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SPACETALK LTD Major Shareholding Notification 2004

Jun 7, 2004

65842_rns_2004-06-07_9dc0fceb-01db-4f31-a4e2-eef47984f218.pdf

Major Shareholding Notification

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MGM Wireless Limited Suite 2 128 Hindley Street ADELAIDE SA 5000

8 June 2004

Company Announcements Platform Australian Stock Exchange Limited 20 Bond Street Sydney NSW 2000

RE: RESULTS OF SALE OF UNMARKETABLE PARCELS

On 14th April 2004 the Company announced that it intended to proceed with the sale of holdings of 33,300 shares or less, unless otherwise notified by shareholders.

Following expiry of the notice period the Company arranged sale of the shares on-market. Proceeds have now been received and cheques will be posted to individual shareholders by 21st June 2004.

Final details of the buy-out are:

Sale price: 1.5 cents per share (average)
Total number of shares: 5.516.302
Number of shareholders: 743

Mark Fortunatow Managing Director