DEVELOP GLOBAL LIMITED — Major Shareholding Notification 2024

Jun 30, 2024

page 1/3 15 July 2001

604

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

ToCompany 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	1 July2024
The previous notice was given to the company on	14 February2024
The previous notice was dated	14 February2024

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:

t interest (3) in when l	ast required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:	ast required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:	ast required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:	ast required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:	ast required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:	ast required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
Class of securitie	s (4)	Previous notice		Present notice
		Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Fully Paid Ordinary Shares		36,508,778	15.08%	50,508,778

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	Nature of change (6)	Consideration given in	Class and number	Person’s votes
	relevant interest		relation to change (7)	of securities	affected
	changed			affected
14/06/2024	William JamesBeament ATF TheBeament FamilyTrust	Exercise of Options intoDVP Shares	$10,500,000 (optionsexercised at $0.75 each)	ORD14,000,000	14,000,000

4. Present relevant interests

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

Holder of relevantinterestWilliam BeamentWilliam BeamentWilliam Beament	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Nature of relevant interest (6)	Class and number ofsecurities	Person’s votes
	William JamesBeamentATF The BeamentFamily Trust	William James BeamentATF The BeamentFamily Trust	Pursuant to sections 608(1)(b) and(c) of the Corporations Act.	50,377,736 ordinaryshares	50,377,736 ordinaryshares
	WilliamBeament	William Beament	Pursuant to sections 608(1)(b) and(c) of the Corporations Act.	809 ordinary shares	809 ordinary shares
	St Emilion Super PtyLtdATF The StEmilion SuperFund	St Emilion Super Pty LtdATF The St EmilionSuper Fund	Pursuant to sections 608(1)(b) and(c) of the Corporations Act.	94,321 ordinaryshares	94,321 ordinaryshares

				604	page 2/3 15 July200117,820 ordinaryshares18,092 ordinaryshares
William Beament			Pt t ti 6081b d		17,820 ordinaryshares
	Mining andInfrastructureGroup Pty Ltd	Mining and InfrastructureGroup Pty Ltd	ursuan o secons ()() an(c) of the Corporations Act.	17,820 ordinaryshares
William Beament	The estate of MrJohn Beament	The estate of Mr JohnBeament	Pursuant to sections 608(1)(b) and(c) of the Corporations Act.	18,092 ordinaryshares	18,092 ordinaryshares

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 01-07-2024

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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.