Dealings in Securities by Directors Telkom SA SOC Limited (Registration number 1991/005476/30) JSE share code: TKG ISIN: ZAE000044897 (“Telkom” or “the company”) DEALINGS IN SECURITIES BY DIRECTORS In compliance with section 3.63 to 3.65 of the Listings Requirements of the JSE Limited (“Listings Requirements”), we hereby advise shareholders of the following dealings by directors, following the vesting of options in terms of the company’s share scheme. Name of director: Sipho Nkosinathi Maseko Company: Telkom SA SOC Ltd Date of transaction: 04 July 2016 Nature of transaction: Disposal following the vesting of 161 627 shares at R57.03 per share Number of shares: 145 907 Highest price per share: R 65.10 Lowest price per share: R 63.40 Volume weighted average price per R 64.72 share: Total value: R9 443 101.04 Class of securities: Ordinary shares Nature and extent of director’s Direct beneficial interest: Name of director: Deon Jeftha Fredericks Company: Telkom SA SOC Ltd Date of transaction: 05 July 2016 Nature of transaction: Disposal following the vesting of 64 685 shares at R57.03 per share Number of shares: 25 581 Total value: R1 623 114.45 Highest price per share: R 63.47 Lowest price per share: R 63.40 Volume weighted average price per R 63.45 share: Class of securities: Ordinary shares Nature and extent of director’s Direct beneficial interest: Name of director: Sipho Nkosinathi Maseko Company: Telkom SA SOC Ltd Date of transaction: 05 July 2016 Nature of transaction: Disposal following the vesting of 161 627 shares at R57.03 per share Number of shares: 15 720 Highest price per share: R 63.47 Lowest price per share: R 63.40 Volume weighted average price per R 63.41 share: Total value: R996 805.20 Class of securities: Ordinary shares Nature and extent of director’s Direct beneficial interest: The above transactions were done on market. Clearance to deal was received in terms of paragraph 3.66 of the Listings Requirements. Centurion 8 July 2016 Sponsor The Standard Bank of South Africa Limited Date: 08/07/2016 03:55:00 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.