TKG - Telkom Conditional Share Plan ("TCSP")

TKG - Telkom Conditional Share Plan ("TCSP")                                    
Telkom SA Limited                                                               
Incorporated in the Republic of South Africa                                    
Registration number:  1991/005476/06                                            
JSE and NYSE Share code:  TKG                                                   
ISIN:  ZAE 000044897                                                            
("Telkom" or "the Company")                                                     
Telkom Conditional Share Plan ("TCSP")                                          
Shareholders are referred to the resolution approved by shareholders at the     
general meeting of the Company on 26 March 2009 relating to the amendment to the
Telkom Conditional Share Plan (see the SENS announcement of the same date).  The
effect of this resolution was that, in the light of the Vodacom sale and        
unbundling, shares due to employees in June 2009 and June 2010 would vest prior 
to the sale and unbundling.                                                     
The Company announces that six senior executives have agreed that the total of  
the early vesting benefits relating to their June 2010 shares will be realised  
and utilised in purchasing Telkom shares on the JSE. These shares will then be  
warehoused and will vest in June 2010.                                          
Through this agreement the interests of these executives are fully aligned with 
Telkom shareholders, at no additional cost to the Company.                      
The executive directors are:                                                    
The Chief Executive Officer - Mr Reuben September.                              
The Chief Financial Officer -  Mr Peter Nelson.                                 
The four senior executives are:                                                 
The Chief of Corporate Governance - Advocate Ouma Rasethaba                     
The Chief of Human Resources - Ms Charlotte Mokoena                             
The Chief of Strategy - Mr Naas Fourie                                          
The Chief of Global Operations and Subsidiaries - Mr Thami Msimango             
PRETORIA                                                                        
31 March 2009                                                                   
Transaction Sponsor to Telkom SA Limited                                        
JP Morgan Equities Limited                                                      
Date: 31/03/2009 17:00:01 Supplied by www.sharenet.co.za                     
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