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DTC - Datatec Limited - Pre-close year end statement DATATEC LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC PRE-CLOSE YEAR END STATEMENT Datatec, ("Datatec" or the "Group", JSE and LSE: DTC), the international Information and Communications Technology ("ICT") group, is today publishing a year-end trading update for the financial year ended 29 February 2012. The Group`s profitability and earnings for the full year are expected to be in line with the original forecasts published during 2011 and confirmed in the Interim Management Statement on 18 January 2012 ("IMS"). Since the Group reported its IMS on 18 January 2012, conditions have remained challenging in North America and Europe. There have been signs of recovery emerging in the US, however the environment in the UK is still very weak. Latin America, in particular Brazil, had another period of exceptional performance. For the financial year ending 29 February 2012, the Group expects revenues of approximately $5 billion (2011: $4.3 billion), profit after tax* of approximately $84 million (2011: $46 million), underlying** earnings per share of approximately 47 US cents (2011: 37.9 US cents) and both earnings* and headline* earnings per share of approximately 42 US cents (2011: 22.8 and 23.9 US cents respectively). The Group expects to release its full year results for the financial year ending 29 February 2012 on or about Wednesday 16 May 2012. The financial information on which this statement is based has not been reviewed and reported on by Datatec`s external auditors. *The forecasts for profit after tax, earnings per share and headline earnings per share do not take into account any fair value gains or losses on acquisition related financial instruments (including put option liabilities), which are required under IFRS. **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 +27 (0) 11 233 1221 Officer Jefferies Hoare Govett - Nominated Advisor and Broker Nick Adams/Tom Rider +44 (0) 20 7029 8000
finnCap - Broker Tom Jenkins/Henrik Persson +44 (0) 20 7220 0500 College Hill Adrian Duffield/Rozi Morris +44 (0) 20 7457 2020 (UK) Frederic Cornet (SA) +27 (0) 11 447 3030 Sandton 15 March 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 15/03/2012 09:00:01 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.
