Disposal of Telkom’s Masts and Towers Business Housed in Swiftnet SOC Limited – Results of General Meeting TELKOM SA SOC LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1991/005476/30) Share code: TKG JSE bond code: BITEL ISIN: ZAE000044897 ("Telkom" or the "Company") DISPOSAL OF TELKOM'S MASTS AND TOWERS BUSINESS HOUSED IN SWIFTNET SOC LIMITED – RESULTS OF GENERAL MEETING 1. Introduction 1.1. Shareholders are referred to the circular distributed to Shareholders on 22 April 2024 (the "Circular"), which Circular included a notice convening the general meeting of Shareholders to approve the resolution required for implementation of the proposed disposal by Telkom of 100% of its shares in (and all or part of its claims against) its wholly-owned subsidiary Swiftnet SOC Limited (which houses its Masts and Towers business) to a purchasing consortium comprising: (i) an infrastructure fund known as Actis Ohio Fund managed by Actis; and (ii) an infrastructure vehicle 100% (one hundred percent) owned by Royal Bafokeng Holdings ("Disposal"). 1.2. Unless expressly defined in this announcement, capitalised terms herein have the same meaning given to them in the Circular. 2. Results of General Meeting 2.1. Shareholders are hereby advised that pursuant to the General Meeting of Shareholders of Telkom held on Friday, 24 May 2024, the Ordinary Resolution required to implement the Disposal was approved by the requisite majority of votes. In this regard, Telkom confirms that the voting statistics from the General Meeting were as follows: Total number of Shares in issue 511 140 239 Treasury shares and shares held by a plan, trust or scheme (excluded from 24 486 180 voting) Total voteable Shares 486 654 059 Resolution Votes carried as a Number of Shares Shares percentage of the total Shares voted as a abstained as a number of Shares voted voted percentage percentage of at the General Meeting of the total the total For Against issued issued share share capital capital Ordinary Resolution Number 1: Approval of the Disposal as a Category 1 transaction 100.00% 0.00% 422 529 875 82.66% 0.00% in terms of the JSE Listings Requirements 3. Remaining Suspensive Conditions Shareholders should note that implementation of the Disposal remains subject to the fulfilment or waiver, if applicable, of other remaining Suspensive Conditions as set out in the Circular, including the regulatory approvals required from the South African Competition Authorities and ICASA. A further announcement will be released in accordance with the JSE Listings Requirements, regarding the fulfilment or waiver, if applicable, of the remaining Suspensive Conditions and implementation of the Disposal. Friday, 24 May 2024 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 24-05-2024 02:25:00 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.