Response to ASX Price and Volume Query

• Develop Global Ltd responded to ASX's query regarding the recent price and volume changes in its securities.
• The company is not aware of any undisclosed information that could explain the recent trading activity.
• A broker's report issued after market close on 28 July 2026 included a reduced 12-month price target for the company.
• Develop Global Ltd confirms compliance with the Listing Rules, particularly Listing Rule 3.1.
• The company's responses have been authorized by an officer with delegated authority from the Board.

Develop Global Ltd (ASX: DVP) responded to ASX's query regarding significant changes in its securities' price and volume. The company stated it is unaware of any undisclosed information that could explain the trading activity. It noted that a broker's report issued after market close on 28 July 2026 included a reduced 12-month price target for the company. Develop Global Ltd confirmed compliance with the Listing Rules, particularly Listing Rule 3.1, and stated that its responses were authorized by an officer with delegated authority from the Board.