Telco Australia Ltd Takeover Offer

Dear Shareholder

On 5 July 2000, Telco Australia Ltd announced its intention to make a
takeover offer for 80 per cent of the issued ordinary shares in Market
Faxts Limited. A copy of Telco Australian's announcement is attached.

Your Directors are obtaining professional advice on the Telco Australia
offer, and have appointed Deutsche Bank AG and Middletons Moore &
Bevins as advisers to the company.

Your Directors will furnish you with their detailed views in due course.

In the meantime, you are advised to take no action with regard to the
Telco Australia offer.

Should you have any queries regarding the takeover offer, please contact
the Company Secretary, Mr Salman Haq, on (02) 9247 6788. Alternatively,
you can visit the company's website at

Yours sincerely
John Mullen
Market faxts Limited

For more information:
Chris Gosselin
Chief Executive Officer
InfoChoice Limited
PH: [02] 9247-6788
MOBILE: [0411] 537 830

Tim Allerton
City Public Relations
PH: [02] 9281 7272 is Australia's
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