TELSTRA GROUP LIMITED — Director's Dealing 2015

Aug 16, 2015

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17 August 2015

The Manager

Market 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 30/09/01 Amended 01/01/11

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	ANDREW RICHARD PENN
Date of last notice	5 MAY 2015

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 and Indirect Interests
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Movement of Performance Rights and Restricted Shares held by the Growthshare Trust under various Employee Incentive Plans
Date of change	14 and 17 August 2015
No. of securities held prior to change	Ordinary Shares: Direct: 222,233 Indirect: 172,746 Performance Rights:1,469,254
Class	Ordinary Shares Performance Rights over Ordinary Shares
Number acquired	502,678 Restricted Shares (FY13 LTI Performance Rights vested)
Number disposed	85,248 Performance Rights lapsed (FY13 LTI) 502,678 Performance Rights vested into Restricted Shares (FY13 LTI)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil (all changes occurred under the company’s STI and LTI Plans)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Ordinary Shares: Direct: 302,018 Indirect: 595,639 Performance Rights: 881,328

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

The movement of Performance Rights and Restricted Shares held by the Growthshare Trust and Ordinary Shares as set out below: • The release of 45,624 Restricted Shares being the balance of the 2013 STI Deferral Plan (held in Trust) to Ordinary Shares (directly held). • The release of 34,161 Restricted Shares being 50% of the 2014 STI Deferral Plan (held in Trust) to Ordinary Shares (directly held). • The vesting of 502,678 Performance Rights from the FY13 LTI Plan as Restricted Shares (held in Trust). • The lapse of 85,248 Performance Rights under the FY13 LTI Plan.

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.

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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
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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.

01/01/2011 Appendix 3Y Page 3