OPTUS LAUNCHES AUSTRALIAN PRE-PAID MOBILE FIRST - IOU CREDIT

Optus Pre-Paid IOU Credit, an Australian first, is designed to provide a solution for Pre-Paid customers who hate the inconvenience of running out of credit at untimely moments. When customers next re-charge they will automatically reimburse Optus from their account.

The service will be available to all existing and new Pre-Paid Mobile Optus customers across all rate plans.

Michael Smith, Optus Corporate and Consumer Group Marketing Director said, "This is another example of Optus offering innovative solutions for its customers. Research shows us that customers feel confident using Pre-Paid mobile as a way to control spending, however they do not like running out of credit. Optus IOU Credit means customers will not be caught short when they need to make important calls."

Optus is a leader in the Australian Pre-Paid market with over 3.9 million Pre-Paid mobile customers* and has a reputation of offering customers value, recently launching 'Recharge and Always Win' which guarantees a prize for all customers who recharge with $30 or more.

To find out more about the IOU product visit www.optus.com.au/ioucredit

Notes to editor:
Terms & Conditions
IOU Credit can be used on any Optus or Boost Pre-Paid plan. Simply text "IOU" to 468 and Optus will provide you a $3 Rev-Up Bonus which can be used for standard local and national calls and text within Australia. Any unused portion expires in 3 days and is non-refundable. You must have less than $1.50 MyCredit balance to use this service. On your next recharge $3 will be deducted from your MyCredit balance. Only one Optus IOU Credit can be outstanding at a time. When taking over a plan from a third party it is your responsibility to ensure that no Optus IOU Credit is outstanding on the account as you will incur any outstanding Optus IOU Credit amount. *As at Q1 Financial results, 30 June 2008.

Media contact:
Tracy Monkman
Optus Corporate Affairs
Tel: (02) 8082 7850