DEVELOP GLOBAL LIMITED — Regulatory Filings 2013

Jan 24, 2013

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

ACN: 122 180 205

1. Details of substantial holder (1)

Name: Argonaut Limited

ACN: 109 326 418

The holder ceased to be a substantial holder on 29 May 2012.

The previous notice was given to the company on 15 June 2011.

The previous notice was dated 15 June 2011.

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
29/ 5/ 2012	AFM Perseus Fund Limited	Dilution due to 15% Placement	n/a	20,715,106
29/5/2012	Argonaut Equity Partners Pty Limited	Dilution due to 15% Placement	n/a	36,150,000
			Total	56,865,106

3. Changes in association

The persons who have become associates (3) of, or ceased to be associates of, or have changed their association (7) with, the substantial holder in relation to voting interests in the company are as follows:

Name and ACN if applicable	Association
Argonaut Capital Limited	Controlled Body Corporate

4. 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
Argonaut Capital 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

Name/capacity:

Michael Price / Company Secretary

Signed:

Mgana.

Date:

25 January 2013