TELSTRA GROUP LIMITED — Director's Dealing 2013

Feb 26, 2013

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27 February 2013

The Manager

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

Office of the Company Secretary

Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA

General Enquiries 08 8308 1721 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.

Yours faithfully

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Damien Coleman Company Secretary

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

Appendix 3Y Change of Director’s Interest Notice

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 Amended 01/01/11

Name of entity	TELSTRA CORPORATION
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	DAVID THODEY
Date of last notice	8 November 2012

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

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	22 February 2013
No. of securities held prior to change	Ordinary Shares: Direct Nil Indirect 1,722,316 Performance Rights and Options: 4,956,575
Class	Ordinary Shares
Number acquired	252,174
Number disposed	239,564
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Option exercise price: $4.34 per Share. On-market price received per Share: $4.58 (applied to acquire Shares throughthe exercise ofOptions)
No. of securities held after change	Ordinary Shares: Direct 12,610 Indirect 1,722,316 Performance Rights and Options:4,704,401

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y

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Appendix 3Y Change of Director’s Interest Notice

Nature of change 252,174 Options under the Telstra FY 2008 Long Term Example: on-market trade, off-market trade, exercise of options, issue of Incentive Plan were exercised. Each Option had an exercise securities under dividend reinvestment plan, participation in buy-back price of $4.34 and an expiry date of 30 June 2013. 239,564 Shares were sold on-market (at a sale price of $4.58 per Share), with the proceeds applied to acquire 12,610 Shares (through the exercise of Options as above).

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract

Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed Interest acquired

Interest disposed

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 – Closed period

Were the interests in the securities or contracts detailed NO above traded during a closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/11 Appendix 3Y

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