SPACETALK LTD — Major Shareholding Notification 2004

Sep 15, 2004

$16/09$ $'04$ 14:02 FAX 61 8 82912101

SAI. Private

SAIPHvate

16 September 2004
Companies Section Australian Stock Exchange
The Manager
1900 999 279
Nick Barbato
Form 604 - Change in Substantial Shareholder

Please find attached Notice of initial substantial holder in accordance with Sub Section 617B of the Corporations Act.

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PRIVACY & CONFIDENTIALITY NOTICE

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604 page 1/2 15 July 2001

Form 604Corporations Act 2001Section 671B
	Notice of change of interests of substantial holder
To Company Name/SchemeACN/ARSN	MGM WIRELESS LTD
1. Details of substantial holder(1)Name	MR PICOLA BARBASO
ACN/ARSN (if applicable)There was a change in the interests of thesubstantial holder onThe previous notice was given to the company onThe previous notice was dated

2. Previous and present voting power

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 (2) had a relevant interest (3) $\vert$ In when last required, and when

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voung power (5)	Person's votes	Voting power (5)
Eurio Iıи	ר ה		96.55D.∠'	Cr (3
K۴۹SUPER FULLY	少		.

3. Changes in relevant interests

Perticulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since thesubstantial holder was last required to give

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votessffected
1319104	BARDATO SIF	ON MKT PURCHASE		140000	$0.3%$ .

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (B)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting Interests in the company or scheme are as follows:

Name and ACN/ARSN (If applicable)	association :Nature of------
--

6. Addresses

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

Name	---Address
BARRASO∣n£PLGGFA	PRUATE۲∆⊤ີ----
	aub- วเราしもっΒaγPO.٠٥

Signature

print name	NICOLA BARBADO	ThinGEcapacity
sign here		date ${ \lfloor \frac{1}{2} \rfloor \rfloor \mid \gamma \mid 0 }$-

DIRECTIONS

• If there are a number of substandal holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an (1) equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $\left( 5\right)$ See the definition of "relevant Interest" In sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $\left( 5\right)$
• Include details of: 6
  • any relevant agreement or other circumstances because of which the change in relevant Interest occurred. If subsection 671B(4) applies, a copy of any $\left( n\right)$ document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • $(\mathsf{b})$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of 'relevant agreement" in section 9 of the Corporations Act 2001.

• $\left(!!\left.!!\right.!!\right)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom e entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a cortingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relatior to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• $\left(\mathbf{0}\right)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $\left( 9\right)$