45. Shareholder analysis

     Number of shareholders Percentage     Holdings Percentage  
Range of shareholders                  
1 – 100 shares     55 154 70.08     1 879 791 0.36  
101 – 1 000 shares     21 282 27.04     5 678 060 1.09  
1 001 – 10 000 shares     1 726 2.19     4 481 344 0.86  
10 001 – 50 000 shares     241 0.31     5 898 880 1.13  
50 001 – 100 000 shares     74 0.09     5 273 601 1.01  
100 001 – 1 000 000 shares     176 0.22     58 401 899 11.21  
1 000 001 and more shares     45 0.06     439 170 323 84.34  
      78 698 100.00     520 783 898 100.00  
Type of shareholder                  
Banks     178 0.23     151 115 022 29.02  
Close corporations     42 0.05     53 966 0.01  
Endowment funds     125 0.16     160 991 0.03  
Individuals     76 218 96.85     12 006 849 2.31  
Insurance companies     31 0.04     5 410 379 1.04  
Investment companies     40 0.05     9 401 546 1.81  
Medical aid schemes     16 0.02     251 699 0.05  
Mutual funds     192 0.24     42 736 137 8.21  
Nominees and trusts     1 592 2.02     1 145 234 0.22  
Other corporations (including the Government of the Republic of South Africa)     62 0.08     207 101 834 39.77  
Own holdings     2 0.00     10 190 084 1.96  
Retirement funds     115 0.15     76 593 635 14.71  
Private companies     82 0.10     4 585 174 0.88  
Public companies     3 0.00     31 348 0.01  
      78 698 100.00     520 783 898 100.00  
Geographical holdings by owner                  
South Africa     78 415 99.64     349 499 934 67.11  
United States     75 0.10     80 796 096 15.51  
United Kingdom     88 0.11     63 512 019 12.20  
Europe     62 0.08     22 330 282 4.29  
Other     58 0.07     4 645 567 0.89  
      78 698 100.00     520 783 898 100.00  

      Holdings Percentage  
Beneficial shareholders of more than 2%          
The Government of the Republic of South Africa     207 038 058 39.76  
Government Employees Pension Fund     62 529 557 12.01  
Old Mutual plc     10 472 495 2.01  
      280 040 110 53.78  

      Holdings Percentage  
Public and non-public shareholders          
Non-public shareholders     217 351 609 41.74  
The Government of the Republic of South Africa     207 038 058 39.76  
Government buffer account     9 461 0.00  
Telkom Treasury Stock     10 190 084 1.96  
Executive and non-executive directors*     96 623 0.02  
Subsidiaries directors*     17 383 0.00  
Public shareholders          
Institutional and retail investors     303 432 289 58.26  
      520 783 898 100.00  

* Director holdings consist of direct and indirect holdings.

The information above is based on registered shareholders, except where only beneficial shareholders' information was available as at 27 March 2015.