Telkom SA Limited (JSE:TKG) News - 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") Cautionary announcement : Discussions between MTN Group Limited (MTN) and Telkom Shareholders are advised that MTN Group Limited (MTN) and Telkom have entered into discussions in relation to MTN acquiring the entire issued share capital of Telkom in return for shares or a combination of cash and shares in MTN (the Transaction). Discussions are at an early stage and there is no certainty that the Transaction will be consummated. The Transaction, if concluded, may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until a further announcement is made. The Board of Telkom accepts responsibility for the information contained in this announcement and, to the best of their knowledge and belief, such information is true and this announcement does not omit anything likely to affect the importance of such information included. Centurion 15 July 2022 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 15-07-2022 09:30:00 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.