BCX / Telkom - Results Of The BXC Scheme Meeting

BCX / Telkom - Results Of The BXC Scheme Meeting                                
Business Connexion Group Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1988/005282/06)                                            
Share code: BCX & ISIN: ZAE000054631                                            
("BCX")                                                                         
Telkom SA Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1991/005476/06)                                            
Share code: TKG & ISIN: ZAE000044897                                            
("Telkom")                                                                      
RESULTS OF THE BCX SCHEME MEETING                                               
RESULTS OF THE MEETING                                                          
Further to the announcement published on the Securities Exchange News Service   
("SENS") of the JSE Limited on Tuesday, 16 May 2006 and in the press on         
Wednesday, 17 May 2006, BCX shareholders are advised that:                      
The scheme of arrangement ("the scheme") in terms of section 311 of the         
Companies Act, 1973, as amended, proposed by Telkom SA Limited ("Telkom")       
between BCX and its shareholders, has been approved by 99.58% of votes exercised
by BCX"s shareholders present and voting either in person or by proxy at the    
scheme meeting held on Monday, 12 June 2006.                                    
Application will be made to the High Court of South Africa (Witwatersrand Local 
Division) ("the Court") on Tuesday, 20 June 2006 at 10:00 or as soon thereafter 
as Counsel may be heard for the sanctioning of the scheme. The Court is located 
in the High Court Building, Von Brandis Square, corner Pritchard and Von Brandis
Streets, Johannesburg.                                                          
The scheme is still subject to the fulfillment of, inter alia, the conditions   
precedent set out in paragraph 2 below, but once the scheme becomes operative,  
scheme participants will be entitled to receive 900 cents for every scheme share
held on the record date for the scheme. Telkom has furthermore agreed to BCX    
paying a dividend of 25 cents per BCX share prior to the implementation of the  
scheme.                                                                         
CONDITIONS PRECEDENT                                                            
The remaining outstanding conditions precedent to the scheme are the sanctioning
of the scheme by the Court, the registration by the Registrar of Companies in   
South Africa ("Registrar") of the Order of Court sanctioning the scheme and the 
approval by the Competition Authorities of the proposed acquisition in terms of 
the Competition Act, 1998 (Act 89 of 1998) as amended, either unconditionally or
subject to such conditions as may be acceptable to Telkom.                      
CHAIRMAN"S REPORT                                                               
A copy of the Chairman"s report on the scheme meeting will be available for     
inspection to BCX shareholders from Tuesday, 13 June 2006 during normal business
hours from the registered offices of BCX, Business Connexion Park North, 789    
16th Road, Randjespark, Midrand or from the office of the transfer secretaries, 
Ultra Registrars (Pty) Limited, 11 Diagonal Street, Johannesburg.               
FURTHER ANNOUNCEMENT                                                            
Further announcements regarding the outcome of the application to the Court,    
final salient dates and times of the scheme and details of the surrender        
procedure for scheme shares, will be made to shareholders in due course.        
Sandton                                                                         
12 June 2006                                                                    
Investment Bank to BCX       Attorneys to BCX and the    Financial advisor and  
                             scheme                      sponsor to Telkom      
(Investec Corporate          (Cliffe Dekker Inc logo)    (UBS logo)             
Finance logo)                                                                   
Transaction sponsor          Reporting accountants and   Attorneys to Telkom    
                             auditors                                           
(Investec Bank logo)         (Deloitte & Touche logo)    (Werksmans Inc. logo() 
Date: 12/06/2006 04:57:18 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department