TKG - Telkom SA Limited - Updated trading statement for the six months

TKG - Telkom SA Limited - Updated trading statement for the six months          
ended 30 September 2011                                                         
Telkom SA Limited                                                               
(Registration Number 1991/005476/06)                                            
ISIN ZAE000044897                                                               
JSE Share Code TKG                                                              
("Telkom")                                                                      
Updated trading statement for the six months ended 30 September 2011            
Further to the trading statement released on 29 September 2011 and in           
accordance with section 3.4 (b) of the JSE Listings requirements, Telkom        
hereby advises shareholders that headline earnings per share from               
continuing operations for the six months ended 30 September 2011 are            
expected to be between 33% and 38% lower than the comparative period.           
Basic earnings per share from continuing operations are expected to be          
between 68% and 73% lower than that of the corresponding reporting period       
in the prior year.                                                              
Multi-Links delivered an operating loss of R269 million for the six             
months that will be reported as discontinued operations.                        
The sale of Multi-Links was concluded on 3 October 2011. The sale of            
Multi-Links will result in a net loss of approximately R1 billion mainly        
due to the cumulative amount of exchange differences, previously                
recognised in non-distributable reserves, being realised. This loss will        
be recognised in the second half of the financial year.                         
Telkom plans to release its results for the six months ended 30 September       
2011 on Monday, 21 November 2011.                                               
This trading statement has neither been reviewed nor reported on by the         
company`s external auditors.                                                    
Johannesburg                                                                    
10 November 2011                                                                
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 10/11/2011 14:00:01 Supplied by www.sharenet.co.za                     
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