TELKOM SA SOC LIMITED - No Telkom offer to acquire Cell C

No Telkom offer to acquire Cell C

Telkom SA SOC Limited
Registration number 1991/005476/30)
JSE share code: TKG
JSE bond code: BITEL
ISIN: ZAE000044897
("Telkom" or “the Group”)

No Telkom offer to acquire Cell C

Telkom notes the article on MyBroadband, a IT news website, relating to the “Acquisition or merger of Cell
C on the cards” published today.

In this regard, shareholders are referred to the “withdrawal of the cautionary announcement” relating to
the potential acquisition of Cell C by Telkom, released on SENS on 29 November 2019. Telkom, at that
time, informed the market that it had received written notice from the Cell C board of directors rejecting its
non-binding proposal.

Shareholders are therefore advised that there is currently no Telkom offer on the table to acquire Cell C.

Centurion
20 May 2020

Sponsor
Nedbank Corporate and Investment Banking

Date: 20-05-2020 04:02:00
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