TELSTRA GROUP LIMITED — Board/Management Information 2006

Feb 9, 2006

10 February 2006

The Manager

Company Announcements Office Australian Stock Exchange 4^th Floor, 20 Bridge 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

Resignation of Mr John Fletcher

In accordance with the listing rules, I attach a copy of an announcement for release to the market.

Yours sincerely

Pont brake

Douglas Gration Company Secretary

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

Media Release

10 February 2006

024/2006

Resignation of Mr John Fletcher

Telstra chairman, Donald McGauchie AO, today announced that the Board had accepted the resignation of Mr John Fletcher.

On behalf of all directors, Mr McGauchie thanked Mr Fletcher for his many and substantial contributions to Telstra over the past five years.

"John Fletcher has been an outstanding director for many years, and his experience and insight have been invaluable at a time of increasing competition and technological change in the telecommunications industry," Mr McGauchie said.

The Board vacancy created by the resignation of Mr Fletcher will be filled along with other vacancies.

Telstra is well advanced in the process of identifying appropriate candidates who have international and domestic business experience and capabilities that are appropriate for the company's needs.

"The process for reviewing candidates includes giving attention to new needs owing to continuing uncertainty around key regulatory decisions, the development of Telstra's new strategy, and the potential full privatisation of Telstra," Mr McGauchie said.

"These matters are highly relevant to the needs of the company in a rapidly changing environment," Mr McGauchie said.

Mr Fletcher joined Telstra as a non-executive Director in November 2000. He was also a member of the Nomination Committee and the Remuneration Committee.

Mr Fletcher's resignation will be effective 30 June 2006.

Telstra Media Contact: Andrew Maiden Tel: 02 9298 5259

Telstra's national media inquiry line is 1300 769 780 and the Telstra Media Centre is located at: www.telstra.com.au/abouttelstra/media