DEVELOP GLOBAL LIMITED — Major Shareholding Notification 2008

Jun 9, 2008

CI BURTON FAMILY TRUST | ACN 402 769 833|

GROUND FLOOR 8 COLIN STREET WEST PERTH WA 6005

PO BOX 453 WEST PERTH WA 6872

TEL: +618 9324 1177 FAX: +618 9324 2171

10 June 2008

Attn: Announcements Platform Australian Securities Exchange

$\sim$

via facsimile: 1300 135 638

Please find attached an Initial Substantial Shareholder Notice for lodgement under Jutt Holdings Limited immediately.

Please contact Kate Stewart on +61 8 9324 1177 with any queries regarding this lodgement.

Regards,

Craig Burton

Initial substantial shareholder notice

form 603 Corporations Law 709(3)

To: company name

JUTT HOLDINGS LIMITED ACN 122 180 205

Substantial shareholder

name of substantial shareholder

Craig lan Burton

became a substantial shareholder on 4 June 2008

1. Total number of voting shares

The total number of shares in each class of voting shares in the company to which the substantial shareholder was entitled on that date is:

Class of shares	Total number	Percentage of total shares in
		class 1.11111111111111111111111111111111111
Ordinary Fully Paid Shares	4.177.048	6.40%

2. Details of entitlements and relevant interests

On that date, the substantial shareholder was entitled to the following voting shares in which (he/she/it), or an associate held relevant interests. For each relevant interest, full particulars are provided of:

Holder of relevant interest	Nature of relevant interest	Class and number of shares
Mar. l Cralg ian Burton	Full Title	4.177.048
		Ordinary Fully Paid Shares
-----

3. Present registered holders and persons entitled to be registered holders

The following persons are registered, or entitled to be registered, as holders of the shares referred to in paragraph 2 above:

	1.11111111111111111111111111111111111
Holder of relevant interest	Registered holder of shares	Person entitled to be registered as	Class and number of shares
		holder
Craig lan Burton	Craig lan Burton	Craig lan Burton	4.177.048
≺Cl Burton Family a/c>			Ordinary Fully Pald Shares

4. Consideration

The consideration paid for each relevant Interest referred to in paragraph 2 above, and acquired in the four months prior to the day that the substantial shareholder became a substantial shareholder, was:

Holder of relevant interest	Date of acquisition	Consideration		Class and number of
				shares
		Cesn	non-cash
Craig Ian Burton	24/04/2008	A\$105,000		1,750,000
				Ordinary Fully Paid Shares
Craig lan Burton	28/05/2008	A\$35,000.04		583.334
≺CI Burton Family a/c>				Ordinary Fully Paid Shares
Craig Ian Burton	04/06/2008	A\$110,822.84		1,843,714
≺Cl Burton Family a/c>				Ordinary Fully Paid Shares

5. Associates

The persons named in paragraph 2 above are associates of the substantial shareholder for the following reasons:

$-111$ Name of associate ---- -- ----	Reason ------
N/A ------ ---	TITLE STATE --- N/A ------
.	–

6. Addresses

The addresses of persons named in this form are:

		Name	Address
		Craig lan Burton	PO Box 453 West Perth WA 6872
Signature
	name	Craig Ian By flop
	signature		In date ы
		Dissister, conceiver or cubotogetal abounts that

Director, secretary or substantial shareholder.