DEVELOP GLOBAL LIMITED — Capital/Financing Update 2022

Dec 15, 2022

ASX Announcement

16 December 2022

SECTION 708A(5) NOTICE

In respect to the issue of quoted securities (“Securities”) referred to in the Appendix 2A – Application for quotation of securities lodged today, the Company gives notice pursuant to Section 708A(5)(e) of the Corporations Act 2001 (the “Act”) that:

1. the Company issued the Securities without disclosure under Part 6D.2, in reliance of Section 708A(5) of the Act;

2. the Company, as at the date of this notice, has complied with:

3. (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

4. (b) Sections 674 and 674A of the Act; and

5. as at the date of this notice, there is no information that is “excluded information” (as defined in Sections 708A(7) and (8) of the Act), required to be disclosed by the Company.

Authorised for ASX release by the Board of the Company.

Investor Enquiries

Bill Beament DEVELOP Global Limited T: +61 8 6389 7400

E: hello@develop.com.au

Media Enquiries

Paul Armstrong Read Corporate P: +61 8 9388 1474 E: info@readcorporate.com.au

About Develop

Develop (ASX: DVP) has a twin-pronged strategy for creating value. The first of these centres on the exploration and production of future-facing metals. As part of this, the Company owns the Sulphur Springs copper-zincsilver project in WA’s Pilbara region. This project is currently the focus of ongoing exploration to grow the inventory and various development studies. Develop also owns the Woodlawn zinc-copper project in NSW. Woodlawn, which is on care and maintenance, comprises an underground mine, a significant JORC Resource and Reserve and a new processing plant. The second plank of Develop’s strategy centres on the provision of underground mining services. As part of this, Develop has an agreement with Bellevue Gold (ASX: BGL) to provide underground mining services at its Bellevue Gold Project in WA

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