TELSTRA GROUP LIMITED — M&A Activity 2014

Dec 16, 2014

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17 December 2014

The Manager

Company Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street SYDNEY NSW 2000

Office of the Company Secretary

Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA

General Enquiries 08 8308 1721 Facsimile 03 9632 3215

ELECTRONIC LODGEMENT

Dear Sir or Madam

Media speculation on Pacnet

I refer to the speculation on Bloomberg on 17 December 2014 in relation to a potential transaction involving Telstra acquiring Pacnet.

Telstra confirms that it is in discussions with the owners of Pacnet around a potential transaction to acquire the company.

There is no certainty that any transaction will take place as a result of these discussions.

Yours faithfully

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Damien Coleman Company Secretary

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