Notice of Provision of Financial Assistance in the form of a Parental Guarantee in terms of Section 45 of the Co Act Telkom SA SOC Limited Registration number 1991/005476/30 JSE share code: TKG JSE bond code: BITEL ISIN: ZAE000044897 ("Telkom" or the "Company") NOTICE OF PROVISION OF FINANCIAL ASSISTANCE IN THE FORM OF A PARENTAL GUARANTEE IN TERMS OF SECTION 45 OF THE COMPANIES ACT NO 71 OF 2008 ("COMPANIES ACT") Shareholders of Telkom are referred to the special resolution tabled and approved at the Annual General Meeting of the Company held on 20 August 2024, in terms of section 45 of the Companies Act, authorising the board of directors of the Company (the "Board") to provide direct or indirect financial assistance to any company which is related or inter-related to the Company. The Board has adopted a resolution for the provision of financial assistance, in the form of a parental guarantee, to its subsidiary, Business Connexion Proprietary Limited ("BCX"), to support BCX's participation in a tender process. It is important to note that the parental guarantee provided by Telkom is conditional upon the successful award of the tender in question to BCX. The value of the financial assistance is up to a maximum of R400 million, an amount exceeding 1/10th of 1% of the Company's net worth as of the date of this notice. The parental guarantee will endure for the duration of the contract, should BCX be awarded the tender. Having considered all reasonable financial circumstances of the Company in terms of and pursuant to the provisions of Section 45, as read with Section 4 of the Companies Act, the Board is satisfied that: - Immediately after providing the financial assistance referred to above, the Company would satisfy the solvency and liquidity test contemplated in Section 4 of the Companies Act. - The terms and conditions on which the financial assistance is to be given are fair and reasonable to the Company. Section 45(5) requires Telkom to give notice to shareholders and any trade unions representing its employees within 10 business days of the adoption of a board resolution authorising the provision of financial assistance. By giving this notice, the Board is of the view that Telkom has complied with the notice requirements in section 45(5) of the Companies Act. Centurion 13 September 2024 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 13-09-2024 05:00:00 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.