App 3B-Release of escrow restrictions

POCKETMAIL GROUP LIMITED                      2002-05-15  ASX-SIGNAL-G

HOMEX - Sydney                                                        

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                             APPENDIX 3B
                        NEW ISSUE ANNOUNCEMENT

   APPLICATION FOR QUOTATION OF ADDITIONAL SECURITIES AND AGREEMENT

Information or documents not available now must be given to ASX as
soon as available.  Information and documents given to ASX become
ASX's property and may be made public.

Introduced 1/7/96. Origin Appendix 5. Amended 1/7/98, 1/9/99,
1/7/2000.

Name of Entity
Pocketmail Group Limited

ABN
96 008 719 015

We (the entity) give ASX the following information.


PART 1 - ALL ISSUES
You must complete the relevant sections (attach sheets if
there is not enough space).


Items 1 to 10 are Not Applicable

PART 2 - BONUS ISSUE OR PRO RATA ISSUE

Items 11 to 33 are Not Applicable

PART 3 - QUOTATION OF SECURITIES
You need only complete this section if you are applying for quotation
of securities

     
34. Type of securities (tick one)

    (a)    Securities described in Part 1

    (b) X  All other securities

Example: restricted securities at the end of the escrowed period, 
partly paid securities that become fully paid, employee incentive 
share securities when restriction ends, securities issued on expiry
or conversion of convertible securities

    Entities that have Ticked Box 34(a)

    Additional Securities Forming a New Class of Securities
    (If the additional securities do not form a new class, go to 43)

    Tick to indicate you are providing the information or documents

35.     If the securites are equity securities, the names of
        the 20 largest holders of the additional securities,
        and the number and percentage of additional securities
        held by those holders

36.     If the securites are equity securities, a distribution
        schedule of the additional securities setting out the 
        number of holders in the categories
         1 - 1,000
         1,001 - 5,000
         5,001 - 10,000
         10,001 - 100,000
         100,001 - and over

37.    A copy of any trust deed for the additional securities
(now go to 43)

    Entities that have Ticked Box 34 (b)

     
38. Number of securities for which      18,000,000
    quotation is sought                                             

39. Class of securities for which       Fully paid ordinary shares
    quotation is sought                                             

40. Do the securities rank equally      Yes - with fully paid
    in all respects from the date       ordinary shares
    of allotment with an existing                                   
    class of quoted securities                                      

    If the additional securities do                                 
    not rank equally, please state:                                 
    * the date from which they do                                   
    * the extent to which they                                      
      participate for the next                                      
      dividend, (in the case of a                                   
      trust, distribution) or interest                              
      payment                                                       
    * the extent to which they do not                               
      rank equally, other than in                                   
      relation to the next dividend,                                
      distribution or interest payment                              

41. Reason for request for              End of restriction period
    quotation now                                                   
    Example: In the case of restricted                              
    securities, end of restriction                                  
    period                                                          

    (If issued upon conversion of                                   
    another security, clearly identify                              
    that other security)                                            

                                       NUMBER  CLASS
42. Number and class of all       472,585,856  Fully paid ordinary
    securities quoted on                       shares
    ASX (including the                                              
    securities in clause 38)                                        
                                                                    

(now go to 43)

ALL ENTITIES

Fees

43. Payment method (tick one)

       Cheque attached

       Electronic payment made
       Note: Payment may be made electronically if Appendix 3B is 
             given to ASX electronically at the same time.
    
       Periodic payment as agreed with the home branch has been 
       arranged
       Note: Arrangements can be made for employee incentive 
             schemes that involve frequent issues of securities.

QUOTATION AGREEMENT

1.  Quotation of our additional securities is in ASX's absolute 
    discretion. ASX may quote the securities on any conditions it 
    decides.

2.  We warrant the following to ASX.

    *   The issue of the securities to be quoted complies with the
        complies with the law and is not for an illegal purpose.

    *   There is no reason why those securities should not be granted
        quotation.

    *   An offer of the securities for sale within 12 months after 
        their issue will not require disclosure under section 707(3)
        or section 1012C(6) of the Corporations Act.

    *   Section 724 or section 1016E of the Corporations Act does not
        apply to any applications received by us in relation to any 
        securities to be quoted and that no-one has any right to 
        return any securities to be quoted under sections 737, 738 or
        1016F of the Corporations Act at the time that we request that 
        the securities be quoted.

    *   We warrant that if confirmation is required under section 
        1017F of the Corporations Act in relation to the securities to 
        be quoted, it has been provided at the time that we request
        that the securities be quoted.

    *   If we are a trust, we warrant that no person has the right to 
        return the securities to be quoted under section 1019B of the 
        Corporations Act at the time that we request that the 
        securities be quoted.
        
3.  We will indemnify ASX to the fullest extent permitted by law in
    respect of any claim, action or expense arising from or connected
    with any breach of the warranties in this agreement.

4.  We give ASX the information and documents required by this form.
    If any information or document not available now, will give it to
    ASX before quotation of the securities begins. We acknowledge that
    ASX is relying on the information and documents. We warrant that
    they are (will be) true and complete.


D McArthur 
COMPANY SECRETARY
15/05/2002