TELSTRA GROUP LIMITED — Director's Dealing 2004

Jul 12, 2004

13 July 2004

The Manager

Company Announcements Office Australian Stock Exchange 10th Floor, 20 Bond Street SYDNEY NSW 2000

Office of the Company Secretary

Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA

Telephone 03 9634 6400 Facsimile 03 9632 3215

ELECTRONIC LODGEMENT

Dear Sir or Madam

Appendix 3Y - Change of Directors' Interest Notice Amended Notice for Mr Charles Macek and Ms Catherine Livingstone

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

The attached Appendix 3Y for Mr Macek and Ms Livingstone are being lodged to reflect a recent change to the trustee of a super fund and a previous overstatement of indirect holdings of 400 shares.

North Grahi

Douglas Gration Company Secretary

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

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001. Name of entity TELSTRA CORPORATION LIMITED

ABN 33 051 775 556

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

rector	CHARLES MACEK
Date of last notice	26 FEBRUARY 2004

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest	CHANGE TO INDIRECT INTERESTS ONLY
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change	CHANGE OF TRUSTEE FOR EXCALIBUR NATIONAL PRIVATE SUPER FUND TO KATHMANDU INVESTMENTS PTY LTD NOT APPLICABLE
No. of securities held prior to change	DIRECT-NIL INDIRECT-39,462
Class	ORDINARY
Number acquired	NOT APPLICABLE
Number disposed	NOT APPLICABLE
Value/Consideration onsideration is non-cash, provide details and estimated valuation	NOT APPLICABLE
No. of securities held after change	DIRECT-NIL INDIRECT-39,462
Nature of change on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CHANGE TO TRUSTEE OF SUPERANNUATION FUND.

Part 2 - Change of director's interests in contracts NIL

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity TELSTRA CORPORATION LIMITED ABN 33 051 775 556

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

rector	CATHERINE LIVINGSTONE
Date of last notice	26 FEBRUARY 2004

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	CHANGE TO INDIRECT INTERESTS ONLY
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	READJUSTMENT TO INDIRECT HOLDINGS. PREVIOUSLY OVERSTATED BY 400 SHARES.
Date of change	NOT APPLICABLE
No. of securities held prior to change	DIRECT-10,400 INDIRECT $-16,041$
Class	ORDINARY
Number acquired	NOT APPLICABLE
Number disposed	NOT APPLICABLE
Value/Consideration onsideration is non-cash, provide details and estimated valuation	NOT APPLICABLE
No. of securities held after change	DIRECT-10,400 $INDIRECT - 15,641$
Nature of change on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	ADJUSTMENT OF INDIRECT SHARES - PREVIOUSLY OVER STATED.

Part 2 - Change of director's interests in contracts NIL