Stabilisation Notice

RNS Number:8411U
JPMorgan Securities Ltd
13 April 2007

13th April 2007

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

                      Issuer: Telstra Corporation Limited

                              Stabilisation Notice

JPMorgan Securities Limited, (contact: Robin Stoole telephone: [phone])
hereby gives notice that no stabilisation (within the meaning of the rules of
the Financial Services Authority) was undertaken by the Stabilising Manager(s)
named below in relation to the offer of the following securities.

Issuer:                           Telstra Corporation Limited

Guarantor (if any):               n/a

Aggregate nominal amount:         EUR 1bn

Description:                      10yr Fixed, 4,750 %, Maturity 21 March 2017

Stabilising Manager(s)            JPMorgan Securities Limited
                                  125 London Wall,
                                  London EC2Y 5AJ

                                  Deutsche Bank
                                  77 London Wall
                                  1 Great Winchester Street
                                  London EC2M 2DB

                                  BNP Baribas
                                  10 Harewood Avenue
                                  London NW1 6AA

                                  Barclays Capital
                                  5 The North Colonade
                                  London E14 4BB


This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or dispose
of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States.
The securities referred to above have not been, and will not be, registered
under the United States Securities Act of 1933 and may not be offered or sold in
the United States absent registration or an exemption from registration.  There
has not been and will not be a public offer of the securities in the United
States.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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