ELECTRONIC LODGEMENT

Dear Sir or Madam

Debt Issuance Program Offering Circular

In accordance with the Listing Rules, a copy of Telstra's Debt Issuance Program Offering Circular has been sent to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

The Offering Circular was submitted to the Singapore Exchange on 20 March 2020. This lodgement relates to a routine update to our Debt Issuance Program, which allows us to issue debt in a variety of capital markets, and not to any particular issuance of debt securities.  

Authorised for lodgement by:

Sue Laver

Company Secretary

This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, securities in the United States or in any other jurisdiction, or to any person to whom, it would not be lawful to make such an offer. In particular, the securities described in the Debt Issuance Program Offering Circular have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdiction of the United States, and may not be offered, sold or resold in the United States or to, or for the account or benefit of, any "U.S. Person" (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from the registration requirements under the Securities Act.