SPACETALK LTD — Major Shareholding Notification 2005

Jul 18, 2005

$\epsilon_{\rm V}$

Suite 14, 168 Melbourne StreetNORTH ADELAIDE SA 5006 Ph: 03 8367 0490 Fax: 08 8267 6993

PCI Equity Pty Ltd

$\Box$ Urgent	$\square$ For Review	□ Please Comment	$\square$ Please Reply	D Please Recycle
Re.	Form 604	CC:
Phone:		Date:	19 July 2005
Fax:	1900 999 279	Pages: 3
To:	Companies Section of ASX	From:	Nick Barbato

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

10

			604	page 1/2 15 July 20
		Form 604
		Corporations Act 2001Section 671B
		Notice of change of interests of substantial holder
To Company Name/Scheme	M6m	$1/1$ RELECC
ACN/ARSN
1. Details of substantial holder(1)
NameACN/ARSN (if applicable)	$\sim$ 12NICOLA	BABS/
There was a change in the interests of thesubstantial holder on	18.705
The 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)in when last required, and when now r

Class of securities (4)	Previous notice	Present notice
	Person's votesVoting power (5)	Person's votesVoting power (5)
FonГАм.	45	v10
PER$f^{\prime}$	4. se	. O /Ψ.ும்

3. Changes in relevant interests

Particulars 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 interestchanced	Nature ofchange $(f)$	Considerationgiven in relationto change $(7)$	Class andnumber ofsecuritiesaffected	Person's votesaffected
'n	$BAB$ ATU	MKTلره		1909,600
3016105	hae B Aro	0 Fハレー		(926,815)
30 A10 Y	ALB ATOÌF.	offMKT		926.81

4. Present relevant interests

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

Ho der of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
merest	securities	as holder (3)	interest (6)	securities

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

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

Sign

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

Me MICOLA BARBAZO$U - Rt$ Feb $IV$5J11614	16f MELBOURNE ST
	NOATH ADELAIDE 5006
	DILLETORcapacitydate $(9, 7, 05)$
	NICOLA BARBATO

DIRECTIONS

• If there are a number of substantial 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
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ include details of:
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $(a)$ 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
  • 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 $(b)$ 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.

• 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, become $\Box$ entitled to reselve in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom
• If the substartial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $\left( 0\right)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$