TELSTRA GROUP LIMITED — Interim / Quarterly Report 2007

Feb 14, 2007

15 February 2007

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

ELECTRONIC LODGEMENT

Dear Sir or Madam

Analyst Briefing - Half year results presentation pack

In accordance with the listing rules, I attach a copy of a presentation to be made today, for release to the market.

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

North brake

Douglas Gration Company Secretary

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

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These presentations include certain forward-looking statements that are based on information
and assumptions known to date and are subject to various risks and uncertainties. Actual results,
performance or achievements co

All forward-looking figures in this presentation are unavaited and based on A-IFRS. Certain
Tigures may be subject to rounding differences. All market share information in this presentation
Is bosed on management estimates

1H07 Financial results (reported)

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BEST TOPONIS GUILLARE VIENIGIAN DEL COMPOSICIÓ NA VINE COMBUTOR LE ROYEX.

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Winning where it matters

Mark Mark	确	-1.2m 3G SIOs - added more than 700,000 1H07 3G ARPU uplift of \$20 mairstained Next G 32 driving content and applications - non SMS data ARPU +74%
EN LETTER HANDELD IV. EN LETTER DE LA GRAND	嚸 ₩.	% Outgrowing competitors to increase market share by 1% to 45% Beating nearest competitor 3:1 Over 200,000 retail wireless broadband subscribers
www.communications		-Total line loss of 0.8% since June - best in class Residential lines held at June levels - best in 5 years Positive residential chum and market share gain - 1st time since comp
88.498		- Online usaqe up 21% Share of new media revenue increasing from 10% to 15% Souf un triple digit percentage growth
William Card	鹖 ☜	- FOXTEL subscribers up 10% FOXTEL subscriber reveriue growth of 15% 100% digital TV provider - cable analogue service switched off 1 Feb
STRONGER OKTOBER (PARALES OCH PRE

Winning where it matters - PSTN

SouFun, Expanding the footprint

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Transformation. disving Capex Improvements

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Telstra Corporation Limited

1H 2007 Results

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1H07 Movement (5.03)	Drivers of Revenue Growth	Actual 26907 (211)	: Huy Growth %
296	Total mobiles	2,798	11.8
144)	« Mobile services	2,441	6.5
14600	« Mobile handsets	357	69.2
166	Retail broadband	497	50.2
	Wholesale broadband	279	33.5
	IP access	193	27.0
	Specialised data	404	(10.4)
(117)	Sensis	885	(11.7)
12168	PSTN products	3,615	(5.6)

EVIZOOTA CITTÉ CONTACT		ECICIAN
Guidance on Reported Numbers
Revenue		Growth of +2.5% to +3.0%
Depreciation & Amortisation		D & A similar to FY06 incl accelerated D & A of \$300m to \$350m
EBIT		Growth in range of +3% to +5%
EBIT (2H07)		Growth in range of +37% to +40%
Cosh operating copex		Range \$5.4bn to \$5.7bn due to transformation
Dividend		Intention to pay 14c final dividend
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Addressing Keup Visperceptions – Next GW	acasta
Perception	$5 - 13 + 4$
The launch of Telstra's Next 6 7% network will offer a long-term competitive advantage but may take some years to help lift mobile revenue growth above GDP growth	Mobile service revenue growth 6.5%, best Q. result since 2H05
Next G am could deliver significant benefits over time. However, this is dependent on resolution of launch-related technical issues such as handset availability	Network operating very well, all material technical issues resolved Now added 415,000 Next G7% subscribers since launch with current handset range
Other carriers are expected to launch HSDPA shortly, offering similar speeds to Telstra potentially eliminating any competitive advantage	Next GTM peak network speed increased to 破. 14.4Mbps (next best is still only 3.6Mbps) on less than 1% of the coverage area)
Telstra will have a lower range of more expensive handsets than its competitors in the foreseeable future given the limited deployment of 3G at 850MHz globally	13 Next G3M handsets and 13 data devices Va to be available by March 07. On average Next G TM handsets, cheaper than 2100 hanásets
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