DATATEC LIMITED - Share Incentive Schemes Vesting: Dealing in Securities by Directors and the Company Secretary

Share Incentive Schemes Vesting: Dealing in Securities by Directors and the Company Secretary

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Company")

SHARE INCENTIVE SCHEMES VESTING: DEALINGS IN SECURITIES BY DIRECTORS AND
THE COMPANY SECRETARY

Datatec announces the following in relation to its share incentive schemes:

1) CONDITIONAL SHARE PLAN ("CSP")

   The CSP was approved by shareholders at the Company's annual general
   meeting held on 14 September 2017.

   The CSP awards granted in June 2021 had two performance conditions: an
   underlying EPS growth condition applying to one-third of the award and a
   Total Shareholder Return ("TSR") condition applying to two-thirds of the
   award.

   The Remuneration Committee has determined that 100% of the June 2021 CSP
   awards would vest on 3 June 2024 as both performance conditions have been
   achieved.

   Accordingly, the off-market transfer of 2,183,692 Datatec shares to
   participants in the June 2021 CSP has been initiated on 3 June 2024.

   Details of the transfer of Datatec shares to the participants of the 2021
   CSP, who are Directors and the Company Secretary of Datatec, are disclosed
   below, in compliance with the JSE Limited Listings Requirements:

   Director                                 :       J P Montanana
   Company                                  :       Datatec Limited
   Class of security                        :       Ordinary shares
   Nature of transaction                    :       Off market receipt of
                                                    vested CSP shares
   Date of transaction                      :       3 June 2024
   Number of securities                     :       834,034
   Deemed price per share                   :       R37.29*
   Transaction value                        :       R 31,101,128
   Nature of interest                       :       Indirect beneficial
   Clearance obtained                       :       Yes


   Director                                 :       I P Dittrich
   Company                                  :       Datatec Limited
   Class of security                        :       Ordinary shares
   Nature of transaction                    :       Off market receipt of
                                                    vested CSP shares
   Date of transaction                      :       3 June 2024
   Number of securities                     :       294,692
   Deemed price per share                   :       R37.29*
   Transaction value                        :       R10,989,065
   Nature of interest                       :       Direct beneficial
   Clearance obtained                       :       Yes

   Company Secretary                        :       S P Morris
   Company                                  :       Datatec Limited
   Class of security                        :       Ordinary shares
   Nature of transaction                    :       Off market receipt of
                                                   vested CSP shares
   Date of transaction                      :       3 June 2024
   Number of securities                     :       142,812
   Deemed price per share                   :       R37.29*
   Transaction value                        :       R5,325,459
   Nature of interest                       :       Direct beneficial
   Clearance obtained                       :       Yes


   * the closing share price on 31 May 2024, the day before the vesting
   date.

2) DEFERRED BONUS PLAN ("DBP")

   Under the terms of the DBP which was approved by shareholders at the
   Company's annual general meeting held on 14 September 2017, Executive
   Directors and the Company Secretary deferred a portion of their FY21
   bonus to purchase Datatec shares under the terms of the DBP as detailed
   in SENS announcement on 7 June 2021 ("2021 DBP Shares"). Shares purchased
   in terms of the DBP are subject to an employment condition and only vest
   with the participant if they remain in employment with the Company for
   three years, otherwise the DBP shares will be forfeited. It is noted for
   completeness that the 2021 DBP Shares will vest with participants on 7
   June 2024. The shares (after any sale necessary to meet tax obligations)
   remain subject to a holding restriction preventing their sale for two
   further years until 7 June 2026.


6 June 2024

Sponsor
Pallidus Exchange Services Proprietary Limited

Date: 06-06-2024 08:00:00
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