Telstra

1 September 2011 The Manager Company Announcements Office Australian Securities Exchange 4th 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 Telstra Corporation Limited –2011 Annual Report In accordance with the listing rules, I attach a copy of the 2011 Annual Report which will be sent to shareholders shortly.

Regards

Carmel Mulhern Company Secretary

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

ANNUAL REPORT 2011

IT’S HOW WE CONNECT

2M

NEW MOBILE CUSTOMERS IN AUSTRALIA & HONG KONG

659,000

BUNDLES SOLD

28c

DIVIDEND PER SHARE

COMMUNICATING WITH OUR SHAREHOLDERS

Our online Investor Centre www.telstra.com/investor is an important tool for our shareholders where you can access all the latest news, information and shareholder communications faster. If you are an e-shareholder, we will let you know when there is something important for you to view or download.

ANNUAL REPORT

IT’S HOW WE CONNECT

Telstra’s 2011 Annual Report is available to all shareholders on our Investor Website at www.telstra.com.au/annualreports. To receive a hardcopy of the statutory Annual Report (free of charge) you can call our Share Registry on 1300 88 66 77 and request the report be sent to you. You may also update your communication election online to receive future copies of the Annual Report. Please refer to the Managing my Telstra Shareholding online section for instructions on how to do this.

MORE THAN CALLS OUT OF HOURS SINCE 24x7 FOR SALES AND SERVICE MORE THAN NEW AND REFURBISHED TELSTRA STORES

5M

280

WEEKEND TECHNICIAN APPOINTMENTS

80,000

MANAGING MY SHAREHOLDING ONLINE

1. Go to www.linkmarketservices.com.au/telstra 2. Enter your SRN/HIN (this can be found on your latest dividend statement), your post code, the security...