BCX/TKG - Business Connexion / Telkom - Update On Telkom`s Proposed Acquisition

BCX/TKG - Business Connexion / Telkom - Update On Telkom`s Proposed Acquisition 
Of The Entire Issued Share Capital Of BCX                                       
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")                                                                      
Update on Telkom`s proposed acquisition of the entire issued share capital of   
BCX (the "Proposed Acquisition Telkom")                                         
Shareholders are referred to the joint announcement released on 14 December 2006
where the boards of directors of Telkom and BCX agreed to extend the date by    
which all conditions precedent to the Scheme of Arrangement entered into between
Telkom and the BCX shareholders (the "Scheme") are to be fulfilled from 15      
December 2006 to 15 March 2007, unless further extended by agreement between    
Telkom and BCX.                                                                 
Hearings in relation to the Proposed Acquisition commenced at the Competition   
Tribunal on 12 March 2007. The boards of directors of Telkom and BCX have       
therefore agreed to extend the date by which all conditions precedent to the    
Scheme have to be fulfilled from 15 March 2007 to 31 May 2007, unless further   
extended by agreement between Telkom and BCX.                                   
The Proposed Acquisition remains subject to the Competition Authorities         
approving 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.                                                        
A further announcement will be made in due course.                              
Johannesburg                                                                    
14 March 2007                                                                   
Financial advisor to BCX: Investec Corporate Finance                            
Financial advisor and sponsor to Telkom: UBS                                    
Transaction sponsor to BCX: Investec Bank Limited                               
Attorneys to Telkom: Werksmans Inc.                                             
Attorneys to BCX: Cliffe Dekker Inc.                                            
Sponsor to BCX: RAND MERCHANT BANK (A division of FirstRand Bank Limited)       
Date: 14/03/2007 13:00:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.