Dealings In Securities By Directors Telkom SA SOC Limited (Incorporated in the Republic of South Africa) (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 2018 Nature of transaction: Disposal following the vesting of 247 859 shares of which 146 668 shares vested on 05 June 2017 at R 78.76 per share and 101 191 on 01 June 2018 at R 52.39 per share Number of shares: 2 144 Highest price per share: R 50.35 Lowest price per share: R 50.34 Volume weighted average price per share: R 50.1994 Total value: R 107 627.51 Class of securities: Ordinary shares Nature and extent of director’s interest: Direct beneficial Name of director: Sipho Nkosinathi Maseko Company: Telkom SA SOC Ltd Date of transaction: 05 July 2018 Nature of transaction: Disposal following the vesting of 247 859 shares of which 146 668 shares vested on 05 June 2017 at R 78.76 per share and 101 191 on 01 June 2018 at R 52.39 per share Number of shares: 120 639 Highest price per share: R 50.10 Lowest price per share: R 50.00 Volume weighted average price per share: R50.0187 Total value: R 6 034 205.95 Class of securities: Ordinary shares Nature and extent of director’s interest: Direct beneficial Name of director: Sipho Nkosinathi Maseko Company: Telkom SA SOC Ltd Date of transaction: 06 July 2018 Nature of transaction: Disposal following the vesting of 247 859 shares of which 146 668 shares vested on 05 June 2017 at R 78.76 per share and 101 191 on 01 June 2018 at R 52.39 per share Number of shares: 34 035 Highest price per share: R 49.10 Lowest price per share: R 49.00 Volume weighted average price per share: R 49.0355 Total value: R 1 668 923.24 Class of securities: Ordinary shares Nature and extent of director’s interest: Direct beneficial Dealings by a director of a major subsidiary Name of director: Deon Jeftha Fredericks Company: BCX Group Limited Date of transaction: 04 July 2018 Nature of transaction: Disposal following the vesting of 80 866 shares of which 49 366 shares vested on 05 June 2017 at R 78.76 per share and 31 500 shares on 01 June 2018 at R 52.39 per share Number of shares: 49 833 Highest price per share: R 50.35 Lowest price per share: R 50.00 Volume weighted average price per share: R 50.20 Total value: R 2 501 616.60 Class of securities: Ordinary shares Nature and extent of director’s interest: Direct beneficial The above transactions were done on market. Clearance to deal was received in terms of paragraph 3.66 of the Listings Requirements. Centurion 10 July 2018 Sponsor The Standard Bank of South Africa Limited Date: 10/07/2018 05:05:00 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.