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Telkom SA Limited - Vodacom Annual Results ..02

Increased competition in the South African mobile communications markets; developments in the regulatory environment; general economic, political, social and legal conditions in South Africa and in other countries where Vodacom invests; fluctuations in the value of the Rand; and other matters not yet known to us or not currently considered material by us. You should not place undue reliance on these forward-looking statements. All written and oral forward- looking statements attributable to us or persons acting on our behalf are qualified in their entirety by these cautionary statements. Moreover, unless we are required by law to update these statements, we will not necessarily update any of these statements after the date of this press release, either to conform them to actual results or to changes in our expectations.

Date: 18/06/2003 02:00:08 PM Produced by the JSE SENS Department

18/06/2003 Source: JSE NEWS SERVICE