TKG - Telkom SA Limited - Finalisation of Telcordia dispute

TKG - Telkom SA Limited - Finalisation of Telcordia dispute                     
Telkom SA Limited                                                               
Registration Number 1991/005476/06)                                             
ISIN ZAE000044897                                                               
JSE Share Code TKG                                                              
("Telkom")                                                                      
Finalisation of Telcordia dispute                                               
The arbitration proceedings instituted by Telcordia against Telkom in 2001 in a 
dispute relating to the supply, installation, integration of a new customer care
management system for Telkom by Telcordia have been finalised.  Telcordia`s     
claims in the total amount of US$128 148 705, plus interest thereon were finally
settled in terms of a mutual agreement based on an arbitration ruling, and      
concluded on 13 July 2010, in terms of which Telkom is paying the amount of     
US$80million. At 31 March 2010 an amount of US$77 million had been provided in  
the financial accounts of Telkom for this dispute. This settlement follows on   
lengthy arbitration proceedings during the course of which two partial awards   
were made by the arbitrator.                                                    
Pretoria                                                                        
15 July 2010                                                                    
Sponsor: UBS                                                                    
Date: 15/07/2010 14:00:03 Supplied by www.sharenet.co.za                     
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