DEVELOP GLOBAL LIMITED — Major Shareholding Notification 2009

Apr 29, 2009

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

VENTUREX RESOURCES LIMITED

To Company Name/Scheme ACN/ARSN 122 180 205 1. Details of substantial holder (1) Name KUMBHALGARH PTY LTD 2. ACN/ARSN (if applicable) 103 643 161 There was a change in the interests of the substantial holder on 29/4/2009 The previous notice was given to the company on 4/2/2009 The previous notice was dated 4/2/2009

3. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Ordinary F/P	25,700,000	15.71%	28,200,000	14.35%

4. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of Change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
29/4/09	Kumbhalgarh Pty Ltd	Off-market purchase	$57,500	2,500,000 Ordinary F/P	Kumbhalgarh Pty Ltd

5. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
Kumbhalgarh Pty Ltd	Kumbhalgarh Pty Ltd	Kumbhalgarh Pty Ltd	Beneficial Owner	28,200,000 Ordinary F/P	28,200,000

6. Change in association

The persons who have become associates (2) or, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

7. Address

The addresses of persons named in this form a re as follows:

Name	Address
Kumbhalgarh Pty Ltd	C/- Insight Business Partners 10 Whipple Street Balcatta WA 6021

Signature

Print Name: Timothy John Sugd e n Capacity: Director

Sign Here: __ _ __ Date: 30/4/2009

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