DATACENTRIX HOLDINGS LIMITED - Acquisition of eNetworks

Acquisition of eNetworks

DATACENTRIX HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/006413/06)
Share code: DCT ISIN: ZAE000016051
(“Datacentrix” or “the Company”)


ACQUISITION OF eNETWORKS


1. INTRODUCTION

    The board of directors of Datacentrix (“the Board”) is pleased to advise shareholders that Datacentrix
    has entered into an agreement to acquire 100% of eNetworks (“the Acquisition”), an
    internet service and networks specialist which offers solution-driven services and cutting-edge
    efficiency.

2. THE ACQUISITION

   2.1 Nature of eNetworks

       eNetworks was established in 1999 and provides fast, reliable bandwidth and internet services
       including cloud hosting, web hosting and VoIP. Based in Cape Town, the company has core
       infrastructure located in data centres in Cape Town, Johannesburg and Durban. Over the years,
       eNetworks has achieved recognition for its expertise in WAN services, internet access provisioning,
       security, and e-mail systems.

       eNetworks places specific emphasis on quality bandwidth and delivers customised service packages
       to clients, including:

           -     Fibre services
           -     Cloud hosting
           -     ADSL services
           -     Voice services
           -     Email sanitising
           -     Firewall security

   2.2 Rationale for the Acquisition

       The rationale for the Acquisition stems from the fact that Datacentrix, as a leading systems integrator
       and solutions provider in the ICT market, is growing and enhancing its cloud computing capabilities.
       The Acquisition provides Datacentrix access to highly skilled resources, electronic communications
       networks and licences, thereby strengthening Datacentrix’ capability to build, operate and provide
       network services.

   2.3 Conditions precedent and effective date

       The effective date of the Acquisition is 1 May 2013 and all conditions precedent need to be fulfilled
       by no later than 30 September 2013.

3. CLASSIFICATION OF THE ACQUISITION

   The Acquisition, due to its size, falls below the transaction thresholds as set out in the Listings
   Requirements of JSE Limited and therefore does not require any formal disclosure. However, the Board
   would like to advise shareholders of this strategic acquisition.

Johannesburg
27 August 2013

Sponsor
Merchantec Capital

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