This is a great outcome for Devine and one that will help...

This is a great outcome for Devine and one that will help appreciate the DVN sp over coming years...

2 June 2006

Company Announcement – Continuous Disclosure



Pursuant to Listing Rule 3.1, Directors of Devine Limited are pleased to advise that the
company, together with the Gold Coast City Council, have been successful in the
Planning and Environment Court in confirming the status of the Development Approval
for residential use granted by the Council on the company’s proposed new development
site at Currumbin.

This followed an action taken by a group known as the “Friends of Currumbin” who
challenged the legality of the Development Approval granted by the Council. Directors
were always confident that the Council’s planning processes had been strictly adhered
to by both the Council and Devine and which was evidenced by the two and a half years
it took to work through the many complicated planning issues on this sensitive site.

“The Hideaway” at Currumbin will feature an 18-hectare lake, retention of 35 hectares of
existing bush land plus 24 hectares of new vegetation, 100 lakeside houses and 430
dwellings spread throughout the 148-hectare development, which is located 8 minutes
from the surf beach and twelve minutes from Coolangatta Airport. The development will
have an end value of approximately $500 million and will be developed over 6-8 years.

Now that the court has confirmed the Development Approval, the company will progress
operational works approvals with the Council. Once received, this will allow the initial
infrastructure works to commence together with the construction of the lake.

Directors view this new project as an exciting new initiative for Devine in the major
growth region of the Gold Coast. The project is forecast to deliver substantial returns to
shareholders during its 6 to 8 year development timeframe.

Regards,
Snake13.