SPACETALK LTD — Director's Dealing 2010

Nov 16, 2010

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

Correction of Previously Lodged Appendix 3Y November 17, 2010

The Company today corrects the Appendix 3Y lodged 3 June 2010, where the opening and closing balances of Chairman Mark Fortunatow’s holdings were overstated by 500,000 shares. The error on the earlier statement was inadvertent and relates to the gift of shares to a non-profit organisation (announced July 2, 2009). The non-profit organisation has not yet lodged the transfer form.

There was no change in the beneficial arising from the transfer to which this Appendix 3Y relates. A corrected Appendix 3Y is attached.

Chris Peirce Company Secretary

About MGM Wireless Ltd and Messageyou, LLC

MGM Wireless Ltd is a public company with a market capitalisation of A$ 1.8 m listed on the Australian Securities Exchange (ASX code: MWR). The company trades as Messageyou, LLC in the United States, with its head office in Silicon Valley at Sunnyvale, Cal.

The company’s patented School Attendance Management solutions empower schools to effectively communicate to parents and caregivers using SMS text messaging in combination with culturally sensitive communication to improve attendance, student welfare and safety. MGM Wireless is recognized in Australia and internationally as pioneers and market leaders. MGM’s professional services team delivers an integrated suite of software and communications using its own infrastructure. The solutions enable schools to reduce costs, increase productivity, discharge their duty of care, engage parent involvement, and ultimately improve student learning and social outcomes. Schools in Australia, New Zealand and America use Messageyou software in their day to day operations.

For further information contact: MGM Wireless Ltd. - (ASX:MWR, MWRO) Mark Fortunatow CEO Mobile: +61 421 328 984 Phone: +61 8 8431 2300 Email: mfortunatow@mgmwireless.com Web: www.mgmwireless.com

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

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 Fortunatow
Date of last notice	22 October 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	(a) Mark Fortunatow ATF The AM & JM Trust - Trustee and beneficiary (b) Paula Fortunatow ATF Fortunatow Family Trust - Beneficiary (c) Mark Fortunatow ATF The I-Bank Trust - Trustee and beneficiary (d) Mark Fortunatow& Paula Fortunatow ATF – Fortunatow FamilySuperannuation A/c
Date of change	3 June 2010
No. of securities held prior to change	(a) 4,470,124 ordinary shares 4,000,000 options (31/01/2011; 22 cents) (b) 31,263,857 ordinary shares (c) 2,851,922 ordinary shares
Class	Ordinary Shares
Number acquired	2,100,000 ordinary shares
Number disposed	2,100,000 ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$18,900

No. of securities held after change	(a) 4,470,124 ordinary shares 4,000,000 options (31/01/2011; 22 cents) (b) 31,263,857 ordinary shares (c) 751,922 ordinary shares (d) 2,100,000 ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off market transfer

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change