Over the coming months there will be a lot happening as we work toward the implementation of our legal restructure - and there are some things we're going to need your help on as we do.

Under the restructure we're establishing a new holding company for the Telstra Group, and creating some new employer companies under it. This shouldn't be news to anyone - but if it is, you can find all the information on why we're doing this on a dedicated intranet page.

There is no impact on our organisational structure, functions or reporting lines, as our existing organisational structure will be transferred to our new legal structure. While no-one's job is changing, it does mean that most of us will end up being employed by a different legal entity than we are today. As we'll have a new employer, most of us will have to sign a new employment contract.

Most of us will be employed by a new company within the Telstra Group

Under the legal restructure most of us will be employed by `Telstra Limited' (which was previously referred to by the working title `ServeCo').

The exceptions to this are:

• InfraCo people will stay in Telstra Corporation Limited, which will be rebadged as Telstra Infraco Limited.
• Those in InfraCo Towers will move to Amplitel in December - they're already moving through the transition process.
• People on Telstra Health or Purple contracts will stay where they are. But some people in those business are employed directly by Telstra Corporation and will move to Telstra Limited.
• If you are employed by an offshore entity (such as Telstra International Philippines) you will stay where you are.

You'll keep the entitlements you have now. Nothing changes here.

As we have said before, as we make these changes our commitment is to maintain your industry leading terms and conditions. As part of this we have built additional protections (known as clause 47) into our current enterprise agreement and policy specifically to provide certainty for those who may move to a different employer.

When you move, you'll keep the same role and your reporting line and existing organisational

structure will carry over to the new company unchanged.

What you need to do, and when

We want everyone to feel comfortable and ready to click accept by the time your contract hits your inbox, which we expect to occur in early February 2022.

• Next Tuesday 23 November 2021: You'll get an email from ! Telstra Group Restructure telling you if your role is moving and asking you to check your personal data preview page. This is important to make sure everything is up-to-date and accurate, so that when you get your contract, it's right the first time.
• 2 February - 18 February 2022: review and accept your contract. This is critical because your current role with Telstra Corporation will end on 16 March 2022.

We've briefed people leaders on the process, so if you have any questions, start with your 1- up.

Now is the time to explore the employment transition website, ask questions, attend briefing sessions, preview your sample contract and importantly confirm or update your data.

We'll continue to operate as one team, one Telstra

As I said above, this is a change to our legal structure only - it does not mean there will be changes to our management structure or the way we work as part of our functional model.