TELKOM SA SOC LIMITED - Telkom appoints Serame Taukobong as Group Chief Executive Officer Designate

Telkom appoints Serame Taukobong as Group Chief Executive Officer Designate

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

Telkom appoints Serame Taukobong as Group Chief Executive Officer Designate

Shareholders are advised that Mr. Serame Taukobong, current Chief Executive Officer (“CEO”) of the
Telkom Consumer Business and a Group Executive Committee Member, has been appointed as Group
CEO Designate with effect from 01 October 2021. He will assume the role of the Group CEO from 01 July
2022.

In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited ("JSE"), Serame has
been appointed executive director of Telkom and its subsidiaries with effect from 01 October 2021.

Shareholders are referred to the SENS announcement “Telkom Group Chief Executive Officer to step
down on 30 June 2022” where the Board announced the planned departure of the current Group CEO,
Sipho Maseko. In line with the Board’s leadership transition plan, Sipho and Serame will work together for
the remainder of Sipho’s tenure to ensure orderly transition of the Group CEO Designate and the stability
of the business. During this transition period, Serame will continue to have oversight of the Telkom
Consumer Business. A recruitment process for his successor at the Telkom Consumer Business will
commence immediately.

Serame joined Telkom on 01 June 2018. He has extensive experience in telecommunications having spent
approximately 10 years at MTN where he held several senior roles which included Chief Operating Officer
and later CEO of MTN Ghana. As CEO of the Telkom Consumer Business, the Mobile business customer
base grew three-folds to 15 million and its revenue almost doubled to R20 billion within a 3-year period.
Under his leadership, Telkom Mobile has become the third largest mobile business in South Africa.

The Board, Group CEO and the Group CEO Designate remain committed to structurally separate Telkom
and unlock value for shareholders.

The Board would like to thank Sipho for assembling a strong team that has enabled effective succession
and welcomes Serame to his new role.

Centurion
04 August 2021

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 04-08-2021 01:00:00
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.