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Telkom SA Limited - Trading Statement
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE and NYSE Share Code TKG
("Telkom")
TELKOM SA LIMITED TRADING STATEMENT
In terms of the Listings Requirements of the JSE Securities Exchange, South
Africa ("JSE Listings Requirements"), companies are required to publish a
trading statement as soon as they become aware that the financial results for
the period to be reported upon next will be materially different from that of
the previous corresponding period.
Telkom is currently finalising its results for the financial year ending 31
March 2004, which are expected to be released on 7 June 2004. Telkom accordingly
advises that it expects earnings and headline earnings for the financial year
ending 31 March 2004 to be substantially above earnings and headline earnings
for the financial year ended 31 March 2003. In terms of the JSE Listings
Requirements, substantially is defined as an increase or a decrease of more than
30%.
The profit forecast has been reviewed by Telkom"s Independent Reporting
Accountant, KPMG Services (Pty) Ltd. The Independent Reporting Accountant"s
report is available for inspection at the registered office of Telkom.
Johannesburg
23 March 2004
Sponsor: UBS
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 US Private Securities
Litigation Reform Act of 1995, specifically Section 21E of the US Securities
Exchange Act of 1934, as amended. This statement contains forward-looking
statements, particularly the projections related to our March 31, 2004 results.
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 those expressed or implied by such forward-
looking statements. 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 of this annual report, either to conform them to actual results or to
changes in our expectations. Telkom SA Limited files an annual report on Form 20
F with the US Securities and Exchange Commission (SEC), which includes a
detailed description of risk factors that may affect its business. Telkom filed
its Form 20-F annual report for the year ended March 31, 2003 on August 4, 2003.
For further information you should refer to the Form 20-F and other filings with
the US SEC annual report which are available on the investor relations website
at www.telkom.co.za/ir.
Date: 23/03/2004 08:46:23 AM Produced by the JSE SENS Department
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