DEVELOP GLOBAL LIMITED — Major Shareholding Notification 2008

Apr 23, 2008

605 page 1/2 15 July 2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Jutt Holdings Limited ACN/ARSN 122 180 205

1. Details of substantial holder(1)

Name Ostle Investments Pty Ltd

ACN/ARSN (if applicable) 079 890 903

The holder ceased to be a substantial holder on 22 4 2008 / / The previous notice was given to the company on 30 4 2007 / / The previous notice was dated 27 4 2007 / /

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change(5)	Class (6) and number of securities affected	Person's votes affected
22/4/2008	Ostle Investment	Dilution due to	nil	2,249,999	2,249,999
	Pty Ltd	placement

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Ostle Investments Pty Ltd	12 Nairn Road, Applecross WA 6153

Signature

print name sign here	capacity Director A Tan
	date / / 24 4 2008