TELKOM SA SOC LIMITED - Cautionary Announcement

Cautionary Announcement

Telkom SA SOC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1991/0054776/30)
JSE CODE: TKG
ISIN CODE: ZAE000044897
(“Telkom”)


CAUTIONARY ANNOUNCEMENT


Shareholders are advised that Telkom has entered into negotiations with MTN South Africa
(MTN) regarding agreements involving the potential outsourcing of the operation of the
Telkom radio access network (RAN) to MTN and a potential expansion of the existing
roaming relationship between the parties to include bilateral roaming.

If successfully concluded, this may have a material effect on the price of Telkom’s securities.
Accordingly, shareholders are advised to exercise caution when dealing in Telkom’s
securities until a further announcement is made.


Pretoria
06 March 2014

Sponsor
The Standard Bank of South Africa Limited

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