Shareholders are referred to the trading statement released on 30 March 2012 wherein we announced that we expect basic and headline earnings per share from continuing operations for the year ended 31 March 2012 to be at least 90% and 255 lower than the previous year, respectively.
In accordance with section 3.4 (b) of the JSE Listings requirements, Telkom hereby advises shareholders that basic earnings per share from continuing operations for the year ended 31 March 2012 are expected to be between 95% and 100% lower than the comparative period.
Headline earnings per share from continuing operations are expected to be between 30% and 35% lower than that of the prior year.
It should be noted that Telkom's results for the year ended 31 March 2011 will be restated to reflect the entire investment in the Multi-Links business as a discontinued operation. The restated basic earnings per share from continuing operations for the year ended 31 March 2011 is 481.2 cents per share and the restated headline earnings per share from continuing operations is 484.8 cents per share.
Telkom's results for the year ended 31 March 2012 will be released on or about 8 June 2012.
This trading statement has neither been reviewed nor reported on by the company's external auditors.
Johannesburg
04 June 2012
Financial advisor and transaction sponsor to Telkom:
Deutsche Bank
Sponsor to Telkom:
UBS South Africa (Pty) Ltd