DEVELOP GLOBAL LIMITED — Share Issue/Capital Change 2023

Sep 28, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

DEVELOP GLOBAL LIMITED

Date of this announcement

Friday September 29, 2023

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date New class - code Share Rights 15,086 29/09/2023 to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

DEVELOP GLOBAL LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

28122180205

1.3 ASX issuer code

DVP

1.4 The announcement is

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New announcement

1.5 Date of this announcement

29/9/2023

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of Non-Executive Director Share Rights as approved on 25 May 2023.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

New +securities
ASX +security codeNew class - code to be confirmed	+Security descriptionShare Rights
+Security type	ISIN code
Other
Date the +securities the subject of this notification were issued
29/9/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://announcements.asx.com.au/asxpdf/20230421/pdf/45nwfk05d421n6.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Issue of Share Rights in lieu of salary to Non-Executive Director, Michael Blakiston, as approved by shareholders on 25 May 2023. Issue completed upon finalisation of quantum and acceptance of offer.

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

15,086

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issue of Share Rights in lieu of salary to Non-Executive Director, Michael Blakiston, as approved by shareholders on 25 May 2023.

Purpose of the issue

To pay for services rendered

Additional Details

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
DVP : ORDINARY FULLY PAID	197,781,372
4.2 Unquoted +Securities (Total number of each +class of +securities issued but	not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
DVPAY : OPTION EXPIRING 22-JUN-2024 EX $0.75	1,400,000
DVPAAG : OPTION EXPIRING VARIOUS DATES VARIOUS PRICES	1,360,000
DVPAV : PERFORMANCE RIGHTS	787,600
DVPAAC : OPTION EXPIRING 01-OCT-2024 EX $5.00	200,000
DVPAAB : OPTION EXPIRING 17-JUN-2025 EX $0.75	14,000,000
DVPAAA : OPTION EXPIRING 17-JUN-2024 EX $0.75	14,000,000
New class - code to be confirmed : Share Rights	15,086

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

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did 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

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