Note 21: Subsequent events

for the six months ended September 30, 2009

Change of Chairman

Mrs Shirley Lue Arnold retired as a non-executive director and Chairman of Telkom on conclusion of her three year contract on November 1, 2009.

Mrs Arnold presided over a number of strategic and organisational changes, including the Vodacom transaction, the African expansion and the more recent group restructure. Telkom is extremely grateful to Mrs Arnold and wishes to thank and acknowledge her for her leadership, dedication, contribution and service to the Telkom Group.

Mr Jeff Molobela was appointed as a non-executive director (for a three year period) and as Chairman (for a 1 year period) with effect from November 1, 2009.

Other matters

The directors are not aware of any other matter or circumstance since the period ended September 30, 2009 and the date of this report, not otherwise dealt with in the financial statements, which significantly affects the financial position of the Group and the results of its operations.