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Dealings in Securities
Telkom SA SOC Limited
(Registration number 1991/005476/30)
JSE Share Code: TKG
JSE Bond Code: BITEL
ISIN: ZAE000044897
("Telkom" or the "company")
DEALINGS IN SECURITIES
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited ("JSE"), shareholders are advised of
the following dealings by a non-executive director, as well as the following dealings by prescribed officers and an executive
director in terms of the company's share scheme, relating to the vesting of forfeitable share awards ("FSP") as part of Telkom's
Long-Term Incentive (LTIP) Share Plan (Plan).
In terms of the Plan, the vesting of the Share Awards ("LTIPs") occurs in various tranches, after three years and are subject to
performance conditions. Whilst vesting is not classified as 'dealings' in terms of the JSE Listings Requirements, the vesting of the
LTIPs does result in a tax liability for the participants (the executive director and prescribed officers) in terms of section 8C of the
Income Tax Act (No 58 of 1962) whether they elect to keep all their shares, sell all their shares or elect to sell a portion of their
shares to cover the tax liability.
In terms of the vesting of tranches, the:
2021 LTIP Share Award: 55% of the second (2nd) tranche (30%) of shares vested, based on partial achievement of the
performance conditions.
2022 LTIP Share Award: 50% of the first (1st) tranche (50%) of shares were forfeited, based on the partial achievement of
the performance conditions.
The LTIP shares vested on 1 July 2025, subsequent to which, participants could elect to sell a portion or all of their shares,
equivalent to the value of the tax liability incurred upon the vesting thereof, by no later than 26 August 2025. The company
facilitated the sale of the ordinary shares on behalf of the participants in bulk trades on 26 August 2025.
Name of director: B Kennedy
Company: Telkom
Nature of transaction: On-market sale
Class of securities: Ordinary shares
Date of transaction: 25 August 2025
Number of shares: 200
Price per share: R51.40
Total value of transaction: R10 280.00
Extent of interest of director: Direct beneficial
Clearance to deal obtained: Yes
Name of executive director: Serame Taukobong
Company: Telkom
Off market vesting and simultaneous on market sale
of a portion of shares (the balance of the shares
Nature of transaction: retained) to cover tax obligations relating to the
vesting of LTIPs in accordance with the Plan
Class of securities: Ordinary shares
Date of transaction: 26 August 2025
Number of shares: 31 834
Volume weighted average price ("VWAP") per share: R50.2812
Highest price per share: R50.37
Lowest price per share: R50.27
Total value of transaction which is subject to a tax liability at the rate of R1,600,651.72
45%
Extent of interest of director: Direct beneficial
Clearance to deal obtained: Yes
Name of prescribed officer: BN Apleni
Company: Telkom
Off market vesting and simultaneous on market sale
of a portion of shares (the balance of the shares
Nature of transaction: retained) to cover tax obligations relating to vesting of
LTIPs in accordance with the Plan
Class of securities: Ordinary shares
Date of transaction: 26 August 2025
Number of shares: 8 549
VWAP per share: R50.4347
Highest price per share: R50.62
Lowest price per share: R50.40
Total value of transaction which is subject to tax at the rate of 45% R431 166.25
Extent of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of prescribed officer: LM Siyo
Company: Telkom
Off market vesting and simultaneous on market sale
of a portion of shares (the balance of the shares
Nature of transaction: retained) to cover tax obligations relating to vesting
of LTIPs in accordance with the Plan
Class of securities: Ordinary shares
Date of transaction: 26 August 2025
Number of shares: 13 468
VWAP per share: R50.3005
Highest price per share: R50.37
Lowest price per share: R50.27
Total value of transaction which is subject to tax at the rate of 45% R677 447.13
Extent of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of prescribed officer: PJ Bogoshi
Company: Telkom
Off market vesting and simultaneous on market sale
of a portion of shares (the balance of the shares
Nature of transaction: retained) to cover tax obligations relating to the
vesting of LTIPs in accordance with the Plan
Class of securities: Ordinary shares
Date of transaction: 26 August 2025
Number of shares: 22 934
VWAP per share: R50.4347
Highest price per share: R50.62
Lowest price per share: R50.40
Total value of transaction which is subject to tax at the rate of 45% R1 156 669.41
Extent of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of prescribed officer: NM Lekota
Company: Telkom
Off market vesting and simultaneous on market sale
of a portion of shares (the balance of the shares
Nature of transaction: retained) to cover tax obligations relating to the
vesting of LTIPs in accordance with the Plan
Class of securities: Ordinary shares
Date of transaction: 26 August 2025
Number of shares: 6 002
VWAP per share: R50.4347
Highest price per share: R50.62
Lowest price per share: R50.40
Total value of transaction which is subject to tax at the rate of 45% R302 709.07
Extent of interest: Direct beneficial
Clearance to deal obtained: Yes
Centurion
29 August 2025
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 29-08-2025 02:57:00
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