OPTUS SET TO FURTHER CHALLENGE COMPETITION

Optus today announced that a newly formed Transformation Team would lead a project of change for the Company.

Paul O'Sullivan, the incoming Optus Chief Executive, said the Transformation Team would drive continued growth and improvement across all lines of business.

"Optus delivered another impressive set of financial results last week. We reported growth at three times the market and increasing market share right across the business."

"However, with growth in several key markets expected to moderate, now is the time to focus on emerging technologies and differentiation to continue the momentum."

"The new team will re-focus our strategies, confirm future improvement opportunities and keep us ahead of the competition."

Mr O'Sullivan said some of Optus' most talented people have joined the project, including Martin Dalgleish, seconded from his role as Managing Director, Consumer and Multimedia (CMM).

"Martin has transformed CMM and by appointing one of our most successful business leaders to head up this project, we are demonstrating our commitment to it.

"As a result of this project, we anticipate Optus will emerge as an even stronger competitor in the Australian marketplace," Mr O'Sullivan said.

Scott Lorson, currently Marketing Director, CMM, will serve as acting Managing Director, CMM.

Biography - Martin Dalgleish Managing Director, Transformation Martin

Dalgleish was seconded as Managing Director, Transformation in May 2004.

He was appointed Managing Director of Optus Consumer & Multimedia in November 2001 and successfully launched a plan to make Optus the provider of choice for communication, information and entertainment services in Australian homes.

Consumer & Multimedia covers residential and small business fixed telephony, pay television, broadband Internet and dial-up Internet services.

Martin joined Optus in January 2001 initially as Marketing Director for Consumer & Multimedia. He was responsible for the development of product propositions, acquisition of customers and ongoing customer retention programs.

With experience extending across Australia and the UK, Martin has held a variety of consumer and technology marketing roles with leading global brands including IBM, PepsiCo, Dixons and Rank.

Martin has an MBA from the Cranfield School of Management in the UK, where he was awarded the prestigious Odgers Prize. He also holds a Bachelor of Business (Information Technology) from the Western Australian Institute of Technology.

For more information:
Melissa Favero
Optus Corporate Affairs
Tel: (02) 9342 5030