Annual Results Presentation FY22

Spectrum and capex negatively impact cash flow performance Telkom Free cash flow (FCF) movement Rm Cash generated from operations Repayment of lease liability FY22 FY21 % 9 886 14 383 (31.3) (1076) (856) (25.7) Interest received 235 332 (29.2) Finance charges paid (1 188) (1 291) 8.0 Taxation paid (764) (2 194) 65.2 Cash generated from operations before dividend paid and received 7 093 10 374 Spectrum acquisition (1 142) (31.6) (100.0) Cash paid for capital expenditure (8 031) (8 311) 3.4 Decline in Free Cash Flow driven by: • Lower revenues • Increase in handset sales despite R1 billion in handset financing • Increase in handset purchases Settlement of Q4 FY21 capex in H1. Free cash flow (2 080) 2 063 (200.8) • Spectrum payment Free cash flow excluding spectrum* (938) 2 063 (145.5) * Post settlement of FY2021 capex in current year and R1 billion handset financing Annual Results Presentation FY22 16

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