TKG - Telkom SA Limited - Appointment of Chief Executive Officer

TKG - Telkom SA Limited - Appointment of Chief Executive Officer                
Telkom SA Limited                                                               
(Registration Number 1991/005476/06)                                            
ISIN ZAE000044897                                                               
JSE Share Code TKG                                                              
("Telkom" or "the Company")                                                     
Appointment of Chief Executive Officer                                          
The Board of Telkom SA Limited is pleased to announce the appointment of Ms     
Nombulelo (Pinky) Moholi as Chief Executive Officer of the company with effect  
from 1 April 2011.                                                              
Ms Moholi is an experienced telecoms executive of 23 years in the ICT sector,   
of which 15 years was in executive management. After a formative career as an   
engineer at GEC and Siemens, she joined Telkom in 1994. She spent eleven years  
at Telkom SA during which she was promoted to several senior positions,         
including Group Executive: Regulatory Affairs, Managing Executive:              
International and Wholesale Business, and Chief Sales and Marketing Officer     
and a member of the Telkom Executive Committee (Exco).                          
Moholi left Telkom in 2005 to join the Nedbank Group, where she served as the   
Chief Strategy and Corporate Affairs Officer, and a member of their Executive   
Committee for just over three years. She rejoined Telkom as the MD of Telkom    
South Africa in May 2009.                                                       
After obtaining her Electrical Engineering degree from the University of Cape   
Town in 1984, Moholi completed Executive Management Programmes at Stanford and  
Harvard Universities. She has served as a non-executive director on a number    
of private and publicly listed companies.                                       
In appointing the Chief Executive Officer, the Board followed a rigorous        
evaluation process including international benchmarking and consultation with   
the Department of Communications, the latter a requirement specified by the     
company`s articles of association before the expiry of the Class A and B        
shareholders` rights on 4 March 2011.                                           
The contract of the acting Chief Executive Officer, Mr Jeffrey Hedberg,         
expires at the end of March 2011. The Board of Directors have requested Mr      
Hedberg to remain at Telkom in an advisory capacity until the release of the    
Group`s annual results in June.                                                 
On behalf of shareholders, management and staff, the Board congratulates Ms     
Moholi on her appointment and wishes her every success in the creation of       
value for all Telkom stakeholders.                                              
Pretoria                                                                        
17 March 2010                                                                   
Sponsor                                                                         
UBS South Africa (Pty) Ltd                                                      
Date: 17/03/2011 07:05:40 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.