Financial Results

Group interim Results

for the six months ended 30 September 2015

Telkom SA SOC Limited
(Registration number 1991/005476/30)
JSE share code: TKG
ISIN: ZAE000044897

Special note regarding forward-looking statements

Many of the statements included in this document, as well as verbal statements that may be made by us or by officers, directors or employees acting on our behalf, constitute or are based on forward-looking statements.

All statements, other than statements of historical facts, including, among others, statements regarding our convergence and other strategies, future financial position and plans, objectives, capital expenditures,projected costs and anticipated cost savings and financing plans, as well as projected levels of growth in the communications market, are forward-looking statements. Forward-looking statements can generally be identified by the use of terminology such as “may”, “will”, “should”, “expect”, “envisage”,“intend”, “plan”, “project”, “estimate”, “anticipate”,“believe”, “hope”, “can”, “is designed to” or similar phrases, although the absence of such words doesnot necessarily mean that a statement is not forward looking. These forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause our actual results and outcomes to be materially different from historicalresults or from any future results expressed or impliedby such forward-looking statements. Factors thatcould cause our actual results or outcomes to differmaterially from our expectations include but are notlimited to those risks identifi ed in Telkom ’s mostrecent annual report, which is available on Telkom’s website .

We caution you not to place undue reliance on these forward-looking statements. All written and verbal 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 document, either so that they conform to the actual results or to changes in our expectations.

The information contained in this document is also available on Telkom’s investor relations website.

Telkom SA SOC Ltd is listed on the JSE Limited. Information may be accessed on Reuters under the symbols TKGJ.J and on Bloomberg under the symbol TKG.SJ. Information contained on Reuters and Bloomberg is provided by a third party and is not incorporated by reference herein. Telkom has not approved or verified such information and does not accept any liability for the accuracy of such information.

Auditors’ review report
Our auditors, Ernst & Young Inc. have reviewed the condensed consolidated interim financial statements.The unmodified review report is available for inspection at the Group’s registered office.

Board approval
The condensed consolidated interim financial statements were authorised for issue by the Board of Directors of Telkom (Board) on 13 November 2015.

Preparation and supervisor of annual financial statements
These condensed consolidated interim financial statements were prepared by Mrs Gladys Machinjike (Executive Financial Accounting and Reporting) and supervised by Mr Robin Coode (Group Executive Accounting).