5G NETWORKS LIMITED. — Director's Dealing 2008

Oct 12, 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	Mr AndrewWalsh
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	Indirect
Nature of indirect interest	Sharesacquiredby Tall Ventures Pty Ltd as
(including registered holder)	trustee for Tall Ventures Trust
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	10thOctober2008
No. of securities heldprior to change	Direct1,172
Class	Ordinary shares
Number acquired	Indirect 40,000
Number disposed	0
Value/Consideration	$2.34per share
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Direct 1,172
	Indirect:
	Tall Ventures Pty Ltd40,000
Nature of change	On-market trade
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director s Interest Notice

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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to	N/A
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002