4 February 2002

AUSTRALIAN STOCK EXCHANGE LIMITED

ISSUE OF SHARES FROM ENTITLEMENTS ISSUE SHORTFALL

The board of PocketMail Group Limited advise that 52,250,001 fully paid ordinary shares have been issued from shortfall from the recent entitlements issue at a price of 3 cents per share.

Pursuant to the Prospectus dated 18 October 2001, the directors have 3 months from the close of the offer (23 November 2001) in which to place the balance of the shortfall.

Yours faithfully

POCKETMAIL GROUP LIMITED

DAVID McARTHUR
Company Secretary