BITEL - Telkom SA Limited - Ratings announcement

BITEL - Telkom SA Limited - Ratings announcement                                
Telkom SA Limited                                                               
Date of review: 16 December 2011                                                
Rating Agency:  Moody`s Investors Service ("Moody`s)                            
In accordance with paragraph 4.25 of the JSE Debt Listings Requirements,        
noteholders are advised that Moody`s has downgraded Telkom SA Limited`s senior  
unsecured issuer rating to Baa2 from Baa1, and the national scale long term     
issuer rating to A2.za from A1.za. The outlook on these ratings is stable.      
For further information contact:                                                
Jan De Wet (Telkom SA Limited)                                                  
Tel: +27 12 311 5351              Email: dwetjh@telkom.co.za                    
Dated: 20 December 2011                                                         
Date: 20/12/2011 09:27:01 Supplied by www.sharenet.co.za                     
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