TELSTRA GROUP LIMITED — Director's Dealing 2008

Jun 16, 2008

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17 June 2008

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 Director’s interest Notice

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

The change to the Director’s holdings in Telstra Corporation Limited represent the conversion of Instalment Receipts to Fully Paid Ordinary shares on payment of final instalment and allotment of loyalty bonus shares.

Regards

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Carmel Mulhern 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	CATHERINE LIVINGSTONE
Date of last notice	5 MARCH 2008

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 AND INDIRECT INTERESTS.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	SUPERANNUATION FUND
Date of change	10 JUNE 2008
No. of securities held prior to change	DIRECT – 7,147 (FPO) &10,000 (IR) INDIRECT – 46,698 (FPO) & 10,000 (IR)
Class	ORDINARY
Number acquired	800 BONUS LOYALTY SHARES
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$32,000 (final payment for 20,000 instalment receipts)
No. of securities held after change	DIRECT – 17,547 (FPO) INDIRECT – 57,098(FPO)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CONVERSION OF IRs TO FPOs ON PAYMENT OF FINAL INSTALMENT AND ALLOTMENT OF LOYALTY BONUS SHARES.

Part 2 – Change of director’s interests in contracts NIL

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	CHARLES MACEK
Date of last notice	5 MARCH 2008

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.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	SUPERANNUATION FUND
Date of change	10 JUNE 2008
No. of securities held prior to change	DIRECT – 5,568 (FPO) INDIRECT – 63,810 (FPO) & 70,000 (IR)
Class	ORDINARY
Number acquired	2,000 BONUS LOYALTY SHARES
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$112,000 (final payment for 70,000 instalment receipts)
No. of securities held after change	DIRECT – 5,568 (FPO) INDIRECT –135,810(FPO)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CONVERSION OF IRs TO FPOs ON PAYMENT OF FINAL INSTALMENT AND ALLOTMENT OF LOYALTY BONUS SHARES.

Part 2 – Change of director’s interests in contracts

NIL

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	DONALD MCGAUCHIE
Date of last notice	5 MARCH 2008

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 INTEREST ONLY.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	10 JUNE 2008
No. of securities held prior to change	DIRECT – 9,479 (FPO) & 27,800 (IR) INDIRECT – 96,814 (FPO)
Class	ORDINARY
Number acquired	1,112 BONUS LOYALTY SHARES
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$44,480 (final payment for 27,800 instalment receipts)
No. of securities held after change	DIRECT – 38,391 (FPO) INDIRECT – 96,814(FPO)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CONVERSION OF IRs TO FPOs ON PAYMENT OF FINAL INSTALMENT AND ALLOTMENT OF LOYALTY BONUS SHARES.

Part 2 – Change of director’s interests in contracts NIL

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	JOHN STOCKER
Date of last notice	28 APRIL 2008

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.	SUPERANNUATION FUND
Date of change	10 JUNE 2008
No. of securities held prior to change	DIRECT – 18,114 (FPO) INDIRECT – 109,264 (FPO) & 24,150 (IR)
Class	ORDINARY
Number acquired	966 BONUS LOYALTY SHARES
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$38,640 (final payment for 24,150 instalment receipts)
No. of securities held after change	DIRECT – 18,114 (FPO) INDIRECT – 134,380(FPO))
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CONVERSION OF IRs TO FPOs ON PAYMENT OF FINAL INSTALMENT AND ALLOTMENT OF LOYALTY BONUS SHARES.

Part 2 – Change of director’s interests in contracts NIL

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	SOLOMON TRUJILLO
Date of last notice	24 NOVEMBER 2006

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	10 JUNE 2008
No. of securities held prior to change	DIRECT – 250,000 (IR) INDIRECT – NIL
Class	ORDINARY
Number acquired	N/A
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$400,000 (final payment for 250,000 instalment receipts)
No. of securities held after change	DIRECT – 250,000 (FPO) INDIRECT – NIL
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CONVERSION OF IRs TO FPOs ON PAYMENT OF FINAL INSTALMENT

Part 2 – Change of director’s interests in contracts

NIL

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	PETER WILLCOX
Date of last notice	5 MARCH 2008

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.	SUPERANNUATION FUND
Date of change	10 JUNE 2008
No. of securities held prior to change	DIRECT – NIL INDIRECT – 54,836 (FPO) & 12,500 (IR)
Class	ORDINARY
Number acquired	500 BONUS LOYALTY SHARES
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$20,000 (Final payment for 12,500 instalment receipts)
No. of securities held after change	DIRECT – NIL INDIRECT – 67,836(FPO)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	CONVERSION OF IRs TO FPOs ON PAYMENT OF FINAL INSTALMENT AND ALLOTMENT OF LOYALTY BONUS SHARES.

Part 2 – Change of director’s interests in contracts

NIL