New Financial Instruments Listing Announcement: Tap Issue (TL23) and New Listing (TL26) Telkom SA SOC Limited (Incorporated in the Republic of South Africa) (Registration number 1991/005476/30) (“Telkom” or “the Company”) Bond code: TL23 ISIN: ZAG000146382 Bond code: TL26 ISIN: ZAG000148487 New Financial Instruments Listing Announcement: Tap Issue (TL23) and New Listing (TL26) The JSE Limited has granted a listing of new financial instruments under Telkom’s Domestic Medium Term Note Programme on the Interest Rate Market. Authorised programme size R10,000,000,000.00 Total notes in issue R3,647,000,000.00 (excluding these issues) Full instrument details are as follows: Tap issue: Bond Code TL23 ISIN ZAG000146382 Nominal Issued R100 000 000.00 Issue Price 101.933455% Coupon Rate Indicator Floating Coupon 3 months ZAR JIBAR plus a margin of 169 bps Trade Type Price Issue / Settlement Date 24 November 2017 Maturity Date 5 September 2022 Interest Commencement Date 4 September 2017 First Interest Payment Date 5 December 2017 Interest Payment Date(s) 5 March, 5 June, 5 September and 5 December in each year until the Maturity Date Last Day to Register By 17:00 on 22 February, 25 May, 25 August and 24 November in each year until the Maturity Date (all dates inclusive) Books Close Date(s) From 23 February to 4 March, 26 May to 4 June, 26 August to 4 September and 25 November to 4 December in each year until the Maturity Date (all dates inclusive) Date Convention Following Business Day New listing: Bond Code TL26 ISIN ZAG000148487 Nominal Issued R400 000 000.00 Issue Price 100% Coupon Rate Indicator Floating Coupon 3 months ZAR JIBAR plus a margin of 200 bps Trade Type Price Issue / Settlement Date 24 November 2017 Maturity Date 25 November 2024 Interest Commencement Date 24 November 2017 First Interest Payment Date 25 February 2018 Interest Payment Date(s) 25 February, 25 May, 25 August and 25 November in each year until the Maturity Date Last Day to Register By 17:00 on 14 February, 14 May, 14 August and 14 November in each year until the Maturity Date (all dates inclusive) Books Close Date(s) From 15 February to 24 February, 15 May to 24 May, 15 August to 24 August and 15 November to 24 November in each year until the Maturity Date (all dates inclusive) Date Convention Following Business Day Centurion 24 November 2017 Debt Sponsor The Standard Bank of South Africa Limited Date: 24/11/2017 09:00:00 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.