SPACETALK LTD — Director's Dealing 2008

Jul 7, 2008

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	17 December 2007

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

Direct or indirect interest	Indirect
Nature of indirect interest	Mark Edwin Hurd ATF Mark Hurd Investment
(including registered holder)	Fund
	Trustee and beneficiary
Date of change	2 July 2008
No. of securities held prior to change	15,042,500 ordinary shares
	1,500,000 options (31/01/2010; 7 cents)
	1,500,000 options (31/01/2010; 9 cents)
	2,500,000 options (31/01/2011; 22 cents)
Class	Ordinary shares
	Unlisted options (31/12/2007; 3 cents)
	Unlisted options (31/01/2010; 7 cents)Unlisted options (31/01/2010; 9 cents)
	Unlisted options (31/01/2011; 22 cents)
Number acquired	100,000 Ordinary shares
Number disposed	Nil
Value/Consideration	$5,000
No. of securities held after change	15,142,500 ordinary shares
	1,500,000 options (31/01/2010; 7 cents)
	1,500,000 options (31/01/2010; 9 cents)
	2,500,000 options (31/01/2011; 22 cents)

Nature of change	Subscription – Share Purchase Plan

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 towhich interest related priorto change
Interest acquired
Interest disposed
Value/Consideration
Interest after change