5G NETWORKS LIMITED. — Director's Dealing 2008

Oct 19, 2008

Appendix 3Y Change of Director s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX s property and may be made public.

Introduced 30/9/2001.

Name of entity MELBOURNE IT LIMITED

ABN 21 073 716 793

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Robert Stewart
Date of last notice	30thSeptember 2008

Part 1 - Change of director s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of notifiable interest of a director should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	17thOctober2008
No. of securities held prior to change	Direct119,775Indirect 25,437
Class	Ordinary shares
Number acquired	Direct2,550
Number disposed	0
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$2.9558per share
No. of securities held after change	Direct122,325Indirect 25,437

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director s Interest Notice

Nature of change Shares acquired pursuant to the Dividend ReExample: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back investment plan.

Part 2 Change of director s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of notifiable interest of a director should be disclosed in this part.

Nt f h	Nt f h				d rsant to theDiidend Re-	d rsant to theDiidend Re-
	Nt f h			Shares acire	d rsant to theDiidend Re-
	aure o cangeExample: on-market trade, off-market tradsecurities under dividend reinvestment pla	e, exercise of options, issue ofn, participation in buy-back		quinvestment pla	puuvn.
Part 2Chane of direc		tors interests in contracts
gNote:In the case of a coman interests wh
		ich come within paragraph (ii) of the definition ofnotifiab			le interest of a directorshould be
py,disclosed in this part.
Detail of contract
	Detail of contract		N/A
	Nature of interest		N/A
	Name of registered holder(if issued securities)		N/A
			N/A
	Date of change
	No. and class of secu	ritiestoi t	N/A
	which interest related
		pror o
	changeNote: Details are only required for a contr	act in relation
	to which the interest has changed
	Interest acquired		N/A
	Interest disposed		N/A
	Value/ConsiderationNote: If consideration is non-cash, provi	de details and	N/A
	an estimated valuation
	Interest after change		N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002