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DEVELOP GLOBAL LIMITED Capital/Financing Update 2008

Apr 20, 2008

64801_rns_2008-04-20_f8535c63-5354-4d7a-97fc-87879c6ea035.pdf

Capital/Financing Update

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MARKET RELEASE

21 April 2008

Jutt Holdings Limited

TRADING HALT

The securities of Jutt Holdings Limited (the “Company”) will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Wednesday, 23 April 2008 or when the announcement is released to the market.

Security Code: JUT JUTO

Darren Collins Senior Adviser, Issuers (Melbourne)

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ABN 28 122 180 205 www.juttholdings.com

ASX ANNOUNCEMENT

(ASX Code: JUT)

21 April 2008

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

Dear Sir/Madam,

Trading Halt

On behalf of the Board of Directors of Jutt Holdings Limited (ASX:JUT), I request the securities of the company be placed in a trading halt pending an announcement about drill results and a capital raising.

As you may notice from recent announcements some shareholders have requested a general meeting of the company. The company is in the process of completing a capital raising. The company requires a trading halt to enable it to complete the details (including receiving legal advice) for the capital raising in the light of the requested meeting.

We expect to announce the details of the capital raising by the commencement of trade on Wednesday 23 April 2008.

Neither the Board nor I are aware of any reason that the trading halt should not be granted.

Yours faithfully,

Phillip Hains Company Secretary

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