DEVELOP GLOBAL LIMITED — Regulatory Filings 2010

Jul 19, 2010

20 July 2010

The Directors Venturex Resources Limited Suite 3, Level 1, 127 Cambridge St WEST LEEDERVILLE WA 6007

Company Announcements Office Australian Stock Exchange Limited Level 4, 20 Bridge St SYDNEY NSW 2000

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER VENTUREX RESOURCES LIMITED

In accordance with section 671B of the Corporations Act 2001, we enclose a notice of change of interests of substantial holder for Venturex Resources Limited.

Yours faithfully ARGONAUT LIMITED

JÁSON CAMPBELL Company Secretary

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To:	Venturex Resources Limited
ACN:	122 180 205

1. Details of substantial holder (1)

Name:

Argonaut Limited

ACN: 109 326 418

There was a change in the interests of the substantial holder on 21 June 2010. The change is due to an issue of shares to Regent Pacific Group Limited, thereby diluting Argonaut's interest.

The previous notice was given to the company on 12 February 2010.

The previous notice was dated 12 February 2010.

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company 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, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting Power (5)	Person's votes	Voting power (5)
Ordinary Shares	36,545,765	6.81%	36,545,765	5.75%

3. 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, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

On 21 June 2010, Argonaut's interest has changed due to the issue of shares to Regent Pacific Group Limited, thereby diluting Argonaut's interest. Argonaut has not purchased or disposed of any VXR securities since the last notice was provided to the Company.

4. 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	Persons entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Argonaut Equity Partners Pty Limited	Argonaut Equity Partners Pty Limited	Argonaut Equity Partners Pty Limited	Note 1	Ordinary Shares 21,749,261	21,749,261
AFM Perseus Fund Limited	AFM Perseus Fund Limited	AFM Perseus Fund Limited	Note 2	Ordinary Shares 14,796,504	14,796,504
Argonaut Equity Partners Pty Limited	Argonaut Equity Partners Pty Limited	Argonaut Equity Partners Pty Limited	Note 3	Options 10,526,316	Nil

Note 1: Argonaut Limited is the controlling body corporate of Argonaut Equity Partners Pty Limited within the definition of S608 of the Corporations Act.

• Note 2: Argonaut Limited is the controlling body corporate of AFM Zeus Pty Limited which manages the AFM Perseus Fund Limited within the definition of S608 of the Corporations Act.
• Note 3: Argonaut Limited is the controlling body corporate of Argonaut Equity Partners Pty Limited within the definition of S608 of the Corporations Act.

5. Changes in association

The persons who have become associates (2) of, 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 are as follows: NIL

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Argonaut Limited	Level 30 Allendale Square, 77 St Georges Terrace, PERTH WA 6000
Argonaut Equity Partners Pty Limited	Level 30 Allendale Square, 77 St Georges Terrace, PERTH WA 6000
AFM Perseus Fund Limited	Level 30 Allendale Square, 77 St Georges Terrace, PERTH WA 6000

Jason Campbell capacity: Company Secretary name: $\overline{\mathscr{A}}$ date: 20/07/2010 sign here: