TELSTRA GROUP LIMITED — Board/Management Information 2011

Jun 28, 2011

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29 June 2011

The Manager

Company Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street SYDNEY NSW 2000

Office of the Company Secretary

Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA

General Enquiries 08 8308 1721 Facsimile 03 9632 3215

ELECTRONIC LODGEMENT

Dear Sir or Madam

CFO John Stanhope to retire

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

Regards

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Carmel Mulhern

Company Secretary

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

MEDIA RELEASE

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CFO John Stanhope to retire

Telstra today announced that Chief Financial Officer, John Stanhope, will retire on 30 December 2011.

Chief Executive Officer David Thodey said that Mr Stanhope’s career had spanned more than four decades, during which the organisation and the entire telecommunications industry had been transformed.

“John’s contribution to the company for more than 40 years has been enormous. He is a genuine leader in the industry and a valued leader in our company. On behalf of his colleagues we sincerely thank him and wish him the very best for the future,” Mr Thodey said.

“John Stanhope has been a driving force in landmark events including privatisation and the conclusion last week of definitive agreements with the NBN Co and Federal Government.

“We look forward to him continuing to play a critical role as we seek shareholder approval for Telstra’s participation in the National Broadband Network.”

Mr Thodey said that Telstra continuously reviewed potential candidates for key roles including CFO and had commenced a rigorous process to formally consider Mr Stanhope’s replacement.

Mr Stanhope said he was proud of his contribution to Telstra and looked forward to the completion of the NBN process at the end of 2011.

“I am grateful for the opportunity to have been part of a great company for more than four decades, especially given the degree of change over that time,” Mr Stanhope said.

“Above all, Telstra has wonderful people and assets, and I am confident that the company’s future is extremely bright.

“I look forward to continuing to play a significant role in the coming months as we seek shareholder approval for Telstra’s participation in the National Broadband Network.”

Since joining Telstra in 1967, Mr Stanhope has held a number of operational roles and senior financial management positions including Director, Finance. In this role, which he assumed in 1995, he contributed to the T1 and T2 share sales, cost reduction programs, growth strategies, debt raising, capital management and organisational restructures.

In his current role as CFO and Group Managing Director, Finance & Administration, Mr Stanhope has managed Telstra’s involvement in the Federal Government’s T3 sale of Telstra shares, and the conclusion of definitive agreements with the Federal Government and NBN Co that will be subject to a shareholder vote in late 2011.

Mr Stanhope will also retire as a director of the Telstra Board on 30 December 2011.

Media contact: Andrew Maiden (02 6129 4002) Email: media@team.telstra.com - www.telstra.com.au/abouttelstra/media centre/ Reference: 179/2011

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