DEVELOP GLOBAL LIMITED — Regulatory Filings 2007

Sep 11, 2007

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ABN 28 122 180 205 www.juttholdings.com

ASX & MEDIA ANNOUNCEMENT (ASX Code: JUT)

12 September 2007

NGARLUMA ABORIGINAL CORPORATION AND JUTT HOLDINGS SIGN LANDMARK HERITAGE AGREEMENT AS PART OF JUTT’S EXPLORATION PROGRAM IN THE PILBARA

PERTH, Western Australia: Jutt Holdings Limited (ASX:JUT) is pleased to advise that it has signed a landmark Native Title and Heritage agreement this week with the Ngarluma people, through Ngarluma Aboriginal Corporation, which provides for cooperative exploration on Ngarluma held land.

Ngarluma Aboriginal Corporation was established in 2005 to hold and manage the native title rights and interests of the Ngarluma people, the Traditional Owners of the region where the company wishes to explore.

This new native title and heritage agreement between Jutt Holdings and the Ngarluma people provides for, infrastructure support for Ngarluma Aboriginal Corporation and, the establishment of a liaison committee to discuss future activities of Jutt Holdings within the Native Title Determination Area and to monitor the ongoing operation of the agreement for both parties.

This agreement enables the company and the Ngarluma people to conduct their relationship in a harmonious and mutually beneficial manner; it allows for management and protection of the Ngarluma people’s heritage under the Aboriginal Heritage Act 1972 (WA) and relevant Commonwealth Heritage Legislation.

Following a heritage clearance survey, Jutt will carry out drilling of historical mining and geophysical targets generated from airborne surveys.

Jutt Holdings’ Liberty - Indee Project exploration program is scheduled to drill around the historical Evelyn and Quarmby mines. As part of that program the company has entered into this agreement which ensures any activity by the company is carried out in a socially and environmentally responsible manner.

This agreement follows the major announcement on Monday 27 August of the final determination of native title over the Ngarluma claim area, presided over by the Full Bench of the Federal Court of Australia.

This was a significant day for the Ngarluma, marking the end of a decade and a half struggle for the recognition of the Ngarluma people’s native title rights and interests over the Ngarluma claim area.

Ayaz Khan, Managing Director says: “ Jutt Holdings is extremely pleased to have entered into this cooperative and mutually beneficial agreement with the Ngarluma people. We are sure our longer term relationship through this agreement will be as open, frank and friendly as the discussions to date, and we look forward to working with the Ngarluma people and other traditional owners towards increased economic activity and prosperity in the region .”

Jutt Holdings Limited Tel. +61 3 9824 5254 Fax. +61 8 9463 7836

Suite 1, 1233 High Street, Armadale VIC 3143, AUSTRALIA Email: admin@juttholdings.com

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Jill Churnside, Chairperson of Ngarluma Aboriginal Corporation says: “ The Ngarluma People, through our Corporation, are pleased to have made an agreement with Jutt Holdings. The agreement helps us all work together in managing land access and helps us protect our cultural heritage. We can now move forward together, with the agreement as a strong framework on which to build a long term relationship of mutual respect and trust. Jutt is showing the way for other developers to deal with us on our Native Title lands”

FOR FURTHER INFORMATION PLEASE CONTACT:

Ayaz Khan, Managing Director Jutt Holdings Limited Tel 08 - 62630400

Or go to www.juttholdings.com