DEVELOP GLOBAL LIMITED — Share Issue/Capital Change 2022

Feb 3, 2022

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

DEVELOP GLOBAL LIMITED

Announcement Type

New announcement

Date of this announcement

Friday February 04, 2022

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
DVP	ORDINARY FULLY PAID	14,400	03/02/2022

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

DEVELOP GLOBAL LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 28122180205

1.3 ASX issuer code

DVP

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

4/2/2022

Application for quotation of +securities

2 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

2.2 The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

3 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class issued under an +employee incentive scheme

FROM (Existing Class) ASX +security code and description

DVPAV : PERFORMANCE RIGHTS

TO (Existing Class) ASX +security code and description

DVP : ORDINARY FULLY PAID

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer 14,400

Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://s3.ap-southeast-2.amazonaws.com/assets.develop.com.au/app/uploads/2021/09/28140702/181130-VXR-Perform ance-Rights-Plan-approved.pdf

Are any of these +securities being issued to +key management personnel (KMP) or an +associate No

Issue date

3/2/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

==> picture [9 x 8] intentionally omitted <==

Yes

Application for quotation of +securities

4 / 7

Application for quotation of +securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted 14,400

Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.000000

Any other information the entity wishes to provide about the +securities to be quoted Issue of 14,400 DVP Ordinary Shares upon the vesting and conversion of Performance Rights.

Application for quotation of +securities

5 / 7

Application for quotation of +securities

Part 4 - Issued capital following quotation

==> picture [21 x 22] intentionally omitted <==

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description Total number +securities on iss DVP : ORDINARY FULLY PAID 140,712,4 4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number +securities on iss DVPAY : OPTION EXPIRING 22-JUN-2024 EX $0.75 3,400,0 DVPAZ : OPTION EXPIRING 22-JUN-2023 EX $0.675 14,592,2 DVPAA : OPTION EXPIRING 15-DEC-2021 EX $0.50 309,0 DVPAW : OPTION EXPIRING 18-JUL-2023 EX $0.675 2,297,7 DVPAV : PERFORMANCE RIGHTS 372,6 DVPAAC : OPTION EXPIRING 01-OCT-2024 EX $5.00 200,0 DVPAAB : OPTION EXPIRING 17-JUN-2025 EX $0.75 14,000,0 DVPAAA : OPTION EXPIRING 17-JUN-2024 EX $0.75 14,000,0

of ue 14 of ue 00 67 74 95 00 00 00 00

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

Application for quotation of +securities

6 / 7

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

Application for quotation of +securities

7 / 7