Listing of new financial instrument - TL32 Telkom SA SOC Limited (Incorporated in the Republic of South Africa) (Registration number 1991/005476/30) JSE Bond Code: BITEL JSE Share Code: TKG ISIN: ZAE000044897 (“Telkom”) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted approval for a new financial instrument listing to Telkom under its Domestic Medium Term Note Programme dated 21 November 2011 as follows: New financial instrument: TL32 Authorised programme size: R10,000,000,000.00 Total notes in issue after this issuance: R8,850,000,000.00 Instrument type: Floating rate notes Bond code: TL32 Nominal value issued: R1,000,000,000.00 Issue price: 100% Coupon: 8.458% (3 Month JIBAR as at 02 Dec 2019 of 6.808% plus 165 bps) Coupon rate indicator: Floating Trade type: Price Final maturity date: 9 February 2027 Books close date(s): 30 January, 29 April, 30 July, 30 October Interest payment date(s): 9 February, 9 May, 9 August, 9 November Last day to register: By 17:00 on 29 January, 28 April, 29 July, 29 October Issue date: 9 December 2019 Date convention: Following Interest commencement date: 9 December 2019 First interest payment date: 9 February 2020 ISIN: ZAG000165077 Additional information: Unsecured Floating Rate Notes The applicable pricing supplement is available at: www.telkom.co.za/ir/debt-investors/debt- securities.shtml The note relating to the new financial instrument (“Note”) will be dematerialised in the Central Securities Depository and settlement will take place electronically in terms of JSE Rules. For further information on the Note issue please contact: Corporate Actions JSE +27 11 520 7000 6 December 2019 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 06-12-2019 05:27:00 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.