DEVELOP GLOBAL LIMITED — Regulatory Filings 2011

Jan 20, 2011

No:

==> picture [105 x 96] intentionally omitted <==

ASX Circular

Date: 21 January 2011

Key topics

1. Venturex Resources Limited

2. ASX Code: VXR

3. Entitlement Offer

VENTUREX RESOURCES LIMITED – ACCELERATED NON-RENOUNCEABLE PRO RATA ENTITLEMENT OFFER TO RAISE APPROXIMATELY $28 MILLION.

Participating Organisations are advised that Venturex Resources Limited (the “Company”) has announced a 2 for 5 accelerated non-renounceable pro rata entitlement offer (the “Entitlement Offer”), at an offer price of $0.09 per security (the “Offer Price”) to raise approximately $28 million. The Company has also announced an underwritten institutional placement (the “Placement”) at the Offer Price to raise approximately $8.8 million.

The Entitlement Offer has two components:

Reading List

Client Advisers Compliance Managers Corporate Advisory DTR Operators Issuers Institutions ASTC Participants Office Managers Operations Managers (back office) Research Analysts ACH Participants Market Participants

Authorised By

• An institutional entitlement offer, where offers have been made to qualifying institutional securityholders for them to apply for their pro-rata entitlement to raise approximately $17.6 million (the “Institutional Entitlement Offer”).

• A retail entitlement offer, where an offer will be made to qualifying retail securityholders for them to apply for their pro-rata entitlement to raise approximately $10.4 million (the “Retail Entitlement Offer”).

The Entitlement Offer is fully underwritten by Argonaut Capital Limited.

The Record Date for the Entitlement Offer is 28 January 2011.

The Retail Entitlement Offer is expected to close on 14 February 2011.

The Company will ignore changes in security holdings which occur after reinstatement on Friday, 21 January 2011 (other than registrations of transactions which were effected through the ASX Trading Platform before the commencement of the trading halt).

Sebastian Bednarczyk

Contact

Securities issued under the Entitlement Offer will rank equally with existing securities on issue.

Sebastian Bednarczyk

ASX Limited ABN 98 008 624 691 Exchange Centre 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215

Internet: http://www.asx.com.au

No responsibility is accepted for any inaccuracies contained in the matter published.

Page 1 of 3

No:

The indicative timetable in relation to the Entitlement Offer and the Placement is as follows:

Event	T	Date
Offer announcement date:Announce Offer lodge investor presentation / Entitlement Offer cleansing notice / Appendix 3B with ASX. Institutional Offer opening date:First day on which acceptances may be received for the Institutional Rights Offer. Placement closing date:Last day by which acceptances may be received for the Placement (pre-open). Trading halt/suspension lifted:Trading ofsecuritiesresumes.	T 0	21 January 2011
Institutional Offer closing date:Last day on which acceptances under the Institutional Offer may bereceived.	T+1	24 January 2011
Record date– Books close at 7:00 pm (AEDT), for the purposes of identifying securityholders entitled to participateintheEntitlement Offer.	T+4	28 January 2011 (7:00 pm AEDT)
Placement settlement date:DvP settlement of new securities under the Placement, Lodge PlacementAppendix3Band cleansingnoticewiththeASX.	T+5	31 January 2011
Trading of new securities:Normal settlement trading of new securities issued under Placement. Despatch date:Holding statement despatchedfor newsecurities allotted under Placement.	T+6	1 February 2011
Retail Offer opening date:Despatch of Retail Offer materials. Lodge Retail Offer materials with ASX. First day on whichacceptances oftheRetailOffer may bereceived.	T+8	3 February 2011
Institutional Offer settlement date: DvPsettlement of InstitutionalOffer.	T+11	8 February 2011
Institutional Offer allotment date:Allot new securities under the Institutional Offer (including any shortfall). Trading of new securities:Normal settlement trading of new securities issued under Institutional Offer Allotment. Despatch date:Holding statements despatched for new securities allotted under Institutional Offer Allotment.	T+12	9 February 2011
Retail Offer final close date:Last date for applications under the Retail Offer.	T+15	5:00 pm (AWST), 14 February2011
**Retailshortfall notification **	T+17	16 February 2011
Announce results of allocations under Retail Offer RetailOffer settlement date	T+20	21 February 2011
Retail Offer allotment date:Issue new securities under Retail Offer and enter into uncertified securityholdings.	T+21	22 February 2011
Retail Offer trading date:New securities issued under the Retail Offer commence normal settlement trading. Retail Offer despatch date:Holding statements despatched for new securities allotted under Retailallocation.	T+22	23 February 2011
Retail Offer shortfall allotment date:Issue shortfall under Retail Offer and enter into uncertified securityholdings.	T+24	25 February 2011
Retail Offer shortfall trading date:Shortfall shares issued under the Retail Offer commence normal settlement trading. Retail Offer shortfall despatch date:Holding statements despatch for new securities allotted under Retailshortfallallocation.	T+25	28 February 2011

Page 2 of 3

No:

Settlement Issues

Despite the fact that securities are trading “ex entitlement” on ASXTRADE, CHESS will not recognise for settlement purposes the “ex entitlement” or the “cum entitlement” tag on CHESS messages and CHESS will not maintain cum balances during the deemed “CHESS ex-period”, i.e. the period commencing on the deemed CHESS Ex-Date up to and including the record date. However, a record date cum balance will be available the business day following the record date, which will be equal to the registered holding balance at CHESS end of day on the record date. As a result any transfer that occurs prior to record date will be effectively transferred on a “cum” basis.

Therefore, Participants must ensure that any transfer, including the priming of Broker Entrepot Accounts, is conducted in accordance with the basis of quote. For example, a transfer in relation to a transaction conducted on an ex-basis should ordinarily only occur post record date.

CHESS will perform automatic diary adjustments to “cum entitlement” settlement obligations outstanding as at the record date.

Trading issues

ASX will not price a “cum” market with respect to trading in the Company’s securities. Persons who acquire the Company’s securities after the reinstatement on Friday, 21 January 2011 are not entitled to participate in the Entitlement Offer.

Further information

For further details, please refer to the Company’s announcements or contact the Company.

Retail shareholders who have further questions regarding the Entitlement Offer should call the Venturex Resources Limited on +61 8 6389 7400 between 8.30am to 5.00pm (AEDT) Monday to Friday.

Page 3 of 3