DEVELOP GLOBAL LIMITED — Share Issue/Capital Change 2024

Jan 18, 2024

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 January 19, 2024

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	OPTION EXPIRING 15-DEC-26 EX $4.38	100,000	15/12/2023
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

ACN

Registration number

122180205

1.3 ASX issuer code

DVP

1.4 The announcement is

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New announcement

1.5 Date of this announcement

19/1/2024

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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Please refer to Appendix 3B dated 9 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 code +Security description New class - code to be confirmed OPTION EXPIRING 15-DEC-26 EX $4.38 +Security type ISIN code Options Date the +securities the subject of this notification were issued 15/12/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Please refer to the AGM Notice of Meeting - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2 924-02725038-6A1174000

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 4.38000000 15/12/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

DVP: Ordinary Fully Paid Shares

One ordinary fully paid share for each option

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

Unlisted options issued to non-executive Director as a long term incentive, approved at the DVP's AGM on 16-11-2023

Please provide any further information needed to understand the circumstances in which you are notifying the

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

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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

Please refer to Appendix 3B lodged on 9 May 2023 - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/ 1.0/file/2924-02664283-6A1149459

Issue details

Number of +securities

100,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Unlisted options issued to non-executive Director as a long term incentive, approved at the DVP's AGM on 16-11-2023

Purpose of the issue

Other

Additional Details

N/A

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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	242,653,581
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	2,215,000
DVPAAI : SHARE RIGHTS	21,724
DVPAV : PERFORMANCE RIGHTS	4,380,064
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 : OPTION EXPIRING 15-DEC-26 EX $4.38	100,000

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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