TKG - Telkom SA Limited - Results of Annual General Meeting

TKG - Telkom SA Limited - Results of Annual General Meeting                     
Telkom SA Limited                                                               
(Registration Number 1991/005476/06)                                            
ISIN ZAE000044897                                                               
JSE Share Code TKG                                                              
("Telkom" or "the Company")                                                     
Telkom SA Limited (TKG) Results of Annual General Meeting                       
Shareholders are advised that at the nineteenth annual general meeting of       
Telkom SA held on 30 August 2011, ordinary and special resolutions as set       
out in the notice of the annual general meeting were passed by the              
requisite majorities, except ordinary resolutions numbers 9 and 11 relating     
to the adoption of the employee share plans, and the authority of directors     
to issue shares for cash which were withdrawn at the meeting.                   
After the posting of the notice of the meeting Telkom received a number of      
divergent views and inputs from shareholders regarding the share plans; and     
had also expressed reservations regarding the extension of a general            
authority to the Board of Directors of the company to issue shares for          
cash. Telkom needs to further refine and align the views of shareholders        
with the aforementioned resolutions.                                            
Shareholders are further advised that Mr Peter Joubert, who in terms of the     
company`s memorandum of incorporation was due for retirement, but being         
also eligible for re-election, had indicated that he was not available for      
re-election, and has retired as a director with effect from 30 August 2011.     
On behalf of shareholders, Telkom employees and stakeholders, the Board         
expresses their gratitude and appreciation to Mr Joubert for his valuable       
contribution to the Telkom business during his tenure as a board member.        
Pretoria                                                                        
31 August 2011                                                                  
Sponsor                                                                         
UBS South Africa (Pty) Ltd                                                      
Date: 31/08/2011 16:45:01 Supplied by www.sharenet.co.za                     
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