Annex M is an optional specification in ITU-T recommendations G.992.3 (ADSL2) and G.992.5 (ADSL2+), also referred to as ADSL2 M and ADSL2+ M. This specification extends the capability of commonly deployed Annex A by more than doubling the number of upstream bits.

The data rates can be as high as 12 or 24 Mbit/s downstream and 3 Mbit/s upstream depending on the distance from the DSLAM to the customer's premises.

[1][2] The main difference between this specification and Annex A is that the upstream/downstream frequency split has been shifted from 138 kHz up to 276 kHz (as in Annex B/Annex J), allowing upstream bandwidth to be increased from 1.4 Mbit/s to 3.3 Mbit/s, with a corresponding decrease in download bandwidth.

This standard was approved for deployment on Australian networks by the Australian Communications Industry Forum (ACIF).