SPACETALK LTD — Director's Dealing 2010

Jun 2, 2010

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

Change in Director's Interest

June 3, 2010

The Company advises today that Chairman Mark Fortunatow has transferred 2.1shares from the Mark Fortunatow – I Bank Trust Account to the Fortunatow Family Superannuation Account at the current market price of 0.9c per share. There is no change in beneficial interests

An Appendix 3Y in relation to this change 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$ 3.7 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

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.

	Mark Fortunatow
Name of Director
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 relevantinterest.Date of change	(a)Mark Fortunatow ATF The AM & JM Trust- Trustee and beneficiary(b)Paula Fortunatow ATF Fortunatow FamilyTrust - Beneficiary(c)Mark Fortunatow ATF The I-Bank Trust -Trustee and beneficiary(d)Mark Fortunatow& Paula Fortunatow ATF– Fortunatow Family Superannuation A/c3 June 2010
No. of securities held prior to change	(a)4,470,124 ordinary shares4,000,000 options (31/01/2011; 22 cents)(b)31,763,857 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/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$18,900

No. of securities held after change	(a)4,470,124 ordinary shares4,000,000 options (31/01/2011; 22 cents)
	(b)31,763,857 ordinary shares(c)751,922 ordinary shares(d)2,100,000 ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities 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 towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change