TELKOM SA SOC LIMITED - Increase in the size of the DMTN programme amount

Increase in the size of the DMTN programme amount

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

INCREASE IN THE SIZE OF THE DMTN PROGRAMME AMOUNT

Noteholders are advised that in line with its authority to do so in terms of the provisions of the
programme memorandum for its ZAR10,000,000,000 Domestic Medium Term Note Programme (the
“Programme”), the board of directors of Telkom, on 09 November 2018, resolved to increase the
maximum aggregate outstanding nominal amount of all notes that may be issued under the
Programme at any one point in time from ZAR10,000,000,000 to ZAR15,000,000,000 (the “Increase in
the Programme Amount”). This will allow Telkom the flexibility to manage its debt portfolio relative
to its various sources of funding, preserve adequate levels of liquidity and importantly, maintain
sustainable debt levels.

The Increase in the Programme Amount is effective from 09 March 2020.

10 March 2020
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited.

Date: 10-03-2020 02:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.