Malone increases shareholding

Document date: Wed 14 Aug 2002 Published: Wed 14 Aug 2002 15:14:47
Document No: 221351 Document part: A
Market Flag: N
Classification: Change of Director's Interest Notice
NEW TEL LIMITED 2002-08-14 ASX-SIGNAL-G

HOMEX - Perth

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CHANGE OF DIRECTOR'S INTEREST NOTICE


Name of Company New Tel Limited

ABN 85 009 068 955

We (the entity) give the ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of section
205G of the Corporations Act.

Name of Director Peter Francis Malone

Date of last notice 01/01/2002


Part 1 - Change of director's relevant interests in securities

Direct or indirect interest Indirect

Nature of indirect interest
(including registered holder) PFM Securities Pty Ltd

Date of change 09/08/2002

No. of securities held prior
to change 1,228,500

Class Ordinary shares

Number Acquired 271,500

Number disposed -

Value/consideration $34,607

No. of securities held after
change 1,500,000

Nature of change On-market purchase