DEVELOP GLOBAL LIMITED — Regulatory Filings 2008

Dec 17, 2008

ABN 28 122 180 205

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18 December 2008

Dear Option Holder

NOTICE OF NON-RENOUNCEABLE ENTITLEMENT ISSUE TO OPTION HOLDERS

We are writing to you in relation to your option holding in Jutt Holdings Limited (Company).

The Company has announced to the Australian Securities Exchange Limited (ASX) a nonrenounceable entitlement issue on the basis of one (1) new share for every one (1) share currently held on by Shareholders as at 5.00 pm WDST on 29 December 2008 at an issue price of 1 cent per Share (Entitlement Issue).

Pursuant to the terms of the options that were issued to you, the Company is required to notify you of your right to participate in any pro rata issue of securities if you exercise your options prior to the record date for the pro rata issue.

Accordingly, take notice that in order to participate in the Entitlement Issue, you will need to exercise your options prior to the record date for the Entitlement Issue, being 29 December 2008.

The Company has lodged a prospectus in relation to the Entitlement Issue at the Australian Securities & Investments Commission and this document will be dispatched to Shareholders of the Company on 31 December 2008. The prospectus outlines the Entitlement Issue in detail.

Should you have any queries in relation to this matter, please do not hesitate to contact the Company on (+61 8) 6424 9188.

Yours faithfully

TIM SUGDEN Managing Director

Registered & Principal Office

Level 1, 35 Richardson Street, West Perth WA 6005 PO Box 863, West Perth WA 6872

Tel: +61 8 6424 9188 Fax: +61 8 9463 7836

www.juttholdings.com Email: admin@juttholdings.com