TKG - Telkom SA Limited - Statement by Vodacom

TKG - Telkom SA Limited - Statement by Vodacom                                  
Telkom SA Limited                                                               
(Registration Number 1991/005476/06)                                            
ISIN ZAE000044897                                                               
JSE and NYSE Share Code TKG                                                     
("Telkom")                                                                      
Statement by Vodacom                                                            
Shareholders are referred to the following statement issued today by Vodacom    
Group (Pty) Limited ("Vodacom"), a joint venture where Telkom holds a 50%       
interest.                                                                       
Updated terms of Vodacom`s proposed broad-based BEE transaction                 
Alan Knott-Craig, CEO of Vodacom Group, today announced the preferred strategic 
partners for the Vodacom South Africa BEE transaction.  Based on the            
comprehensive partner selection process undertaken, Vodacom has selected Royal  
Bafokeng Holdings and Thebe Investment Corporation ("Thebe") as the two         
preferred strategic partners to participate in this broad-based BEE transaction.
Royal Bafokeng Holdings is the primary investment vehicle of the Royal Bafokeng 
Nation, a 300 000 strong broad-based black community situated in the North West 
Province.  Royal Bafokeng Holdings is responsible for the management and        
development of the commercial assets of the Royal Bafokeng Nation, for the      
sustainable benefit of the community.                                           
Thebe is one of the pioneers of broad-based BEE in South Africa.  Its main      
shareholder the Batho Batho Trust is a community based organisation established 
to promote the social and economic development of black people and women.  Thebe
aims to develop and invest in businesses for the long-term benefit of the       
community, fulfilling social objectives using economic means.                   
The BEE transaction will comprise the following three participant groupings:    
-    all Vodacom South African staff - 25%;                                     
-    broad-based black South African public and Vodacom black business partners 
    - 30% ; and                                                                 
-    broad-based strategic partners - 45%.                                      
It is anticipated that an announcement regarding the terms of the BEE           
transaction and the offer to the black public and business partners will be made
at the end of June 2008, with the black public offer opening shortly thereafter.
Further information on the BEE transaction will be provided subsequent to the   
terms announcement by Vodacom.                                                  
Pretoria                                                                        
25 April 2008                                                                   
Sponsor: UBS                                                                    
Date: 25/04/2008 15:00:02 Supplied by www.sharenet.co.za                     
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.