DEVELOP GLOBAL LIMITED — Regulatory Filings 2010

Feb 23, 2010

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme	VENTUREX RESOURCES LIMITED
ACN/ARSN	122 180 205
1. Details of substantial holder (1) Name	ANTHONY MILES REILLY
ACN/ARSN (if applicable)

The holder became a substantial holder on 22 February 2010

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary Fully Paid	26,850,000	26,850,000	5.01%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Anthony Miles Reilly	Beneficial Owner	Ordinary Fully Paid 26,850,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Anthony Miles Reilly	Anthony Miles Reilly	Anthony Miles Reilly	Ordinary F/P 21,650,000
Anthony Miles Reilly	Cheynes Beach Finance Pty Ltd <reilly Superannuation Fund></reilly	Anthony Miles Reilly	Ordinary F/P 5.260.000

1. The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Class and number of securities
Cheynes Beach Finance Pty Ltd <reilly Superannuation Fund></reilly	19/2/2010 22/2/2010	7,500 7,500	100,000 100,000

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder 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 are as follows:

Name	Address
Anthony Miles Reilly	99 Bruce Street
	Nedlands WA 6009

Signature
Print Name:	Anthony Miles Reilly	Capacity:	Director
Sign Here:	مساه	Date:	24/2/2010

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an $\left( 1\right)$ equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form
• $\boldsymbol{z}$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $\left( 3\right)$ See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.
• $\left| 4 \right|$ The voting shares of a company constitute one class unless divided into separate classes.
• $\sqrt{5}$ The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $\sqrt{a}$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out
  the terms of any relevant agreement, and a statement by the perso $(a)$
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to $(b)$ which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

Sce the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $\left( 8 \right)$ If the substantial helder is unable to determine the identity of the person (eq. if the relevant interest arises because of an option) write "unknown".
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become
  entitled to receive in relation to that acquisition. Details m $\overline{\mathfrak{g}}$ included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom
  the relevant interest was acquired.

$\bar{z}$