In compliance with section 3.63 to 3.65 of the Listings Requirements of the JSE Limited ("Listings Requirements"), we hereby advise of the following transactions by directors in the company's securities:
| Name of director: | Deon Jeftha Fredericks |
| Company: | Telkom |
| Date of transaction: | (1) 11 September 2015 (2) 14 September 2015 |
| Nature of Transaction: | Purchase of shares |
| Number of shares: | (1) 1,750 (2) 2,890 |
| Average purchase price: | (1) 6486.00 cents per share (2) 6351.00 cents per share |
| Highest price: | (1) 6678.00 cents per share |
| Lowest price: | (1) 6200.00 cents per share |
| Total value: | (1) R113 505.00 (2) R183 543.90 |
| Class of securities: | Ordinary shares |
| Nature and extent of director's interest: | Direct Beneficial |
Centurion
16 September 2015
Sponsor
The Standard Bank of South Africa Limited