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Appendix 4c - Quarter Ended 30 June 2003

PocketMail reports another quarter of strong financial results

EBITDA positive for fourth successive quarter;
Trade and other creditors reduced by more than $A 0.2 million;
Net operating cash flow surplus of $A 0.2 million before net reduction of creditors.

Sydney, Wednesday 23 April 2003 - PocketMail Group Limited (ASX:PKT), a leading provider of value-priced mobile e-mail services, today released its Statement of Cash Flows for the Quarter ended 30 June 2003.

Statement of Cash Flows

Total receipts from customers for the quarter was $A 1.7 million.

Before net reduction of creditors of $A 0.2 million, the Company generated a net operating cash flow surplus of $A 0.1 million.

After net reduction of creditors, there was a small net operating cash flow deficit of $A 0.1 million (March surplus, $A 0.3 million)

Other Financial Results

Earnings before interest, tax, amortisation and depreciation (EBITDA) were $A 0.2 million (March quarter $A 0.2 million). This was the company's fourth successive quarter of EBITDA profitability.

Comments

PKT Chief Executive, David Marchant, commented:

"We have now been trading profitably at the EBITDA level for four successive quarters. This continues the steady progress that we are making throughout the business. Our goal now is sustainable and increased profitability through revenue growth."

Click here to view the full Appendix 4c.

About PocketMail Inc.

PocketMail Group Limited (ASX:PKT) is a leading provider of value-priced, world-wide mobile e-mail services. The company's services are available locally throughout the United States, Canada, Western Europe and Australia, and internationally from every other country in the world. PocketMail has operations in Sydney, Australia in addition to its US operations in San Jose, California. For more information about PocketMail and its mobile e-mail services, please visit www.pocketmail.com

PocketMail Corporate Backgrounder

FOR IMMEDIATE RELEASE

Media Contacts:

David Marchant (CEO)
(408) 689-1241
San Jose, California
david.marchant@corp.
pocketmail.com

Richard Shaw (CFO)
+61 2 9955-0500
Sydney, Australia
richard.shaw@pkt.com.au

PR Contact:

Nanci Williams
Orloff/Williams
(408) 293-1791

About PocketMail:

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