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Termination of services of Auditors

Telkom has for the past five years engaged Messrs Ernst and Young and KPMG Inc as its joint auditors. The Company has now, for cost reasons, taken a decision to reduce the number of its auditors from two to one. Following the termination of Messrs KPMG Incs services, the Company will retain Messrs Ernst and Young as its sole auditors.

10 September 2004
Date: 10/09/2004 05:43:53 PM