Singtel OPTUS Priorities for FY24

Delivering sustainable dividends & funding growth1 Pot 1: Operating cash underpins sustainable dividends Pot 2: Continued capital recycling to fund investments S$B S$B ~5.0 FY23 operating cash flow² Ordinary dividend ~ 1.6 80% of underlying profit Spectrum, lease & interest payments Maintenance capex Usage Cash holdings Includes dividends from associates. 1. Chart not drawn to scale. 2. 3. 4. 5. Payable FY25. Includes proceeds from divestment of Comcentre stake. Predominantly data centres. 20 20 ~6.0 Expected capital recycling in the mid-term³ Growth initiatives4 ~1-2 5G capex ~1-2 ~1 Fund future growth opportunities Pay down debt ☐ Return to shareholders Optus 900MHz spectrum 5 Capital allocation 557-21 ~ Excess cash Singtel

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