POWERTEL LIMITED RIGHTS ISSUE 17 JANUARY 2001

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POWERTEL LIMITEDRIGHTS ISSUE 17 JANUARY 2001
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RIGHTS ISSUE OVERVIEW

• 1 for 4 renounceable rights issue - 204.7m new
  shares
• Application price of 0.54 per new share
• To raise A110.6million
• Full participation by Williams and DTU
• Underwritten by Williams

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RIGHTS ISSUE TIMETABLE
Lodgement of Prospectus with ASIC and
announcement of rights issue Trading commences on
ASX Record date to determine entitlement Prospectu
s despatched to shareholders Last day for rights
trading Last day for acceptance and
payment Planned date for PowerTel preliminary
annual results release Allotment of new shares no
later than Trading commences for new shares no
later than
17 January 2001 22 January 2001 29 January
2001 1 February 2001 15 February 2001 22 February
2001 27 February 2001 15 March 2001 16 March 2001
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PURPOSE

• Together with 150m debt facility underwritten by
  JP Morgan and Toronto Dominion, funds to be used
  to
• Complete initial network rollout
• Expand network capacity and geographic coverage
• Repay 70m existing short term borrowing
• Fund ongoing operations including customer
  acquisition

Current business plan fully funded.
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THE PLATFORM

• 2400 km fibre based transmission network
• Includes CBD and Metro fibre
• Sydney 115 kms
• Melbourne 31 km
• Brisbane 18 km
• Gold Coast 126 km
• Points of presence in
• Adelaide and Perth
• Access to 336 buildings
• Operational and billing
• support systems
• complete

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OUR NETWORK. YOUR SOLUTION.

• Why our infrastructure delivers value
• ability to scale technology
• flexibility to customise solutions
• rapid service delivery
• not dependent on third party
• lower cost base as scale up

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POWERTEL CUSTOMERS
Approved reference sites
Min-Tech ? Limited

• New Sales Marketing Director appointed in
  August 2000
• 150 new medium to large corporate customers in
  2000 - majority since August
• Customers include Internet Service Providers,
  Mobile phone operators, Switchless Voice
  Resellers and Digital Subscriber Line Providers

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TARGET MARKET ACQUISITION

• Corporate, government and wholesale markets
• Target customers buildings - data / voice spend
  and requirements
• Direct sales approach
• Targeted promotion
• We understand who the customers are. We know
  where they are. We understand their spending
  profiles. We have the products they want.

• Wholesale segments
• Existing carriers
• DSL providers
• ISPs
• ASPs

• Corporate segments
• Banking and Finance
• Commercial
• Media IT
• Manufacturing Distribution

• Government segments
• Commonwealth
• Queensland
• New South Wales

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KEY DIFFERENTIATORS

• speed to market for new products
• service level agreements (speed of delivery)
• flexibility in solutions
• absolute customer focus
• scalability of network
• low cost of delivery

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STRUCTURE OF SALES FORCE

• PowerTel
• Sales (VIC, NSW, QLD) 50
• Marketing 25
• Customer Care 25
• Total 100

• Extension of Reach through Network Partners -
• Boeing Australia
• Cisco Systems
• Williams Communications
• Soul Pattinson
• Telecommunications
• UEComm
• Amcom

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PRODUCT TRANSITION
NOW
Phase I ATM Leased Line Frame Relay Voice
Phase III IP-VPN Internet International
Phase II DVS Managed Router
Service Telehousing Co-locate
Value Proposition
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NEW PRODUCTS ENHANCEMENTSTIMETABLE 2000-2001

• IM-ATM Enhancement
• Co-locate Enhancements (UPS Enhanced Security
• IP/VPN (CoS/UBB)
• Universal Reporting
• International Services (US-Aus)
• Remote VPN Dial
• Optical Wave
• 13/1800 services

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SUMMARY

• Industry experience
• Low cost infrastructure
• Scalable technology
• Targeted sales and marketing
• Superior customer service
• Earnings

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DISCLAIMER

• This PowerTel presentation has been prepared by
  PowerTel (ACN 001 760 103) (PowerTel) in
  connection with a proposed Renounceable Rights
  Issue of ordinary shares of PowerTel in Australia
  and New Zealand (the "Offer"). Chase Australia
  Securities Limited (ACN 003 309 822) trading as
  J.P. Morgan (J.P. Morgan) is the Lead Manager
  to the offering and will receive fees. This
  presentation and its contents have been
  distributed in confidence and may not be
  reproduced or disclosed to third parties without
  the written permission of J.P. Morgan.
• Any decision to purchase any securities of
  PowerTel should be made only on the basis of the
  Prospectus which has been lodged with Australian
  Securities and Investments Commission on 17
  January 2001. Applications can only be made on
  the Entitlement and Acceptance Form attached to
  the Prospectus. This presentation is not intended
  as an offer, invitation, solicitation or
  recommendation with respect to the purchase or
  sale of any securities. None of the ordinary
  shares of PowerTel offered pursuant to the Offer
  have been registered not will they be registered
  under the U.S. Securities Act of 1933, as
  amended, and such shares will be subject to
  certain transfer restrictions as discussed in the
  Prospectus.
• This presentation should not be relied upon as a
  representation of any matter that a potential
  investor should consider in evaluating PowerTel.
  Neither J.P. Morgan nor any of their directors,
  affiliates, agents, officers or employees make
  any representation or warranty, express or
  implied as to or endorsement of the accuracy or
  completeness of any information, statements,
  representations or forecasts contained in this
  presentation, nor will they be responsible for
  the consequences of reliance placed on any of the
  opinions or statements contained in this document
  and they do not accept any liability for any
  statement made in or omitted from this
  presentation.
• Neither this document nor any copy of this
  document may be taken or transmitted into the
  United States or distributed directory or
  indirectly, in the United States or to any U.S.
  Person (as defined under Regulation S of the U.S.
  Securities Act).

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