SPACETALK LTD — Capital/Financing Update 2013

May 7, 2013

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Manager ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000

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ASX Release MGM Wireless Ltd 8 May 2013

EXERCISE OF UNQUOTED OPTIONS Notice under section 708A (5)(e) of the Corporations Act 20011 (Cth)

On 7 May 2013 MGM Wireless Limited ( Company ) (ASX:MWR) issued 266,669 fully paid ordinary shares on the exercise of unquoted options. The Company relies on section 708A of the Corporations Act 2001 (Cth) (the Act) in relation to the issue.

In accordance with section 708A(5)(e) of the Act the following information is provided:

1. This notice is being given within five (5) business days after the day of issue;

2. The issue was made without disclosure to investors under Part 6D.2 of the Act;

3. This notice is given under section 708A(5)(e) of the Act;

4. As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and

5. As at the date of this notice, there is no excluded information to be provided in accordance e with section 708A(6)(e) of the Act.

Justin Nelson Company Secretary

For further information contact: MGM Wireless Ltd. - (ASX:MWR) Mark Fortunatow, CEO Mobile: 0421 328 984 Phone: 08 8104 9508 Email: mfortunatow@mgmwireless.com Web: www.mgmwireless.com

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