SPACETALK LTD — Capital/Financing Update 2010

Nov 1, 2010

Companies Announcement Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000

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2 November 2010

MGM Wireless Limited Share Purchase Plan Offer – Extension due to Mailing Error

The Directors of MGM Wireless Limited wish to advise shareholders that they have become aware of a number of shareholders who have not yet received the paperwork and application forms associated with the MGM Wireless Limited Share Purchase Plan (the “Plan”). The exact cause of the delay is being investigated by the external share registry that managed the mailing and distribution.

The Directors of MGM Wireless Limited have in the interests of making sure that the Plan should be extended and the documents re-mailed to all shareholders. Relevant dates will now be as follows:

 Record date 13 October 2010 (unchanged)  Announcement of Offer 14 October 2010 (unchanged)  SPP Offer Closes 23 November 2010 (14 days later than originally)  Allotment & Issue of Shares 29 November 2010 (14 days later than originally)  Quotation of Shares on ASX 06 December 2010 (14 days later than originally)

This delay was inadvertent and outside of MGM Wireless Ltd’s control. On behalf of the Company we apologise for any inconvenience caused to shareholders.

Chris Peirce Company Secretary

About MGM Wireless Ltd and Messageyou, LLC

MGM Wireless Ltd is a public company with a market capitalisation of approximately A$ 1.8 m listed on the Australian Securities Exchange (ASX code: MWR). The company trades as Messageyou, LLC in the United States, with its head office in Silicon Valley at Sunnyvale, Cal.

The company’s patented School Attendance Management solutions empower schools to effectively communicate to parents and caregivers using SMS text messaging in combination with culturally sensitive communication to improve attendance, student welfare and safety. MGM Wireless is recognized in Australia and internationally as pioneers and market leaders. MGM’s professional services team delivers an integrated suite of software and communications using its own infrastructure. The solutions enable schools to reduce costs, increase productivity, discharge their duty of care, engage parent involvement, and ultimately improve student learning and social outcomes. Schools in Australia, New Zealand and America use Messageyou software in their day to day operations.

For further information contact:

MGM Wireless Ltd. - (ASX:MWR, MWRO)

Phone: +61 8 8431 2300 Email: mfortunatow@mgmwireless.com Web: www.mgmwireless.com