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TELKOM SA SOC LIMITED - Trading Statement

Release Date: 08/10/2013 11:00
Code(s): TKG     PDF:  
Wrap Text
Trading Statement

Telkom SA SOC Limited
(Registration number 1991/005476/30)
JSE share code: TKG
ISIN: ZAE000044897
("Telkom" or the "Group")



TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited ("JSE"), 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.

Accordingly, shareholders are advised that Headline Earnings per Share ("HEPS") and Basic Earnings
per Share ("BEPS") for the six months ended 30 September 2013 are expected to be at least 20%
higher than those of the prior comparable period.

The results for the prior comparable period were negatively affected by the provision for the
Competition Commission fine of R 389m.

The results for the period to be reported on will be positively impacted by lower finance charges and
a review of the underlying assumptions for the determination of post-retirement benefits. The lower
finance charges relate to foreign exchange and fair value gains following the weakening of the rand
against major currencies.

An updated detailed trading statement confirming a more specific range for HEPS and BEPS will be
released once the Group has reasonable certainty.

The Group’s interim results will be published on or about 18 November 2013.

This trading statement has not been reviewed or reported on by the external auditors of the
company.

Pretoria

08 October 2013



Sponsor:

The Standard Bank of South Africa Limited

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