Enhanced Investments - Financial Portal

Receipt of non-binding proposal

Published: 2022-09-30 08:05:57 ET

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

Receipt of non-binding proposal

Shareholders are advised that Telkom is proceeding with its strategy to unlock value for its
shareholders, underpinned by the view that the Telkom share price does not reflect Telkom’s
intrinsic value. The Telkom Board of Directors ("Telkom Board"), conscious of economic and
market dynamics and in accordance with its legal obligations, is considering various strategic
options, including non-binding merger and acquisition proposals received to date.

Rain Group Holdings Proprietary Limited (“Rain”) non-binding proposal
Further to the SENS issued by Telkom on 12 August 2022, shareholders are advised that
Telkom received a non-binding proposal from Rain on 14 September 2022, in terms of which
Rain proposes the potential acquisition of Rain by Telkom for newly issued shares in Telkom
("Rain Proposal"). The Telkom Board is evaluating the Rain Proposal and is not yet in a
position to express a view thereon.


Centurion
30 September 2022
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.