SPACETALK LTD — Major Shareholding Notification 2004

Oct 21, 2004

FORM 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To:	MGM Wireless Ltd
ABN:	93 091 351 530

1. Details of substantial holder

Michael Christopher Samra ATF Michael C Samra Family Account Name: ACN:

The holder became a 18/10/04 substantial holder on:

Details of voting power $2.$

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

Class of securities	Number of securities	Person's votes	Voting power
Ordinary shares	8.823.529	8.823.529	6.67%

$3.$ Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Michael Christopher Samra	Direct	8,823,529 ordinary shares

$\ddot{4}$ . Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder ofsecurities	Person entitled to beregistered as holder	Class and number ofsecurities
Michael Christopher Samra	Michael ChristopherSamra	Michael ChristopherSamra	8,823,529 ordinary shares

Consideration 5.

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial shareholder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition		Consideration	Class and number ofsecurities
		Cash	Non-cash
Michael Christopher Samra	18/10/4	SNIL.	Refer Note(a)	5.912,376 ordinary shares

(a) Transfer of beneficial interest and voting entitlement

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN (if applicable)	Nature of association
Not applicable

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Michael Christopher Samra	C/- David Abram & Associates, 107 Salisbury Highway,Salisbury SA 5108

Signature

Print name: Michael Samra

Capacity:

Sign here: Michael Samra

Date: 20/10/04