TELSTRA GROUP LIMITED — Investor Presentation 2004

Aug 26, 2004

27 August 2004

The Manager

Company Announcements Office Australian Stock Exchange 10th Floor, 20 Bond 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

Mr David Moffatt's presentation to the Citigroup Smith Barney Wireless Conference

In accordance with the listing rules, attached is a copy of a presentation pack for release to the market.

Yours sincerely

Pont Grati

Douglas Gration Company Secretary

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

Clear Strategy
Total Customer Focus	· Value every customer Maximise profitable growth and revenue market shore
Innovation	. Deliver innovative products and services that customers want
Operational Excellence	• Drive operational effectiveness ■ Strengthen Telstra's brand positioning and reputation
	Consistently exceed customers' expectations profitably