NetComm Limited advises that its Managing Director, Mr David Stewart, has acquired a further 2,375,656 additional shares via his superannuation fund. This represents 3% of the overall capital of NetComm Limited.

NetComm Limited advises that its Managing Director, Mr David Stewart, has acquired a further 2,375,656 additional shares via his superannuation fund. This represents 3% of the overall capital of NetComm Limited.

Under the Corporations Act, a majority shareholder is only permitted to increase his shareholding by a total of 3% over a six month period. Mr Stewart has reached his 3% as at May 31 st 2007 and now has a 28.6% shareholding in the company.