DEVELOP GLOBAL LIMITED — Regulatory Filings 2008

Dec 17, 2008

ABN 28 122 180 205

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18 December 2008

Dear Shareholder

NON-RENOUNCEABLE ENTITLEMENT ISSUE

Jutt Holdings Limited (Company) has announced to the Australian Securities Exchange Limited (ASX) a non-renounceable 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).

The Entitlement Issue will result in the issue of approximately 69,097,064 new shares in the Company.

The issue is not underwritten, however Argonaut Securities Pty Limited has agreed to place any shortfall under the Entitlement Issue on a “reasonable endeavours” basis.

The Prospectus relating to this issue has been lodged with the Australian Securities and Investments Commission and ASX and is available on the ASX website at www.asx.com.au for inspection. The timetable and important dates of the issue are set out below:

Commission and ASX and is available on the ASX website at www.asx.com.a timetable and important dates of the issue are set out below:	u for inspection. The
Lodgement of Prospectus with ASIC Notice sent to Shareholders	16 December 200 18 December 200
Ex Date	19 December 200
Record Date for determining Shareholder entitlements	29 December 200
Prospectus despatched to Shareholders	31 December 200
Closing Date of Offer	15 January 200
Shares quoted on a deferred settlement basis 16 January 200 Notify ASX of under-subscriptions 19 January 200 Desatch date/Shares entered into Shareholders’ securit holdins 23 Januar 200
p y g	y
The purpose of the issue is to raise approximately $690,370 (before expenses)	and the funds raised ’
will be used to continue the exploration and resource development at the Co Project, to evaluate business development opportunities and for general workin	mpanys Liberty-Indee g capital.

The purpose of the issue is to raise approximately $690,370 (before expenses) and the funds raised will be used to continue the exploration and resource development at the Company’s Liberty-Indee Project, to evaluate business development opportunities and for general working capital.

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

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The capital structure of the Company on completion of the issue will be as follows:

Shares

Shares
	Number
Shares on issue at date of Prospectus	69,037,064
Shares offered pursuant to the Offer	69,037,064
Total Shares on issue after completion of the Offer	138,074,128

Options

Options
	ASX Ticker	Number
Quoted exercisable at $0.20 on or before 31 July 2009	JUTO	38,634,237
Quoted exercisable at $0.10 on or before 15 June 2009	JUTOA	18,280,099
Unquoted exercisable at $0.20 on or before 22 April 2011	JUTAB	1,457,148
Unquoted exercisable at $0.20 on or before 30 November 2010	JUTAC	650,000
Unquoted exercisable at $0.25 on or before 30 June 2009	JUTAD	1,500,000
Unquoted exercisable at $0.15 on or before 28 May 2011	JUTAK	1,500,000
Total Options on issue after completion of the Offer		62,021,484

In calculating entitlements under the entitlement issue fractions will be rounded up to the nearest whole number.

The offer under the Prospectus is made to Shareholders with registered addresses in Australia and New Zealand. Overseas Shareholders should contact the Company Secretary with any queries.

Full detail of the issue will be contained in the Prospectus that will be mailed to all Shareholders who are registered on the record date. Shareholders eligible to participate should read the Prospectus carefully.

Yours faithfully

TIM SUGDEN Managing Director