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DTC - Datatec Limited - Grant and acceptance of rights to participate in share incentive plans by executive directors and the company secretary and dealing in securities by Directors Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC ("Datatec" or "the Company" or "the Group") GRANT AND ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS BY EXECUTIVE DIRECTORS AND THE COMPANY SECRETARY AND DEALING IN SECURITIES BY DIRECTORS 1) GRANT AND ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS Executive directors and the Company secretary have been granted rights on 17 May 2012 to participate in the Group`s share based incentive plans as follows: Share appreciation rights ("SARs") in respect of ordinary shares, which are subject to performance conditions and vest after three years, at a grant price of R44,55: Name Number of rights Nature of interest J P Montanana 333 433 rights indirect beneficial R P Evans 97 876 rights direct beneficial S P Morris 75 454 rights direct beneficial Long term incentive plan awards ("LTIP"), which are subject to performance conditions and vest after three years: Name Number of conditional awards Nature of interest J P Montanana 333 433 indirect beneficial R P Evans 73 704 direct beneficial S P Morris 56 590 direct beneficial The face value of these awards is R44,55 per award but the value to the participant is nil until (and if) the awards vest. On exercise of the SARs and on vesting of the LTIP awards a further announcement of the value received by the participants will be released. All rights and awards are subject to the rules of the respective share incentive plans, as amended and approved by shareholders at the annual general meeting held on 14 September 2011. Approval for the individual allocations and clearance to transact has been given. All these individual allocations as indicated above have been accepted, off the market, by the directors and the Company secretary respectively on 18 May 2012. 2) DEALING IN SECURITIES BY DIRECTORS Executive directors have purchased shares in Datatec in terms of the Datatec Limited Deferred Bonus Plan 2005 as amended and approved by shareholders at the AGM on 14 September 2011("Deferred Bonus Plan"). The ordinary shares have been purchased in the market utilising a specified portion of their annual bonus for the year ended 29 February 2012. These ordinary shares are held in trust and are pledged until the three year vesting date after which the Company would make a matching award subject to performance conditions. Jens Montanana has purchased 90,131 shares and Rob Evans has purchased 5,000 shares. Full details of the purchases are disclosed below in compliance with the JSE Limited ("JSE") Listings Requirements, and the AIM Rules: Director : J P Montanana Company : Datatec Class of security : Ordinary shares Nature of transactions : On market purchase of shares Date of transaction : 17 May 2012 Number of securities : 39 344 Purchase price* : R44,9959 per ordinary share Total value of securities : R 1 770 318,69 Nature of interest : Indirect beneficial Clearance obtained : Yes Date of transaction : 18 May 2012 Number of securities : 50 787 Purchase price* : R45,4258 per ordinary share Total value of securities : R 2 307 040,10 Nature of interest : Indirect beneficial Clearance obtained : Yes *The above purchase prices are averages of several trades on 17 May and 18 May 2012. On 17 May the highest share price at which Mr Montanana traded was ZAR 45,00 and the lowest share price was ZAR 44,99; on 18 May the highest share price at which Mr Montanana traded was ZAR 45,50 and the lowest share price was ZAR 44,85. After these purchases Mr Montanana holds 13 696 509 Datatec shares comprising 7,33% of the Company`s issued share capital. Director : R P Evans Company : Datatec Class of security : Ordinary shares Date of transaction : 18 May 2012 Nature of transaction : On market purchase of shares Number of securities : 5 000 Purchase price : R45,00 per ordinary share Total value of securities : R225 000,00 Nature of interest : Direct beneficial Clearance obtained : Yes After this purchase Mr Evans holds 5 000 Datatec shares. 21 May 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 21/05/2012 17:30:01 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.
