TELSTRA GROUP LIMITED — Capital/Financing Update 2014

May 4, 2014

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2 May 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

Hong Kong Regulatory consent for the sale of CSL

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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Hong Kong regulatory consent for the sale of CSL

Friday 2 May 2014 - Telstra today confirmed regulatory consent for the sale of its Hong Kong joint venture mobiles business, CSL to HKT Limited.

The Office of the Communications Authority in Hong Kong has issued consent to the sale, together with a number of directions to HKT and CSL.

With the issuing of this consent, all conditions precedent to completion of this sale are met. The sale is expected to complete in May 2014.

Read Telstra’s original announcement of this deal by following the link.

ENDS

Media contact: Nicole McKechnie, +61 (0) 429 004617 Email: media@team.telstra.com Ref number: 67/2014

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