0001019155-09-000838 Sample Contracts

TELKOM SA LIMITED and THE BANK OF NEW YORK MELLON As Depositary and OWNERS AND BENEFICIAL OWNERS OF AMERICAN DEPOSITARY SHARES Deposit Agreement Dated as of March 3, 2003 As Amended and Restated as of December __, 2009
Deposit Agreement • December 1st, 2009 • Bank of New York / Adr Division • American depositary receipts • New York

DEPOSIT AGREEMENT dated as of March 3, 2003, as amended and restated as of December __, 2009, among TELKOM SA LIMITED, a public limited company incorporated under the laws of the Republic of South Africa (the "Company"), THE BANK OF NEW YORK MELLON (formerly known as The Bank of New York), a New York banking corporation (the "Depositary"), and all Owners and Beneficial Owners from time to time of American Depositary Shares (as hereinafter defined) issued hereunder.

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THE BANK OF NEW YORK
Bank of New York / Adr Division • December 1st, 2009 • American depositary receipts

Re: Deposit Agreement dated as of March 3, 2003 (the "Deposit Agreement") among Telkom SA Limited, The Bank of New York, as Depositary, and all Owners and Beneficial Owners from time to time of American Depositary Receipts issued thereunder

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