| Tue 15 Jul 2008, 10:08 | | TKG - Telkom SA Limited - Further Cautionary Announcement |
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TKG
TKG
TKG - Telkom SA Limited - Further Cautionary Announcement
Telkom SA Limited
Registration number: 1991/005476/06)
(ISIN number: ZAE000044897)
JSE and NYSE share code: TKG
("Telkom" or "the Company")
Further Cautionary Announcement
Telkom shareholders are referred to the cautionary announcement published on 2
June 2008 regarding the non binding proposal by a wholly-owned subsidiary of
Vodafone Group Plc ("Vodafone") to acquire a portion of Telkom`s stake in
Vodacom Group (Proprietary) Limited ("Vodacom") subject to, inter alia, the
Company unbundling its remaining stake in Vodacom to Telkom shareholders and the
receipt of a letter from a consortium comprising Mvelaphanda Holdings
(Proprietary) Limited, affiliated funds of Och-Ziff Capital Management Group and
other strategic funders ("the Consortium"), which states that the Consortium is
considering making an offer for the entire issued share capital of Telkom
subject to a number of pre-conditions.
The discussions with Vodafone and independently with the Consortium are still
ongoing and shareholders are therefore advised to continue to exercise caution
when dealing in Telkom securities until a further announcement is made.
15 July, 2008
Pretoria
Transaction Sponsor: J.P. Morgan Equities
Special note regarding forward-looking statements
Many of the statements included in this announcement constitute or are based on
forward looking statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995, specifically Section 27A of the U.S. Securities
Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of
1934, as amended. All statements, other than statements of historical facts,
including, among others, statements regarding our mobile and other strategies,
future financial position and plans, objectives, capital expenditures, projected
costs and anticipated cost savings and financing plans, as well as projected
levels of growth in the communications market, are forward looking statements.
These forward looking statements involve a number of known and unknown risks,
uncertainties and other factors that could cause our actual results and outcomes
to be materially different from historical results or from any future results
expressed or implied by such forward looking statements. Among the factors that
could cause our actual results or outcomes to differ materially from our
expectations are those risks identified in Item 3. "Key Information - Risk
Factors" in Telkom`s most recent Annual Report on Form 20-F filed with the U.S.
SEC and its other filings and submissions with the SEC, which are available on
Telkom`s investor relations website at www.telkom.co.za/ir. We caution you not
to place undue reliance on these forward looking statements. All written and
oral forward looking statements attributable to us, or persons acting on our
behalf, are qualified in their entirety by these cautionary statements.
Moreover, unless we are required by law to update these statements, we will not
necessarily update any of these statements after the date hereof, either to
conform them to actual results or to changes in our expectations.
Date: 15/07/2008 10:08:01 Produced by the JSE SENS Department.
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