DEVELOP GLOBAL LIMITED — Regulatory Filings 2007

Sep 4, 2007

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ABN 28 122 180 205 www.juttholdings.com

5th September 2007

Company Announcement Office Australian Securities Exchange Level 45, Rialto South Tower 525 Collins Street Melbourne VIC 3000

Dear Sir/Madam,

Entitlement Issue Closed

The Directors are pleased to announce that the Company’s 4:5 Non-Renounceable Entitlement Issue closed with over 80% of the entitlement taken up.

The Company has received total acceptances for listed options issued under the Entitlement Issue of 27,649,337 at an issue price of 1 cent per option raising a total of $276,493 (before costs).

The shortfall of 7,134,900 options will be taken up by Findlay & Co Stockbrokers (Underwriter) Pty Ltd as the underwriter.

Yours faithfully

Phillip Hains Company Secretary

Jutt Holdings Limited Suite 1, 1233 High Street Armadale VIC 3143 Tel. +61 3 9824 5254 Fax. +61 8 9463 7836 Email: admin@juttholdings.com