DEVELOP GLOBAL LIMITED — Share Issue/Capital Change 2022

Feb 3, 2022

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 February 04, 2022

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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	600,000 Unlisted Options issued under Employee	600,000	24/01/2022
to be confirmed	Incentive Plan at $4.50 on or before 24 January
	2025

Refer to next page for full details of the announcement

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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

4/2/2022

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

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----- Start of picture text ----- ASX +security code +Security descriptionNew class - code to be confirmed 600,000 Unlisted Options issued under Employee IncentivePlan at $4.50 on or before 24 January 2025+Security type ISIN codeOtherDate the +securities the subject of this notification were issued24/1/2022Will all the +securities issued in this class rank equally in all respects from their issue date?YesWere any of the +securities issued to +key management personnel (KMP) or an +associate?NoPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities beingissued.Refer the Notice of Annual General Meeting of the Company held on the 26 November 2021https://wcsecure.weblink.com.au/pdf/DVP/02440175.pdfPlease provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive schemeor a summary of the termsRefer the Notice of Annual General Meeting of the Company held on the 26 November 2021https://wcsecure.weblink.com.au/pdf/DVP/02440175.pdfAny other information the entity wishes to provide about the +securities the subject of this notificationN/aIssue details----- End of picture text -----

Number of +securities

600,000

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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	140,698,014
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	3,400,000
DVPAZ : OPTION EXPIRING 22-JUN-2023 EX $0.675	14,592,267
DVPAA : OPTION EXPIRING 15-DEC-2021 EX $0.50	309,074
DVPAW : OPTION EXPIRING 18-JUL-2023 EX $0.675	2,297,795
DVPAV : PERFORMANCE RIGHTS	387,000
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 : 600,000 Unlisted Options issued under Employee	600,000
Incentive Plan at $4.50 on or before 24 January 2025

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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