ntg - what price tomorrow, page-12

re: directors buying more NATIONAL TELECOMS GROUP LIMITED 2003-01-09 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
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 17/12/2002


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

Direct or indirect interest Indirect

Nature of indirect interest
(including registered holder) Purchase of shares by
Danewell Pty Ltd (Family
Investment Company)

Date of change 06/01/2003 & 07/01/2003

No. of securities held prior
to change 500,000 Options
exercisable at $1.00 (Held
by Morry Fraid)

10,630,000 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 1,116,441

Number disposed Nil

Value/consideration $139,555.13

No. of securities held after
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)

Nature of change On-market trades


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

Detail of contract N/A

Nature of direct interest N/A

Name of registered holder
(if issued securities) N/A

Date of change N/A

No. and class of securities to which
interest related prior to change N/A

Interest Acquired N/A

Interest disposed N/A

Value/consideration N/A

Interest after change N/A