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TELKOM SA SOC LIMITED - Further update : Sipho Maseko to step down from the Telkom Board and its subsidiaries

Release Date: 14/12/2021 13:00
Code(s): TKG TL24 TL25 TL28 TL27 TL29 TL32 TL26 TL23 TL31 TL30     PDF:  
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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
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