TELSTRA GROUP LIMITED — Director's Dealing 2005

Jul 14, 2005

15 July 2004

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

AMENDED Appendix 3y - Change in Directors' Interest Notice.

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

Previous Appendix 3y lodgements made on behalf of Mr John Ralph contained an administrative error and incorrectly stated the number of indirect shares held by him. A form correcting the error is attached.

Yours sincerely

North brake

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.

Name of Director	JOHN RALPH
Date of last notice	25 FEBRUARY 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 INDIRECT INTERESTS ONLY
Nature of indirect interest	JOHN RALPH NATIONAL PRIVATE
(including registered holder)	SUPERANNUATION FUND
Note: Provide details of the circumstances giving rise to the relevant interest.
	N/A
Date of change
No. of securities held prior to change	$DIRECT - 1,000$
	$INDIRECT - 78,541$
Class	ORDINARY
Number acquired	N/A
Number disposed	NIL
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	$DIRECT - 1,000$
	$INDIRECT - 82,541$
Nature of change	CORRECTING AN ADMINISTRATIVE
Example: on-market trade, off-market trade, exercise of options,	ERROR IN PREVIOUS ANNOUNCMENTS
issue of securities under dividend reinvestment plan,	UNDERSTATING NUMBER OF SHARES
participation in buy-back	HELD INDIRECTLY IN SUPER FUND.

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