TELSTRA GROUP LIMITED — Capital/Financing Update 2014

Feb 27, 2014

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28 February 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

Telstra completes sale of majority stake in Sensis

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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Telstra completes sale of majority stake in Sensis

Friday 28 February 2014 - Telstra today announced it had completed the sale of a 70 per cent stake in Sensis to Platinum Equity and received proceeds of A$454 million.

This followed recent confirmation by the Foreign Investment Review Board that it had no objections to the sale.

As outlined when Telstra first announced the proposed deal on 13 January 2014:

• The sale excludes the voice services business which is retained by Telstra. In addition there are economic benefits to Telstra from services it will continue to provide to Sensis.

• The sale proceeds of A$454million are incremental to Telstra’s FY14 free cashflow guidance of A$4.6billion to A$5.1billion.

• Telstra expects to book an accounting loss on Sensis of approximately A$150 million of which A$100million was booked in the December 2013 half year results. The balance of the loss which remains subject to completion adjustments will be accounted for in the second half of FY14.

Telstra will now consider the net proceeds from this transaction, consistent with its capital management framework.

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

ENDS

Media contact Telstra: Nicole McKechnie, +61 (0) 429 004617 Email: media@team.telstra.com

Ref number: 40/2014

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