Announcement Telkom SA SOC LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1991/0054776/30) JSE CODE: TKG ISIN CODE: ZAE000044897 (“Telkom” or “the Company”) ANNOUNCEMENT Telkom shareholders are advised that Telkom has received a Compliance Notice from the Companies and Intellectual Property Commission (“the CIPC”) relating to the granting of an interest free loan by Telkom to Mr J Schindehütte during November 2013 (“the Loan”). CIPC has notified Telkom that it believes that the Company has contravened Sections 44 and 45 of the Companies Act No. 71 of 2008 (“the Act”) as the payment of the Loan was authorised prematurely and prior to the board of directors of Telkom passing the necessary precursory financial assistance resolutions. The Compliance Notice requires Telkom to do the following: - Update the Commissioner of the CIPC on a monthly basis on the progress made in recovering the loan amount from Mr J Schindehütte; - Mr S Maseko to attend a corporate governance and a director duties course within 90 business days from the date of the Compliance Notice; and - Inform shareholders of the contents of the Compliance Notice. Telkom has confirmed to the CIPC that the full amount of the loan has already been recovered from Mr. Schindehütte. Mr Maseko has noted the directive to attend a corporate governance and a director duties course and shall make the necessary arrangements to attend such training within the stipulated timeframe. A copy of the Compliance Notice has been provided to the Independent Communications Authority of South Africa, in line with Section 171(3) of the Act. Pretoria 24 February 2014 Sponsor The Standard Bank of South Africa Limited Date: 24/02/2014 02:45:00 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.