TELSTRA SUPERANNUATION FUND

Head officeLevel 3,215 Spring StreetTel: 61 3 9653 6000MelbourneFax: 61 3 9651 6090Australiawww.telstrasuper.com.auVIC 3000ASSETS / FUNDS UNDER MANAGEMENTAUD 11 bn as of 30/12/2007ALLOCATION TO PRIVATE EQUITY4-6.5% allocation rangeYEAR FIRST INVESTED IN PRIVATE EQUITY1998GEOGRAPHYNorth America33%Western Europe22%Central & Eastern EuropeMiddle East / AfricaAsia Pacific45%Latin AmericaFUND TYPEGeneralistBuyout / Later Stage•Mid-market•VentureFund of Funds•Turnaround•SecondariesOtherPRIVATE EQUITY INVESTMENT APPETITECONTACTSNorthWesternCEEMENAAsiaLatinMr. Martin CroweAmericaEuropePacificAmericaChief Executive OfficerGeneralistBuyout / Later Stage••••Mid-market•Ms. Nicole McConnollyVenture•Portfolio Manager, AlternativesMezzanine / Subordinated Debtnicole.connolly@telstrasuper.com.auFund of Funds••••Turnaround••••Mr. Steve MerlicekSecondariesChief Investment OfficerOtherSELECTED FUNDS

FUND NAME MANAGER FUND SIZE YEAR FUND TYPE REGION
Goldman Sachs Private Equity Partners III Goldman Sachs USD 962 million 1999 Fund of Funds North America
Western Europe
GS Private Equity Fund II GS Private Equity Pty Ltd AUD 192 million 2001 Buyout Asia/Pacific
Ironbridge Fund II Ironbridge Capital AUD 1.05 billion 2006 Buyout Asia/Pacific
Knightsbridge Venture Capital VI Knightsbridge Advisers USD 500 million 2005 Fund of Funds North America
TVPIII Technology Venture Partners AUD 144 million 2004 Venture Capital Asia/Pacific