SPACETALK LTD — Director's Dealing 2008

Jun 15, 2008

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16 June 2008

Companies Announcement Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000

Please be advised that Mr. Fortunatow, CEO and Chairman, exercised 1,142,857; 7 cent options that expire on January 31[st] , 2010 for consideration of $ 79,999.99. An Appendix 3Y has been lodged with the ASX today in relation to this change.

Furthermore, both Mr. Fortunatow and Executive Director Mr. Hurd have participated in the company’s current Share Purchase Plan with all entities that Mr. Fortunatow and Mr. Hurd have interests in taking up the full entitlement of $ 5,000 per entity.