TKG - Telkom - Telkom Group Acquires A Further 25% Of Multi-Links Based

TKG - Telkom - Telkom Group Acquires A Further 25% Of Multi-Links Based         
                   In Nigeria                                                   
Telkom SA Limited                                                               
(Registration Number 1991/005476/06)                                            
ISIN: ZAE000044897                                                              
JSE and NYSE Share Code TKG                                                     
("Telkom")                                                                      
Telkom Group acquires a further 25% of Multi-Links based in Nigeria             
Telkom has acquired a further 25% of Multi-Links Telecommunications             
Limited ("Multi-Links") from Kenston Investment Limited for USD130 million with 
effect from January 21, 2009, thereby increasing its ownership of Multi-Links to
100%. The purchase price was determined by an independent expert.               
Multi-Links is a Nigerian Private Telecommunications Operator with a Unified    
Access License and Internet Service Provider License providing fixed, mobile,   
data, long distance and international telecommunications services throughout    
Nigeria. Telkom acquired its initial 75% shareholding in Multi-Links in May     
2007.                                                                           
Johannesburg                                                                    
22 January 2009                                                                 
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 22/01/2009 13:00:04 Supplied by www.sharenet.co.za                     
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