Further update : Sipho Maseko to step down from the Telkom Board and its subsidiaries Telkom SA SOC Limited Registration number 1991/005476/30) JSE Share Code: TKG JSE Bond Code: BITEL ISIN: ZAE000044897 ("Telkom" or “the Group”) Further update : Sipho Maseko to step down from the Telkom Board and its subsidiaries As announced on 23 July 2021 and in accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited ("JSE"), Sipho Maseko, current Group Chief Executive Officer (CEO), will now step down as Group CEO with effect from 31 December 2021. Shareholders are further referred to the SENS announcement “Telkom appoints Serame Taukobong Group CEO Designate” dated 4 August 2021 and are advised that Mr. Serame Taukobong will take over the role of Group CEO with effect from 1 January 2022. The leadership transition plan is progressing effectively. As part of this plan, Sipho will step down from the Telkom Board and those of subsidiaries and remain an employee of Telkom until 30 June 2022. During this period, Sipho will be available to the new Group CEO and the Board in an advisory capacity. The Board is confident of the stability of the Group and would like to thank Sipho for his commitment to an orderly leadership transition. Centurion 14 December 2021 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 14-12-2021 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.