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 Date: 08/10/2013 11:00:00 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.