In a recent announcement, Telkom has assured its investors that despite the new proposition from Rain, they are considering the proposal from MTN.

The MTN proposal is still under consideration by both parties. The MTN proposal, if concluded, may have a material effect on the price of the company’s securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company’s securities until a further announcement is made.Based on such announcement, the board of MTN has addressed a letter to the board of Telkom containing MTN’s comments thereon. MTN received a response from Telkom, advising it will respond to the MTN letter more fully in due course. A further announcement will be released by MTN, setting out its position with regards to the future of the transaction.Telkom’s Notification to its Investors