TAKEOVER REGULATION PANEL - Telkom / MTN Proposed Transaction

Telkom / MTN Proposed Transaction

TAKEOVER REGULATION PANEL
(Established in terms of the Companies Act, 2008)
(“TRP”)



 TELKOM / MTN PROPOSED TRANSACTION



 The Takeover Regulation Panel (TRP) has noted, with grave concern, a press announcement issued
 by rain proprietary limited (“rain”) regarding a potential offer to merge with Telkom on 11 August
 2022. We wish to inform the market that the announcement was issued by rain without the prior
 approval of the TRP as required in terms of Regulation 117 of the Companies Regulations.
 Furthermore, the announcement was issued notwithstanding the TRP’s instructions to rain that no
 such announcement should be made without the prior approval of the TRP.

 Accordingly, the publication of the announcement by rain is unlawful, and rain has been instructed
 to retract the announcement. In the circumstances, all parties (i.e., shareholders) and the market are
 advised to disregard the announcement.

 RESPONSIBILITY STATEMENT

 The TRP accepts responsibility for the information contained in this announcement which relates to
 the above-mentioned potential transaction and confirms that, to the best of its knowledge and belief,
 such information is true and the announcement does not omit anything likely to affect the importance
 of such information.

 11 August 2022

Date: 11-08-2022 04:10:00
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