DATATEC LIMITED - Dealing in securities by directors and the company secretary

Dealing in securities by directors and the company secretary

Datatec Limited
Incorporated in the Republic of South Africa
(Registration Number: 1994/005004/06)
JSE share code: DTC
ISIN: ZAE000017745
("Datatec" or the "Company")

DEALING IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY

In relation to the special cash dividend of R12.50 per ordinary share with scrip
distribution alternative announced on the Stock Exchange News Service on 11 October
2022, the following information is provided in terms of paragraph 3.63 of the Listings
Requirements of the JSE Limited regarding the dealing in securities of the Company
by directors and the company secretary of the Company.

Participants in the Deferred Bonus Warrants share scheme (“DBW”) elected to receive
mandatory 28.93314 capitalisation shares per 100 ordinary shares (“Scrip
Distribution”) on their shares held in escrow in the DBW in accordance with the scheme
rules as follows:

Date of transactions         :   5 December 2022
Class of security            :   Ordinary shares
Nature of transaction        :   Scrip Distribution Election
                                 (off market primary issue)
Deemed price per Scrip
Distribution share           :   R43.20

Director                     :   J P Montanana
Number of shares             :   74,515
Total transaction value      :   R3,219,048
Nature of interest           :   Indirect beneficial

Director                     :   I P Dittrich
Number of shares             :   14,761
Total transaction value      :   R637,675
Nature of interest           :   Direct beneficial

Company Secretary            :   S P Morris
Number of shares             :   4,040
Total transaction value      :   R174,528
Nature of interest           :   Direct beneficial

In addition, the following Scrip Distribution Election was made in relation to shares not
subject to the DBW:

Company Secretary            :   S P Morris
Number of shares             :   191,362
Total transaction value      :   R8,266,838
Nature of interest           :   Direct beneficial

Clearance to deal f or these Scrip Distribution Election transactions was obtained.
In addition to the Scrip Distribution Election transactions noted above the following
information is disclosed in compliance with the JSE Limited Listings Requirements:

Director                     :   J P Montanana
Date of transaction          :   29 November 2022
Class of securities          :   Ordinary shares in Datatec Limited.
Nature of transaction        :   Off-market collar hedge over
                                 1,000,000 ordinary shares of the
                                 Company with a put strike price of R
                                 38.70, call strike price of R 64.50
                                 and expiry on 3 December 2024.

Nature of interest           :   Indirect beneficial
Clearance obtained           :   Yes
Total value of transaction   :   R 38,700,000

Mr Montanana entered into an equity funding arrangement with a financial
institution which consisted of a loan agreement securitised by a simultaneous
collar hedge and equity lending transaction. This replaced a similar
arrangement previously in place.

Johannesburg
6 December 2022

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 06-12-2022 04:50:00
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