Notice is hereby given that the 3 month JIBAR rate as at 22 June 2017 is 7.32% p.a.
In accordance with paragraph 4.26 of the JSE Debt Listings Requirements, noteholders are hereby advised of the amendment to Telkom's credit rating effective on 12 June 2017.
In terms of paragraph 3.4(b) of the JSE Limited (“JSE”) Listing Requirements, companies are required to publish a trading statement as soon as they have reasonable certainty that the financial results for the next period to be reported upon will differ by at least 20% from those of the previous corresponding period.
Due to the recent rating action taken by S&P Global Ratings (“S&P” or “the agency”) on South Africa’s long-term foreign currency rating from ‘BBB-‘ to ‘BB+’ and in accordance with paragraph 4.26 of the JSE Debt Listings Requirements, noteholders are hereby advised of the Company’s rating which has been affirmed at ‘BBB-‘.