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DTC - Datatec Limited - Interim earnings up more than 33% and interim capital distribution to be paid Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC INTERIM EARNINGS UP MORE THAN 33% AND INTERIM CAPITAL DISTRIBUTION TO BE PAID Datatec, ("Datatec" or the "Group", JSE and LSE: DTC), the international Information and Communications Technology (ICT) group, is currently finalising its results for the six months ended 31 August 2011 ("the Period"), which will be published on 12 October 2011. As a JSE listed company, Datatec is required to publish trading statements if the financial results for a given period are more than 20% higher than the results of the previous corresponding period. As described in more detail below, underlying* earnings per share, earnings per share and headline earnings per share for the Period are expected to be more than 20% higher than the previous corresponding period of six months ended 31 August 2010 (the "Comparative Period"). Group revenues for the Period are expected to be approximately $2.4 billion, compared to approximately $2.1 billion in the Comparative Period, with overall margin expansion. Underlying* earnings per share for the Period are expected to be between 21 and 22 US cents per share, compared to 15.8 US cents per share for the Comparative Period, an increase of between 33% and 39%. Earnings per share and headline earnings per share are expected to be between 19 and 20 US cents per share, compared to 8.8 US cents in the Comparative Period, an increase of between 116% and 127%. Interim cash distribution by way of a capital reduction The Board has resolved to amend the group`s dividend / capital distribution payment policy from making a single annual payment to making both interim and final distributions with immediate effect. The dividend cover policy of at least three times relative to underlying* earnings per share will apply to both interim and final distributions. The first interim distribution will accordingly be declared for the period ended 31 August 2011 with the interim results announcement on 12 October 2011. Financial information The financial information on which this statement is based has not been reviewed and reported on by Datatec`s auditors. *Underlying earnings per share excludes goodwill and intangibles impairment, amortisation of acquired intangible assets, profit or loss on sale of assets and businesses, fair value movements on acquisition related financial instruments and unrealised foreign exchange movements Enquiries: Datatec Limited (www.datatec.co.za) Ivan Dittrich - Chief Financial Officer +27 (0) 11 233 1221 Wilna de Villiers - Group Marketing Manager +27 (0) 11 233 1013
Jefferies International Limited Chris Snoxall +44 (0) 20 7029 8000 College Hill Adrian Duffield/Rozi Morris (UK) +44 (0) 20 7457 2020 Frederic Cornet (SA) +27 (0) 11 447 3030 Sandton 15 September 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 15/09/2011 08:00:38 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
