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SPACETALK LTD Capital/Financing Update 2014

Jun 11, 2014

65842_rns_2014-06-11_b90464b6-87e9-433c-8a44-f9fc9ca61699.pdf

Capital/Financing Update

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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

12 June 2014

COMPLETION OF PAYSCHOOL ACQUISITION

Further to the announcement of 14 April 2014, the Directors of MGM Wireless Limited (ASX: MWR) are pleased to advise that the acquisition of Payschool has been completed.

About MGM Wireless Ltd and Messageyou, LLC

MGM Wireless is recognized in Australia and internationally as a pioneer of socially responsible technology-enabled school communications with a proven track record to design, develop and successfully commercialise innovative world class technology products.

The company’s patented SMS School communication solutions empower schools to effectively communicate to parents and caregivers using SMS text messaging to improve student attendance, welfare, safety and parent engagement. Measurable benefits for schools include reduced operating costs, increased productivity and improved parent and community engagement which ultimately improve student learning and social outcomes.

Schools in Australia, New Zealand and the United States use Messageyou software in their day to day operations.