Further Cautionary Announcement Telkom SA SOC Limited Registration number 1991/005476/30 JSE share code: TKG JSE bond code: BITEL ISIN: ZAE000044897 ("Telkom" or the "Company") FURTHER CAUTIONARY ANNOUNCEMENT Shareholders are referred to Telkom's cautionary announcements released on SENS, the last of which was dated 8 January 2024, wherein shareholders were advised that Telkom is currently in exclusive negotiations with a preferred bidder in respect of the potential disposal of its masts and towers business housed in Swiftnet SOC Limited, which, if successfully concluded, may have a material effect on the price of the Company's securities. Shareholders were informed that the preferred bidder is a consortium of equity investors (including a Black Economic Empowerment partner), led and managed by a reputable private equity firm. Shareholders were also informed that the transaction, if successfully concluded, will be subject to conditions precedent that are customary for a transaction of this nature, including the receipt of the necessary regulatory approvals and Telkom shareholder approval given that it would constitute a Category 1 transaction in terms of the JSE Limited Listings Requirements ("JSE Listings Requirements"). Shareholders are herewith further informed that substantial progress has been made on meeting the remaining agreed milestones under the exclusivity arrangement, including that the parties have significantly progressed their negotiations to agree transaction agreements, and the Company expects to be able to make a more detailed announcement on or before it is required to update this cautionary announcement in accordance with the JSE Listings Requirements. Shareholders are advised that these exclusive negotiations may or may not lead to a transaction, and therefore, are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made. Centurion 19 February 2024 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Legal advisor Bowman Gilfillan Inc. Financial advisor FTI Capital Advisors (DIFC) Limited Date: 19-02-2024 07:10:00 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.