Annual Financial Results 30 June 2005

1. Annual Financial Results 30 June 2005

2. Unwired: leading the world • Leading wireless broadband carrier: • Successful launch and brand established from August 2004 • Largest network of its type in the world delivered in record time and on budget – 72 towers covering 2000 sq. km/3.5 million people • More than 28,000 customers in just over 10 months – offering wireless VoIP and internet access • Transitioned to full commercial operations, 79 staff, all back office systems in place: • Revenue $13.2 million with customer numbers growing from a very small base from August • Net loss $40.77 million reflected business transition • On track for solid growth in a market ready for new technologies 2

3. Unwired today • Anticipate strong revenue growth for future quarters as we continue to expand the business. We are in an excellent position for the future: • $37 million Intel investment shores up expansion to other cities around Australia • Spectrum swap with Austar sees Unwired holding the 2.3GHz and 3.5GHz spectrum for all major metropolitan areas • The 2.3GHz/3.5GHz spectrum bands are at the core of the WiMAX mobile standard • Sponsorship of Alan Jones Show on 2GB pivotal to marketing strategy to broaden target audience beyond early adopters. Jones undisputed Sydney talkback King • VoIP strategy to partner with software providers on track with Freshtel partnership announcement August 05 • Now testing a PCMCIA (PC) card and will make a decision on likely timing for launch when this testing is complete • Best positioned for future wireless broadband standard – WiMAX 3

4. National coverage 4

5. Unwired marketing & sales • New marketing campaign launched August 05 • Channel split: Retail 64%, direct 30%, wholesale 6% • ‘Plug & play’ nature of Unwired’s service has huge appeal to most successful channel – retail • Recent retail agreement with distributor Tecksel targets the SME market • More than 110 retail outlets across Sydney 5

6. Unwired Group Ltd Financial results for full year ending 30 June 2005

7. Financial performance summary to 30 June 2005 7

8. Revenue and ARPU 8

9. Financial results – trends by half year 9

10. Operating expenses – trends by half year 10

11. Balance sheet 30 June 2005 11

12. The future - WiMAX

13. Wireless broadband future: WiMAX • Wireless broadband growth accelerating because of need for simplicity, portability, and continuing move towards mobile phones away from traditional home phone. Now 18 million mobiles in Australia compared to 10 million landlines • WiMAX will change the way people access data – moving it from a shared to personal device • WiMAX will deliver high speed data communications across wide distances • Benefits: mobility, global roaming, high speed access, and cheaper for companies to rollout networks • Momentum building – Intel, Disney, Samsung, Nokia, Microsoft, Sprint and British Telecom. Ratified as standard late 2005 • WiMAX ‘modems’ built into laptops planned for 2007 – PDAs to follow. PC cards, desktop modems, and phone lines eventually redundant for people in WiMAX areas 13

14. Intel/Unwired to accelerate WiMAX deployment • Intel to invest $37million in Unwired. In return it receives 82.2 million convertible notes with 45 cent conversion price • This investment means we can fast track our network rollout and launch the Unwired service in more Australian cities in 2006 • Both companies have also agreed to jointly promote wireless broadband capabilities using WiMAX networks in Australia • Unwired will adopt future Intel products that support the upcoming IEEE 802.16e for WiMAX solutions which will be found in both infrastructure equipment and notebooks 14

15. Unwired’s WiMAX advantage • Unwired/Austar best placed locally to transition to WiMAX • Unwired in unique position of having access to majority of WiMAX designated 3.5/2.3GHz bands in metropolitan Australia • Ability to obtain Navini base stations and CPEs that operate on current proprietary technology but can be easily upgraded to WiMAX in the future • With large amount of capacity we have we can operate existing proprietary technology and WiMAX based services concurrently – no disruption to existing customers • Special combiner technology from Navini means we can operate 2 base stations from same antenna – one proprietary, one WiMAX 15

16. The future 16

18. Strategic Financial Intel Capital Intel Capital Makes And Manages Financially Attractive Investments In Support Of Intel’s Strategic Objectives

19. Why Unwired? Deployment know-how and retail presence City-wide deployment approach Investment objective Advance WiMAX network deployment in Australia Showcase deployment model other countries should replicate Intel: Why Unwired?

20. The world is going wireless… INFRASTRUCTURE: Voice and Data Last Mile Wireless Backhaul Wireless Service Convergence ENTERPRISE: Unwired Offices and Factories Connected Mobile Devices Ubiquitous Wireless Connectivity CONSUMER: Wireless DSL (WiMAX) Voice / Data / Video Inter-Device communications (UWB) Streaming Video / 3D Gaming

21. Why WiMAX WiMAX Will Meet Emerging Customer Needs Established Customer Demand Broadband, but Fixed Mobile, but Narrowband Fixed & Mobile Data, Voice, Video