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Change of Director`s Interest Notice

Document date: Mon 13 Jan 2003 Published: Mon 13 Jan 2003 17:22:05
Document No: 285122 Document part: A
Market Flag: N
Classification: Change of Director's Interest Notice
NATIONAL TELECOMS GROUP LIMITED 2003-01-13 ASX-SIGNAL-G

HOMEX - Sydney

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CHANGE OF DIRECTOR'S INTEREST NOTICE


Name of Company National Telecoms Group Limited

ABN 48 094 312 704

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 Mr Morry Fraid

Date of last notice 08/01/2003


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

Direct or indirect interest Indirect

Nature of indirect interest
(including registered holder)

1. Purchase of shares by Danewell Pty Ltd (Family Investment Company)

2. Purchase of shares by Zacmore Nominees Pty Ltd (Family Investment
Company)

Date of change 10/01/2003
16/12/2002

No. of securities held prior
to change

500,000 Options exercisable at $1.00 (held by Morry Fraid)

11,746,441 ordinary shares (held by Danewell Pty Ltd - Family
Investment Company)

2,450,000 ordinary shares (held by Monit Nominees Pty Ltd - Fraid
Family Trust)

Class Ordinary shares

Number Acquired 1. 684,270
2. 600,000

Number disposed Nil

Value/consideration 1. $95,045.10
2. $140,250.00

No. of securities held after
change

500,000 Options exercisable at $1.00 (held by Morry Fraid)

12,430,711 Ordinary shares (held by Danewell Pty Ltd - Family
Investment Company)

2,450,000 Ordinary shares (held by Monit Nominees Pty Ltd - Fraid
Family Trust)

600,000 ordinary shares (held by Zacmore Nominees Pty Ltd - Family
Investment Company)

Nature of change On market trades


Part 2 - Change of director's relevant interests in contracts N/A