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Further cautionary announcement relating to negotiations with MTN South Africa

Shareholders are referred to the various cautionary announcements published on the Stock Exchange News Service of the JSE Limited, the last of which was released on 13 May 2015.

Shareholders are further advised that Telkom and MTN South Africa remain in discussions regarding the potential extension of their existing roaming agreement to include bilateral roaming and outsourcing of the operation of Telkom's radio access network, which if successfully concluded may have a material effect on the price of Telkom's securities. The parties will update shareholders as soon as they receive the appropriate legal and regulatory approvals.

Accordingly, shareholders are advised to continue exercising caution when dealing in Telkom securities until a further announcement in this regard is made.


25 June 2015

The Standard Bank of South Africa Limited