DEUT - Deutsche Bank AG - Telkom SA Ltd - Wave Not
JSE TKGDBUTKGDBH
DEUT
DEUT - Deutsche Bank AG - Telkom SA Ltd - Wave Notice
Deutsche Bank AG
(incorporated under the law of the Federal Republic of Germany)
acting through its London branch
TELKOM SA LTD WAVE NOTICE
_______________________________________________________________________________
Holders of the Warrants below are referred to the notice to shareholders of
Telkom SA Ltd, regarding the Telkom SA Ltd special dividends.
Due to the special dividend on TKG, the following changes to the strike and
cover ratio for the below TKG and warrants will take place on Tuesday morning, 3
July 2007:
Deutsche Bank AG will make the following adjustments to the terms and conditions
of the Warrants below:
Previous Parameters
Code ISIN Code Type Expiry Previous Strike/ Previous
Barrier Price Cover Ratio
TKGDBH ZAE000092417 AC 20-Sep-07 175 35
TKGDBU ZAE000092425 EP 20-Sep-07 148 35
Adjusted Parameters
Code ISIN Code Type Expiry Adjusted Strike/ Adjusted
Barrier Price Cover Ratio
TKGDBH ZAE000092417 AC 20-Sep-07 169.9245 33.9849
TKGDBU ZAE000092425 EP 20-Sep-07 143.71 33.9849
The above adjustments will be made from the start of trading on 3 July 2007.
The effects of the adjustments will place the holders in the same position, had
the corporate action not taken place.
For further information contact Deutsche Securities (Pty) Limited, 3 Exchange
Square, 87 Maude Street, Sandton: (Tel (011) 775-7994 or e-mail x-
markets@db.co.za)
Date: 03/07/2007 17:09:04 Produced by the JSE SENS Department.
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