Commitments Test Entity - Fourth Quarter Report

POCKETMAIL GROUP LIMITED                      2002-07-30  ASX-SIGNAL-G

HOMEX - Sydney                                                        

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PocketMail Group Limited (ASX: PKT), leading worldwide provider of
affordable mobile e-mail services, released its Statement of Cash
Flows for the quarter ended 30 3une 2002.

FINANCIAL RESULTS

Total receipts from customers for the quarter were $3.1 million,
representing a small decrease (6%) over the March quarter, and a 40%
increase over same quarter last year.

Total receipts from subscription services were $2.3 million a 40%
decrease from the March quarter ($3.1 million) and a 28% increase
over the same quarter last year. The decrease from last quarter is
consistent with seasonal subscription renewal patterns.

The company had a net cash deficiency from operations in the quarter
of $1.71 million. However, significant non re-occurring expenditure
was incurred. This included repayment of interest accrued on loans
($0.57 million), refundable deposits made to credit card clearing
providers ($0.43 million) and reduction of trade creditors
($0.20 mill). If these additional payments had not been made the
company would have had a net operating deficit of $0.51 million.

Most of previous the difficulties obtaining consistent supplies of
PocketMail devices have been resolved. This resulted in a 270%
improvement in device receipts to $0.80 million for the quarter.
(March quarter receipts were $0.3 million).

During the quarter the Company raised $0.615 million in new equity
from the placement of shares. Since 16 October 2001 the company has
raised $8.57 million in equity.

During the quarter the company has also raised an additional $1.49
million in debt from shareholders.

Funds have been used to retire older debt and reduce creditors.

For further information, please contact:

David Marchant 
CEO PocketMail 
Tel: 02 9234 0000 
Fax: 02 9233 8370
Mobile: 0419 231 806 
E-mall: david.marchant@pkt.com.au

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