TELSTRA GROUP LIMITED — Investor Presentation 2007

Mar 8, 2007

9 March 2007

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 JB Were Australasian Conference, New York

In accordance with the listing rules, I attach a copy of a presentation by Sol Trujillo, Telstra Chief Executive Officer, to the JB Were 3rd Annual Australasian Conference, New York, for release to the market.

Yours sincerely

North brake

Douglas Gration Company Secretary

a ku mwaka

Telstra Corporation Limited

IBWarasis Annual Australesian Contagrise Naw York Morch 2007

Salaramilo Garai Exempione Officer

DISCO ALCUNI

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, and assumptions known to date and are subject to various risks and uncertainties. Actual results, performance or achievement of which are beyond the control of Telstra, which may cause actual results to differ materially from those expressed in the statements contained in these presentations. For example, the factors that are likely to affect the results of Telstra include general economic conditions in Australia; exchange rates, competition in the markets in which Telstra will operate; the inherent regulatory risks in the businesses of Telstra, the substantial technological changes taking place in the telecommunications industry; and the continuing growth in the data, internet, mobile and other telecommunications markets where Telstra will operate. A number of these factors are described in Telstraks Annual Report and Form 20-F

All forward-looking figures in this presentation are unaudited and based on A IFRS. Certain figures may be subject to rounding differences. All market share information in this presentation is based on management estimates based on internally available information unless otherwise. , 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999, 1999,
All alta de la Carlo de La Carlo de La Carlo de La Carlo de La Carlo de La Carlo de La Carlo de La Carlo de La

ELETTIN

1H07 Financial results (reported)

a jihaya

(1) Before minority interests

(2) 1H06 excludes 6 cent per share special dividend

BEATEAMING GARACT LARANGE MAAL SOLA LAACTER VAN STRONGA KAN DAELA

Scies Revenue Divers S11.60

egaan

EL COMPANY

$\overline{3}$

1H07 Movement (5m)	Drivers of Revenue Growth	Actual 1H07 (5m)	37407 Gravetine
-296	Total mobiles	2,798	11.8
wa	» Mobile services	2,441	6.5
146	» Mobile handsets	357	69.2
266	Retail broadband	497	50.2
70	Wholesale broadband	279	33.5
	IP access	193	27.0
	Specialised data	404	(10.4)
(117)	Sensis	885	(11.7)
(236)	PSTN products	3,615	(5.6)

* Normalised for deferral of Melbourne Yellow book +7%

Winning where it matters

TALL OF THE REAL

RAGAN

an an an an an an an an an an an an an a an Salta Caracteri	1.2m 3G SIOs - added more than 700,000 1H07 Market leader at end of January - 4 months ahead of target 麴 3G ARPU uplift of \$20 maintained 鹦 Next G™ driving content and applications - non SMS data ARPU +74% V.
ga a grupagengo a ang mga aga a	Outgrowing competitors to increase market share by 1% to 45% 艷 Beating nearest competitor 3:1 縣 Over 200,000 retail wireless broadband subscribers Ø,
UNING SI KANG TANGGUNA. WINA TIBAD NG KATUPAT	Total line loss of 0.8% since June -- best in class ▧ Residential lines held at June levels - best in 5 years 矊 Positive residential churn and market share gain - 1st time since comp o,
es est marcanes a capación Nos Carlos de Carlos	鳊 Online usage up 21% Share of new media revenue increasing from 10% to 15% U) SouFun triple digit percentage growth 暡
a sanaan ama ay	FOXTEL subscribers up 10% 电 FOXTEL subscriber revenue growth of 15% O) 100% digital TV provider - cable analogue service switched off 1 Feb Я,
ACTORICA GEOMODIAE ROMANTI ITTE

Telstra's Competitive Advantage =

医器皿

TECHNOLOGICA CORE ENTRE COMPANDED DE LA CONTRACTIVITÀ DE LA CONTRADICACIÓN DE LA CONTRACTIVITÀ DE

KAMINA ARACHITEKTANYA ASAR SITUA AMA ANYA

Addressing Key Market Misperceptions

FY2007 Guidence

Guidance on Reported Numbers

A SOLIN ANDRE HUN SONHALL LEVEN CING REINNAS MOLLON CIN DE OS S

a Alitika

a Chin

Long Kain Victor (Canchild) (Can Vessin din Cese) 74 - 16 17

Guidance on Reported Numbers (base year FY05)

LASSA OKTO PELINAMA NEZNAMAZ MARGA AZ ZAVANA NA NAVENAN GIZKI FORM AN A 19 MAY 19 MAY 19 MARS 2 POLICE AT A CONTRACT

Regulation - Key Issues

Recent developments Status Telstra appealed ACCC's rejection of Telstra's \$30 U average undertaking to the ACT - decision expected early 2007 ACCC issued revised interim determinations in Dec 06 Telstra has lodged a containing Band 2 price of constitutional $$17.70 p/m$ challenge in High Court to protect shareholder interest Interim determination issued in two LSS arbitrations at the rate g ann ann
Breithean of \$3.20/month. Tinal ACCC pricing determination expected in first half of 2007

RACINE AND REAL PROPERTY

$11$

Stimou

saanaa aan ah Office ah ah oo dhamaan ah ah ah ah ah ah ah ah ah ah ah ah ah

Tangan di Kabupatén Bang

a kalendari kata ya katika katika katika katika katika matsa ya katika katika matsa ya katika matsa ya katika

a a complete de la completa de la completa de la completa de la completa de la completa de la completa de la c

ta kultura ya kuma ya matshiri ya kuma ya kuma ya kuma ya kuma ya kuma ya kuma ya kuma ya kuma ya kuma ya kuma

Montentum contrites ortos at business units

13