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SPACETALK LTD Capital/Financing Update 2016

Apr 27, 2016

65842_rns_2016-04-27_e9070c06-655f-4f73-9a0b-e0fee50d0a23.pdf

Capital/Financing Update

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ASX Market Announcements ASX Limited 20 Bridge Street SYDNEY NSW 2000

ASX Release MGM Wireless Ltd

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April 28, 2016

REPAYMENT OF DIRECTOR LOAN

MGM Wireless (ASX:MWR) advises that it has repaid $35K of loans from a Director with the proceeds raised from the exercise of unquoted options by the Director.

About MGM Wireless Ltd and Messageyou, LLC

MGM Wireless is recognised in Australia and internationally as a pioneer of socially responsible technology-enabled school communications with a proven track record in designing, developing and successfully commercialising 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 and New Zealand use Messageyou software in their day to day operations.