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DEVELOP GLOBAL LIMITED Regulatory Filings 2011

Feb 21, 2011

64801_rns_2011-02-21_d6d3e194-e6e6-4642-be88-dcbcf3f9623b.pdf

Regulatory Filings

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NOTIFICATION OF SUBSCRIPTIONS OF RETAIL ENTITLEMENT ISSUE

ASX Announcement ASX Code: VXR Released: 22 February 2011

Amendment

On 16 February 2011, the Company advised that the number of shares not taken up by Retail Shareholders (being the Shortfall Shares ) was 42,377,577. This was incorrectly reported as it included 7,636,542 entitlement shares relating to Prohibited Foreign Holders which will be issued to the appointed Nominee as per the Retail Offer Document.

For further details Ms Liza Carpene Company Secretary T: +61 8 6389 7400 M: +61 411 407 835 [email protected]

The following table sets out the amended numbers making up the total Retail Issue Component :

The following table sets out the amended numbers making
Retail Issue Component:
up the total
Number of shares taken up by Retail Shareholders (Retail Shares): 72,797,801
Number of shares to be issued to the Nominee appointed to 7,636,542
represent Prohibited Foreign Holders (PFH Shares):
Number of shares not taken up by Retail Shareholders (excluding 34,741,035
entitlements of Prohibited Foreign Holders) (Shortfall Shares):
Maximum number of shares available under theRetail Issue 115,175,378
Component:

The Company expects that the Retail Shares and PFH Shares will be allotted on 22 February 2011, and holding statements despatched to Shareholders on 23 February 2011.

The remaining Shortfall Shares will be issued at the direction of the Underwriter on 25 February 2011.

Board

Tony Kiernan Chairman

Tim Sugden Managing Director

Michael Mulroney Non-Executive Director

Allan Trench Non-Executive Director

Anthony Reilly Executive Director

Liza Carpene Company Secretary

LIZA CARPENE Company Secretary

Contact Details

For further information, please contact: Tim Sugden / Liza Carpene – Venturex Resources Limited on (08) 6389 7400 Nicholas Read / Paul Armstrong – Read Corporate on (08) 9388 1474

Registered Office Suite 3, Level 1 127 Cambridge Street West Leederville WA 6007

T: +61 8 6389 7400 F: +61 8 9463 7836 [email protected] www.venturexresources.com

ABN: 28 122 180 205