TELSTRA GROUP LIMITED — Board/Management Information 2004

Sep 7, 2004

8 September 2004

The Manager

Company Announcements Office Australian Stock Exchange 10th Floor, 20 Bond Street SYDNEY NSW 2000

Office of the Company Secretary

Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA

Telephone 03 9634 6400 Facsimile 03 9632 3215

ELECTRONIC LODGEMENT

Dear Sir or Madam

Telstra Announces Board Nominations

In accordance with the listing rules, attached is a copy of a media announcement for release to the market.

Yours sincerely

Pont book

Douglas Gration Company Secretary

Telstra Corporation Limited ACN 051 775 556 ABN 33 051 775 556

Media Release

304/2004

8 September 2004

Telstra Announces Board Nominations

Seven nominations for election to the Telstra Board of Directors have been received and will be voted on at the Annual General Meeting (AGM) to be held in Melbourne on Thursday, 28 October, Telstra Chairman, Mr Donald McGauchie, announced today.

Two of the nominations are from serving directors, Ms Belinda Hutchinson and Mr Charles Macek, who are retiring by rotation and standing for re-election. The Telstra Board recommends the re-election of these directors.

Mr Sam Chisholm will retire from the Board at the AGM and has not offered himself for reelection.

The other nominations are from Mr Leonard Cooper, Ms Megan Cornelius, Mr Paul Higgins, Mr Ange Kenos and Mr Mervyn Vogt.

Details of each nominee are:

Mr Leonard Cooper

Age 63, Victorian Secretary, CEPU – Communications Division (Telecommunications and Service Branch): Director, Victorian Electrical, Printing, Information and Communications (EPIC) State Training Advisory Board. Mr Cooper has trained in Telstra and worked as a Technician, Technical Officer, and Technical Instructor and has been associated with Telstra and telecommunications for his entire working life. Mr. Cooper actively assists the Telstra Shareholders Organisation (SHOT). Mr Cooper was formerly director of a job placement agency and is director of a training company specialising in the telecommunications and information industries.

Ms Megan Cornelius AM, BA, FAICD, FAIM, FACS

Age 58, Managing Director, Expertise Australia Pty Ltd and Expertise Technology Pty Ltd; Member, NSW Council of Australian Institute of Company Directors (AICD). University Council and Advisory Board of the National Offshore Petroleum Safety Authority (commencing January 2005); Fellow, University of Technology Sydney. Previous board positions held include Australia Post, Civil Aviation Safety Authority, Powercor, NSW Casino Control Authority, Information Industries Board, the Industries Research and Development Board, and Chairman of the NSW Information Industries Advisory Council.

Dr Paul Higgins, BV Sc, BAnim Sci, MSc, FAICD

Age 43, Chairman, Australian Pork Limited; Director, Auspork Limited and Director and Consultant, Emergent Futures Pty Ltd. Dr Higgins has had former roles as Director of the Australian Animal Health Council Pty Ltd and the Regional Enterprise Network (Central Victoria). Dr Higgins was also formerly Managing Director of the Daylesford Abattoir and Chairman of the Pork Council of Australia.

Ms Belinda Hutchinson (Director of Telstra since November 2001), BEc, FCA Age 51, Director, Energy Australia Limited, OBE Insurance Group Limited, St Vincent's and Mater Health Sydney Ltd and State Library of NSW. Consultant, Macquarie Bank Limited. Ms Hutchinson has a long association with the banking industry and has been associated with the Macquarie Bank since 1993. Ms Hutchinson was an Executive Director of Macquarie Bank and was previously a Vice President of Citibank Ltd.

Mr Ange Kenos

Age 48, Mr Kenos has served on the Boards of the RACV, the Royal Victorian Eye and Ear Hospital and was Vice Chairman of the SIO Consumer Appeals Council (Australia's first and only insurance ombudsman body). He is Vice President of the Australian Federation of Civil Celebrants, Vice President of the Australian National Flag Association (Vic) and has strong links to crime prevention and consumer representation. Mr Kenos is a former naval officer, and is an Olympic weightlifting coach.

Mr Charles Macek (Director of Telstra since November 2001), BEc, MAdmin, FSIA, FAICD, FCPA, FAIM

Age 57, Chairman, Sustainable Investment Research Institute Pty Ltd and Financial Reporting Council (FRC); Director, Vertex Capital Pty Ltd, Williamson Community Leadership Program Ltd and Wesfarmers Ltd; Victorian Councillor, Australian Institute of Company Directors. Former roles include 16 years as Founding Managing Director and Chief Investment Officer and subsequently Chairman of County Investment Management Ltd. He was also formerly Chairman and Director of IOOF Holdings Ltd and Centre for Eye Research Australia Ltd and a Director of Famoice Technology Pty Ltd. Mr Macek has had a long association with the finance and investment industry.

Mr Mervyn Vogt

Age 72, Past MACE and AIMM. Lecturer in Education, Educational Technology, Perception & Communication, Foundation Director Victorian Teachers Union (VTU) Credit Union, Vice-President VTU, Member of Victorian Curriculum Advisory Board, Member Victorian Universities and Schools Examination Board (VUSEB), State Executive Member Victorian Council of School Organisations (VICSSO), Convenor of Expert Committee on Educational Technology Planning. Employee of Telstra Corporation Ltd since 1994. Elected occupational health and safety representative.

The AGM will be held at the Melbourne Convention Centre, Corner Spencer and Flinders Street, Melbourne, on Thursday 28 October, from 10.30am.

The notice of meeting, proxy form, Annual Report and Annual Review will be sent to shareholders over the coming weeks. Shareholder inquiries should be directed to the Telstra Share Registrar on 1300 88 66 77.

Media inquiries Angela Martinkus $(03)$ 9634 5611 0408 997 420

Shareholder inquiries Telstra Share Registrar 1300 88 66 77

Telstra's national media inquiry line is 13 1639 and Telstra's Media Centre is located at: www.telstra.com.au/communications/media