In compliance with paragraph 3.59 (b) of the JSE Listings Requirements, and in accordance with the articles of association of Telkom, shareholders are informed that Mr B Molefe has resigned as a non-executive director (Class B Shareholder representative) of the board of Telkom with effect from 20 April 2010, as a result of the end of his employment contract with the Public Investment Corporation Limited.
Shareholders are further advised that in accordance with the company's articles of association, Mr Younaid Waja has been appointed as a non-executive director (Class B Shareholder representative) on the Board of Telkom with effect from 20 April 2010.In terms of the company's articles of association, the appointment of Mr Younaid Waja is made by the Public Investment Corporation Limited, Telkom's Class B shareholder
Mr Younaid Waja is a qualified Chartered Accountant and Tax and Business Consultant. He currently enjoys membership of various Boards and Committees of organisations such as Blue IQ Ltd, Imperial Holdings Ltd, Pareto Ltd, Diablo Share Trust, Public Investment Corporation, APF Chartered Accountant Inc, and the Income Tax Special Court.
The Board of Telkom thanks Mr Molefe for his contribution and counsel during his tenure, wishes him every success in the future and welcomes Mr Younaid Waja to the Board.
Shareholders are further advised that Mr David Barber has resigned from the Board of Telkom with effect from 20 April 2010. The Board of Telkom thanks Mr Barber for his contribution and counsel during his tenure as a Board member of the company and wishes him great success in his future endeavours
20 April 2010
Pretoria
Sponsor: UBS South Africa