TELSTRA GROUP LIMITED — Capital/Financing Update 2014

Nov 5, 2014

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6 November 2014

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

Autohome Inc. proposed primary and secondary ADS offering

In accordance with the Listing Rules, I attach a copy of a media release, for release to the market.

Yours faithfully

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Damien Coleman Company Secretary

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

MEDIA RELEASE

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Autohome Inc. announces proposed primary and secondary offering of ADSs

6 November 2014 – Autohome Inc. (“Autohome”) (ATHM on the New York Stock Exchange) yesterday filed a registration statement with the United States Securities and Exchange Commission (“SEC”) for a proposed sale of American Depositary Shares (“ADSs”) including by Autohome and Telstra (through a Telstra wholly owned subsidiary).

Each ADS represents one Class A ordinary share of Autohome.

On completion of the sale, Telstra will continue to hold a controlling shareholding in Autohome which is expected to be about 57 per cent*.

Telstra CFO Andrew Penn said Autohome remains an important part of Telstra’s Asia strategy.

“The proposed sale will be beneficial for Autohome as it will increase its free float and provide capital to Autohome to pursue new growth initiatives,” Mr Penn said.

*This percentage does not take into account: (a) the underwriters’ option to purchase additional shares; and (b) shares that Autohome has reserved but not granted, or options that have been granted but not exercised, pursuant to Autohome’s employee equity compensation plans.

Media contact: Nicole McKechnie, +61 (0) 429 004617 Email: media@team.telstra.com Ref number: 220/2014

Autohome’s registration statement relating to these securities has been filed with the United States Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement does not constitute an offer to sell or a solicitation of an offer to buy the securities nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A form of the preliminary prospectus for the offering, when available, may be obtained from Autohome.

This announcement contains statements that may constitute “forward-looking” statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates” and similar statements. Statements that are not historical facts, including statements about Telstra’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Such forwardlooking statements are based on numerous assumptions regarding the present and future business strategies of Telstra. All information provided in this announcement is as of the date of this announcement, and Telstra does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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