TELSTRA GROUP LIMITED - Interim / Quarterly Report 2005

10/02/2005

Office of the Company Secretary

Company Announcements Office Australian Stock Exchange 4^th Floor, 20 Bridge Street SYDNEY NSW 2000

Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA

Telephone 03 9634 6400 Facsimile 03 9632 3215

Dear Sir or Madam

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

This Announcement has been released simultaneously to the New Zealand Stock Exchange.

North braking

Douglas Gration Company Secretary

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

Highlights of 1H 2004/05	cels
Strong Prom & free Costflow	Hadel Han NPAT 12 St (+9%), EPS 41% FCF (excluding asset sales / acquisitions) \$2.2b (+20%)
Capital Management Program	Full from led interim Orchhody Dividend Larps (1984) Fully Franked Special Dividend 6cps Progre Blue Back streegestuke conspieren
Improved Domestic Revenue Growth	Second quarter growth at 5% at tap and of 4-5% (arget band a consecutive quarters of the underhing growth Now approaching forecast linusary arountly
Broadband Lift Off	1.2m subscribers (4142%) because levels improving.
3G/4G Preparedness	36 GM IV malace, with vender contract concluded 3G: CDMA de EVDO) belho deployed 40 Milliotspot population incleasing
Telstra's fundamentals are strong	Maria Maria Maria Maria Maria Ma

Reported Results			Telstra
TERMON SACRE SERVERS (1984			X.
Sales Revenue	1046	11.28	78
EN	a Britânic	- 33	4f
APA I	229	2.3 _b	19
EPS (cents)	a ko	486 -	39
Ordinary DPS (cents)	12.0	340	77
Growth in EPS & DPS		. 1989 - Johann Maria Maria Barat a San A 3.

Underluing Results			a GIF
(fibilions except margins & FP),	Diffile,		$\mathbb{W}^{\mathbb{Z}}$
Sules Revenue	3 Q 46	10.95	zamin h. C
Underlying Domestic Sales Kevenue	Lm/g	1823	mmm 在气
Operating Expenses	5.35	与乌狗	mmmmm 38
EBITDA	MAG		$\mathcal{L} \rightarrow$
FBIT	$-46$	3.66	S.G
NPAT		EXECUTIVE	另包
Under yn a EPS	16.6	18.5	11.4
EBITDA Morgin (%)		ya S	10.24
EBIT Morgin (%)	49. SA	$\mathcal{A} \times \mathcal{A}$	0.3
Domestic Operating Capex (Incl.36)		de la provincia de la provincia del provincia del provincia del provincia del provincia del provincia del prov En la provincia del provincia del provincia del provincia del provincia del provincia del provincia del provin	33
Free of Brow	183	2.16	20
Delivering on improved business performance		\$1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1. . ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, .