executive Share Ownership Policy

The intent of Telstra’s Executive Share Ownership Policy is to
align a significant portion of executive remuneration to the
creation of longer term shareholder value. Under the policy,
Senior Executives are required to hold Telstra shares to the
value of 100 per cent of their Fixed Remuneration within five
years of their first appointment to Senior Executive level.
Any Restricted Shares held by Senior Executives are included
in calculating their shareholding for the purposes of this policy.
Senior Executives must obtain Board or, in certain
circumstances, CEO or Chairman approval before they sell
shares if they have not yet met their share ownership
requirements under the policy.
Progress is monitored on an ongoing basis. Where applicable,
all Senior Executives met the shareholding requirement as at
30 June 2017.