SPACETALK LTD — Director's Dealing 2007

Dec 10, 2007

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Change of Director's Interest Notice

Name of entity	MGM Wireless Limited
ABN	93 091 351 530

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	Mark Edwin Hurd
Date of last notice	12 October 2007

Part 1 - Change of director's relevant interest in securities

Par	Par	t 1 - Change of director's relevant interest in securities	t 1 - Change of director's relevant interest in securities
DirNat(incDatNo.ClaNuNuValNo.Nat
	Dir	ect or indirect interest	Indirect
	Nat(inc	ure of indirect interestluding registered holder)	Mark Edwin Hurd ATF Mark Hurd InvestmentFundTrustee and beneficiary	Mark Hurd Investment
	Dat	e of change	10 December 2007
	No.	of securities held prior to change	12,542,500 ordinary shares2,500,000 options (31/12/2007; 3 cents)1,500,000 options (31/01/2010; 7 cents)1,500,000 options (31/01/2010; 9 cents)
	Cla	ss	Ordinary shares
			Unlisted options (31/12/2007; 3 cents)Unlisted options (31/01/2010; 7 cents)Unlisted options (31/01/2010; 9 cents)
	Nu	mber acquired	2,500,000 ordinary shares
	Nu	mber disposed	2,500,000 options (31/12/2007; 3 cents)
	Val	ue/Consideration	$75,000
	No.	of securities held after change	15,042,500 ordinary shares1500000 otions (31/01/2010; 7 cents)
			,, p1,500,000 options (31/01/2010; 9 cents)
	Nat
		ure of change	Exercise of options

Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Part 2 - Change of director's interests in contracts

Detail of contract Nature of interest Name of registered holder (if securities issued) Date of change No. and class of securities to which interest related prior to change Interest acquired Interest disposed Value/Consideration Interest after change

Appendix 3Y Page 2