SPACETALK LTD — Major Shareholding Notification 2005

May 23, 2005

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

PCI Equity Pty Ltd

Phone:		Date:	20 May 2005
Re r	Form 604	CC:
$\square$ Urgent	D For Review	□ Please Comment	D Please Reply	D Please Recycle

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

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	M 6MLIIRGLESSL T
ACN/ARSN
1. Details of substantial holder(1)
Name
ACN/ARSN (if applicable)	MR NILOLABARBATO
There was a change in the interests of thesubstantial rolder on	که، کی اا
The previous notice was given to the company on	$\sqrt{2}$
The previous notice was dated	$\Gamma/\alpha$
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
fPO(FAMmyAL)	Person's votes$ b_1 $ 66,088	Voting power (5)	Person's votes!	Voting power (5)
$(SUFEF$ FULD) $ 0.351$		00	ユート	$.00^{3}$

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 interestchanged	Nature ofchange (5)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
la 15 25	Inhebar FK	O۳M K		289,050

4. Present relevant interests

$\gamma_{\rm eff}$

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

Holder ofrelevantinterest	Registeredholder ofsecuritiesA.	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes

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

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

Name	Ardress
¦ An €NICOLA BARBAJO	$S$ UITE 14MELBOURNE16k$S-REET$
	NolmiADELANDErook

Signature

print name	NICOLA BARBASO	$D_1$ RECTORcapacity
sign here		date $24/5 / 05$

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related comporations, or the manager and trustee of anequity trust), the names could be included in an ann $\left($ 1 equity mast, the homes court de mutuled in on ondexure to the rank in the reevent meress or a group or persons are essentially sometime, they are released to thethroughout the form as a specifically named group if the mem
• $\boldsymbol{\omega}$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $\left( 3 \right)$ See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.
• $[4] \centering% \includegraphics[width=0.9\columnwidth]{figures/fig_10.pdf} \caption{A graph $\Delta_{1}$ for the $1000$ TeV for $4 \times 10^{12}$ TeV for $4$ TeV for $4$ TeV for $4 \times 10^{12}$ TeV for $4 \times 10^{12}$ TeV for $4 \times 10^{12}$ TeV for $4 \times 10^{12}$ TeV for $4 \times 10^{12}$ TeV for $4 \times 10^{12}$ TeV for $4 \times 10^{12}$ TeV for $4 \times 10^{12}$ TeV for $4 \times 10^{12}$ TeV for $4 \times 10^{12}$ TeV for $4 \times$ The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. b)
• $|6|$ 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) any isseming out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme ordocument setting out the terms of any relevant agreement, and a statement by t
  • 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 $(b)$ any quantitation of the porter of a person to one use, complete an enouge or, or interance are ensured or, arewhich the relevent interest relates (indicating clearly the particular securities to which the qualification ap

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 $\omega$ Dean's of the consideration have neared any and an externa, money and oner, that any person money increases the account model and account increases increases increases in the happening or not of a contingency. Details must induded 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 the relevant interest was acquired.
• 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". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. -01