Trading Statement - 6 Months Ended 30 September 2012 Telkom SA Limited (Registration Number 1991/005476/06) ISIN ZAE000044897 JSE Share Code TKG Trading statement In terms of paragraph 3.4(b) of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period. Shareholders are advised that basic earnings per share from continuing operations for the six months ending 30 September 2012 is expected to be at least 45% lower than the comparative period in the prior year. Headline earnings per share from continuing operations for the six months ending 30 September 2012 are expected to be at least 65% lower than the comparative period in the prior year. The lower earnings are mainly attributable to an increase in the provision for Competition Commission fines relating to transgressions of the company dating back approximately 10 years. The operational performance for the period up to 31 August 2012 has been further characterised by flat revenue and operating cost that escalated just below inflation. Telkom will provide an updated trading statement once there is reasonable certainty within a 20% range of the results when compared to the previous comparable period. Release of interim results Telkom plans to release its results for the six months ended 30 September 2012 on or about Monday, 19 November 2012. This trading statement has neither been reviewed nor reported on by the company’s external auditors. 20 September 2012 Sponsor: UBS South Africa (Pty) Ltd Date: 20/09/2012 11:05:00 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.