TELKOM SA SOC LIMITED - Telkom SA SOC Limited-Notification of termination and appointment of external auditors

Telkom SA SOC Limited-Notification of termination and appointment of external auditors

Telkom SA SOC Limited
(Registration Number 1991/005476/30)
Bond Issuer Code: BITEL
("Telkom" or "the Company")



APPOINTMENT OF EXTERNAL AUDITORS

The Company announced through SENS on the 18th of August 2017 its intention to commence
a procurement process for external audit services for the reporting period ending 31st March
2019. Following an extensive and robust process and in accordance with paragraph 7.13 of
the Debt Listings Requirements of the JSE Limited, shareholders are advised that Board of
Directors / Audit Committee intends to nominate for approval by Telkom’s shareholders at the
forthcoming Annual General meeting to be held on 23rd August 2018 the appointment of PWC
and SizweNtsalubaGobodo (SNG) as Telkom’s new joint external auditors for the financial
year ending 31 March 2019.

Shareholders are further advised that the board of Telkom has terminated the appointment of
Nkonki Inc as joint auditors of Telkom following that firm’s filing for voluntary liquidation with
the Master of the High Court. The Board would like to thank Nkonki for their service.

As a consequence of the termination of Nkonki’s appointment, EY will be the sole auditor
signing off Telkom’s Annual Financial Statements for the year ended 31st March 2018 where
after they will retire as auditors to Telkom on 22 August 2018 following 20 years of service.
The Board would like to thank EY for the service that they have provided to the group and its
shareholders during their tenure.


Centurion
7 May 2018


The Debt Sponsor
Standard Bank of South Africa Limited

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