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DEVELOP GLOBAL LIMITED Regulatory Filings 2008

May 22, 2008

64801_rns_2008-05-22_922a4f5d-1e33-4ee1-b960-3a6bba9e0c44.pdf

Regulatory Filings

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ABN 28 122 180 205 www.juttholdings.com

23 May 2008

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 1:3 Non-Renounceable Entitlement Issue (Prospectus dated 24 April 2008) closed on Thursday 22 May 2008.

The Company has received total acceptances for 10,285,349 shares with 1:1 free attaching option, at an issue price of 6 cent per share, raising a total of $617,120.94 (before costs).

The shortfall of 6,008,084 shares with 1:1 free attaching option will be taken up by Argonaut Capital Limited as the underwriter.

Yours faithfully

Phillip Hains Company Secretary

Jutt Holdings Limited Tel. +61 8 6424 9188 Fax. +61 8 9463 7836 Place of Business: 1[st] Floor, 35 Richardson Street, West Perth, WA 6005, AUSTRALIA Registered Office: Suite 1, 1233 High Street, Armadale, Victoria 3143, AUSTRALIA Email: [email protected]