TELKOM SA SOC LIMITED - Results of annual general meeting

Results of annual general meeting

Telkom SA SOC Limited
(Incorporated in the Republic of South Africa)
(Registration number 1991/005476/30)
JSE Share Code: TKG
JSE Bond Code: BITEL
ISIN: ZAE000044897
(“Telkom” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the voting results for the Annual General Meeting (“AGM”) of Telkom held through
electronic communication on Wednesday, 25 August 2021 were as follows:

 Resolution                                    Number of      Percentage of     For**    Against**    Abstained
                                                ordinary    ordinary shares      (%)          (%)       *** (%)
                                            shares voted      in issue* (%)
 Ordinary Resolution Number 1.1:             423 459 008             82.85     94.75         5.25         0.01
 Election of Ms O Ighodaro as a
 Director
 Ordinary Resolution Number 1.2:             423 508 414             82.86    100.00         0.00         0.01
 Election of Ms EG Matenge-
 Sebesho as a Director
 Ordinary Resolution Number 1.3:             423 463 353             82.85    100.00         0.00         0.01
 Election of Mr H Singh as a Director
 Ordinary Resolution Number 1.4:             423 517 239             82.86     97.11         2.89         0.00
 Re-election of Ms KW Mzondeki as
 a Director
 Ordinary Resolution Number 1.5:             423 513 493             82.86     99.76         0.24         0.00
 Re-election of Ms F Petersen-Cook
 as a Director
 Ordinary Resolution Number 1.6:             423 517 277             82.86    100.00         0.00         0.00
 Re-election of Dr SP Sibisi as a
 Director
 Ordinary Resolution Number 1.7:             423 468 472             82.85     97.48         2.52         0.01
 Re-election of Mr RG Tomlinson as
 a Director
 Ordinary Resolution Number 2.1:             423 387 711             82.83     97.29         2.71         0.03
 Re-election of Mr N Kapila as a
 Director
 Ordinary Resolution Number 3.1:             423 462 916             82.85     99.99         0.01         0.01
 Election of Mr KA Rayner as a
 Member of the Audit Committee
 Ordinary Resolution Number 3.2:             423 508 423             82.86    100.00         0.00         0.01
 Election of Mr PCS Luthuli as a
 Member of the Audit Committee
 Ordinary Resolution Number 3.3:             423 508 424             82.86     96.05         3.95         0.01
 Election of Ms KW Mzondeki as a
 Member of the Audit Committee,
 subject to her re-election as a
 Director pursuant to Ordinary
 Resolution Number 1.4
 Ordinary Resolution Number 3.4:             423 463 164             82.85     98.97         1.03         0.01
 Election of Mr H Singh as a Member
 of the Audit Committee, subject to
 his re-election as a Director
 pursuant to Ordinary Resolution
 Number 1.3
 Ordinary Resolution Number 3.5:             423 453 980             82.84     95.26         4.74         0.02
 Election of Mr LL Von Zeuner as a
 Member of the Audit Committee
 Ordinary Resolution Number 4.1:             423 467 515             82.85     99.89         0.11         0.01
 Reappointment of
 PricewaterhouseCoopers as joint
 auditors of the Company
 Ordinary Resolution Number 4.2:             423 408 629             82.84    100.00         0.00         0.03
 Reappointment of
 SizweNtsalubaGobodo Grant
 Thornton as joint auditors of the
 Company
 Ordinary Resolution Number 5.1:             423 326 301             82.82     80.06        19.94         0.04
 Non-binding advisory endorsement
 of the remuneration policy
 Ordinary Resolution Number 5.2:             423 334 466             82.82     65.40        34.60         0.04
 Non-binding advisory endorsement
 of the implementation report
 Ordinary Resolution Number 6:               423 322 300             82.82     72.69        27.31         0.04
 General authority for Directors to
 allot and issue and/or grant options
 over ordinary shares
 Special Resolution Number 1:                423 502 039             82.85     94.49         5.51         0.00
 General authority to issue ordinary
 shares for cash
 Special Resolution Number 2:                423 167 404             82.79     98.52         1.48         0.07
 General authority to repurchase
 ordinary shares
 Special Resolution Number 3:                423 283 292             82.81     97.36         2.64         0.04
 Remuneration of Non-executive
 Directors
 Special Resolution Number 4:                423 167 886             82.79     99.82         0.18         0.02
 General authority to provide
 financial assistance

*       Based on 511 140 239 shares in issue at the date of the AGM.
**      In relation to the total number of shares voted at the AGM.
***     In relation to the total number of shares in issue at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of Telkom shareholders
represented at the AGM.

Shareholders are further advised that due to ordinary resolution number 5.2 relating to the non-binding advisory
endorsement of the implementation report being voted against by more than 25% of Telkom Shareholders represented
at the AGM, an invitation will be extended to such dissenting Shareholders to engage with the Company, as required by
the JSE Limited Listings Requirements. The Company will issue a further announcement shortly including details of the
manner and timing of such engagement.


25 August 2021

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 25-08-2021 01:44:00
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