TELSTRA GROUP LIMITED — Capital/Financing Update 2019

Aug 29, 2019

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30 August 2019

Office of the Company Secretary

Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA

The Manager

General Enquiries 03 8647 4838 Facsimile 03 9650 0989

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

ELECTRONIC LODGEMENT

Dear Sir or Madam

Telstra reviewing impact of NBN Co’s Corporate Plan 2020 on FY20 outlook

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

Yours faithfully

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Sue Laver

Company Secretary

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

MARKET RELEASE

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Telstra reviewing impact of NBN Co’s Corporate Plan 2020 on FY20 outlook

Friday 30 August – NBN Co’s Corporate Plan 2020 announced today requires Telstra to review the impact of the changes to the nbn roll out and migration on Telstra’s FY20 guidance.

Telstra’s FY20 guidance provided to the market on 15 August 2019 was predicated on NBN Co’s previous Corporate Plan 2019 and assumed the nbn rollout and migration in FY20 would be broadly in accordance with the 2019 plan.

NBN Co’s Corporate Plan 2020 provides updated information regarding their outlook for FY20, including a reduction in the total number of premises forecast to be connected during FY20 from 2 million to 1.5 million.

Telstra anticipates providing an update to the market on its own FY20 outlook early next week once this assessment is complete.

-ends-

Media contact: Jon Court M: +61 (0) 408 423 516 E: media@team.telstra.com

Investor contact: Ross Moffat M: +61 (0) 475 828 700 E: investor.relations@team.telstra.com

Reference number: 084/2019

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