DEVELOP GLOBAL LIMITED — Major Shareholding Notification 2022

Mar 1, 2022

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604

Form 604 Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Develop Global Limited

ACN/ARSN 122 180 205 1. Details of substantial holder (1) Name William James Beament ACN/ARSN (if applicable) N/A.

There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated	28 February 2022
	20 July2021
	20 July2021

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Fully Paid Ordinary Shares	22,410,003 (number of votes after adjusting for the 5 for 1 capital consolidation which completed on 7 December 2021)	16.90%	23,614,843	15.52%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
28/02/2022	William James Beament ATF The Beament Family Trust	Acquisition of 1,199,217 fully paid ordinary shares in Develop (Shares) on exercise of entitlements under the pro rata accelerated entitlement offer announced by Develop on 17 February 2022 (Entitlement Offer)	$3.30 per Share, being a total of $3,957,416.10	1,199,217 ordinary shares	1,199,217
28/02/2022	St Emilion Super Pty Ltd ATF The St Emilion Super Fund	Acquisition of 4,504 Shares under the Entitlement Offer	$3.30 per Share, being a total of $14,863.20	4,504 ordinary shares	4,504
28/02/2022	Mining and Infrastructure Group Pty Ltd	Acquisition of 819 Shares under the Entitlement Offer	$3.30 per Share, being a total of $2,702.70	819 ordinary shares	819
28/02/2022	The estate of Mr John Beament	Acquisition of 299 Shares under the Entitlement Offer	$3.30 per Share, being a total of $986.70	299 ordinary shares	299

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4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

	evant interests	evant interests	evant interests
	ch relevant interest of the substantial holder in v			oting securities after the chang		e are as follows:
Holder in	of relevant terest	Registered holder of securities	Person entitled registered as h	to be older (8)	Nature of relevant in	terest (6)	Class and secu	number of rities	Person’s votes
William	Beament	William James Beament ATF The Beament Family Trust	William James ATF The Beam Family Trust	Beament ent	Pursuant to sections (c) of the Corporatio	608(1)(b) and ns Act.	23,504,63 shares	5 ordinary	23,504,635
William	Beament	St Emilion Super Pty Ltd ATF The St Emilion Super Fund	St Emilion Sup ATF The St Em Super Fund	er Pty Ltd ilion	Pursuant to sections (c) of the Corporatio	608(1)(b) and ns Act.	88,276 ord shares	inary	88,276
William	Beament	Mining and Infrastructure Group Pty Ltd	Mining and Infr Group Pty Ltd	astructure	Pursuant to sections (c) of the Corporatio	608(1)(b) and ns Act.	16,058 ord shares	inary	16,058
William	Beament	The estate of Mr John Beament	The estate of M Beament	r John	Pursuant to section (c) of the Corporati	s 608(1)(b) and ons Act.	5,874 ordi shares	nary	5,874

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Not applicable	Not applicable

6. Addresses

The addresses of persons named in this form are as follows:

Name Address William James Beament PO Box 585 West Perth WA 6005

Signature

print name William James Beament Capacity Substantial holder sign here Date 28/02/2022

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DIRECTIONS

• (1) 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 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 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) 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 which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

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

• (7) 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 must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on 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.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown’”.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.