All four category totals sourced from Telkom SA Annual Financial Statements FY2025 (audited). Out-of-scope deductions are judgement-based — see per-category haircut.

Security (R959m), Facilities Management (R2,300m) and Maintenance (R5,045m) figures are sourced from Telkom SA SOC Ltd Annual Financial Statements for the year ended 31 March 2025, Notes 3.4.5 and 3.4.8, audited by PricewaterhouseCoopers Inc. Risk (R545m) aggregates Insurance premiums (R202m) and Losses (R343m, Note 3.4.5 — third-party property damage, fire costs and insurance excesses). Out-of-scope deductions applied per Mi-C3 / Affectli scoping. Precedent % reflects comparable Vantage / TowerCo client deployments; Telkom % is conservative and user-adjustable. Asset-lifecycle saving is on a depreciated (income-statement) basis, not full cash flow. ZAR figures assume exchange rate as set above. © 2026 Mi-C3 / Affectli. Confidential — not for distribution.