TELSTRA GROUP LIMITED — Investor Presentation 2006

Jun 6, 2006

7 June 2006

The Manager

Company Announcements Office Australian Stock Exchange 4^th Floor, 20 Bridge 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

Telstra presentation to the UBS Media & Telecommunications Conference

In accordance with the listing rules, I attach a copy of a presentation by Justin Milne, Group Managing Director BigPond, at the UBS Media & Telecommunications Conference, for release to the market.

Yours sincerely

North brake

Douglas Gration Company Secretary

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

BigPond Content

UBS Media & Telecommunications Conference

7^th June, 2006

Telstra

Celstra

Telstra

Wireless Broadband

. . . . . . . . . . . . . . . . . . . .

MOVIES

Movies

Entertainment

ASES SOLA

anga K

Music

SMUSIC

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Content enables BigPond to rely less on price as a differentiator and to focus on the value proposition for ensigners

Games

Telstra

3G Phones to support launch of BigPond mobile services • Blogs and Email • Photos • Video Telephony & Messaging • BigPond Mobile Client (TAM) • New headsets • Stimulator for hero handset

Increased Penetration

Advertising

• Leverage Telstra generic brand ads for Content
• Content specific advertising to increase
  awareness of on-line Content

Distribution

• Through Telstra call centres
• Through retail outlets (pre-paid and non prepaid)

New Product Services

• Game Downloads
• Music dual-delivery (Broadband and mobile)
• Viiv/Media Centre implementation
• Mobile TV

Increased ARPU

New revenue models

• Subscription
• Bundles

Simplified transactions/billing

• Unified identification and billing
• Integration between mobile and Broadband