TELSTRA GROUP LIMITED — Director's Dealing 2005

Nov 10, 2005

11 November 2005

The Manager

Company Announcements Office Australian Stock Exchange 4^th Floor, 20 Bridge 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 in Directors' Interest Notice

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

The appendix 3y is lodged to reflect recent changes undertaken to Ms Hutchinson's holdings by reason of reinvesting special dividends. The late lodgement of this notice was due to an administrative oversight.

Yours sincerely

North brake

Douglas Gration Company Secretary

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

Rule 3.19A.2

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.

Name of Director	BELINDA HUTCHINSON
l Date of last notice	23 AUGUST 2005 -----------------------------

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 DIRECT INTERESTS ONLY
Nature of indirect interest	PURCHASE OF ADDITIONAL SHARES -
(Including registered holder)	GEARED EQUITIES INVESTMENT
Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	MOST RECENT CHANGE - 23 SEPTEMBER 2005
No. of securities held prior to change	DIRECT-37,111
	INDIRECT-32,289
Class	ORDINARY
Number acquired	1,226
Number disposed	NIL
Value/Consideration	MOST RECENT CONSIDERATION \$4.32 PER
Note: If consideration is non-cash, provide details and estimated valuation	SHARE
No. of securities held after change	DIRECT - 38,337
	INDIRECT - 32,289
Nature of change	CUMULATIVE PURCHASE OF ADDITIONAL
Example: on-market trade, off-market trade, exercise of options,	SHARES FROM PROCEEDS OF SPECIAL
issue of securities under dividend reinvestment plan, participation in buy-back	DIVIDENDS.

Part 2 - Change of director's interests in contracts NII.