DATATEC LIMITED - Trading Update

Trading Update

DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC

TRADING UPDATE

Datatec, ("Datatec" or "the Group", JSE and LSE: DTC), the
international Information and Communications Technology (ICT)
group, is today publishing a trading update because Westcon’s
performance in the third quarter has been weaker than expected.
The Board now considers it unlikely that the Group will reach its
published forecasts.

Since the Group published its half year results on 17 October
2012, Westcon’s trading in Q3 has been slower than expected and
comparatively lower than the same period last year.   Continued
weak conditions in Europe, business disruption in North America
due to hurricane Sandy and lower than expected Federal business
have negatively affected trading so far in the second half.

Logicalis continues to trade strongly and in line with
expectation. Demand in the Consulting Services division has
weakened in the second half.

The Group’s published forecasts for the financial year ending 28
February 2013 are for revenues of between $5.5 billion and $5.8
billion, profit after tax** of approximately $104 million,
underlying* earnings per share of approximately 55 US cents and
earnings** and headline earnings** per share of approximately 50
US cents.

The Group will issue its next Interim Management Statement (IMS)
as usual in mid-January 2013. This will include an updated
forecast for the financial year to 28 February 2013 and encompass
the important trading in December.

Separately Dean Douglas, President and CEO of Westcon Group, is
presenting at an investor conference in Cape Town today.   No new
material information will be provided during the day. Copies of
the presentation will be available on Datatec’s website.


* Excluding goodwill and intangibles impairment, amortisation of
acquired intangible assets, acquisition-related adjustments,
profit or loss on sale of assets and businesses, fair value
movements on acquisition-related financial instruments and
unrealised foreign exchange movements.

** 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.

Enquiries:

Datatec Limited
(www.datatec.co.za)
Jens Montanana, Chief Executive
Officer                                   +44(0) 1753 797118
Rob Evans – Chief Financial Officer       +27(0) 11 233 1221
Wilna de Villiers – Group Marketing
Manager                                   +27(0) 11 233 1013

Jefferies International Limited – Nominated Adviser and
Broker
Nick Adams/Alex Collins                  +44(0) 20 7029 8000

finnCap– Broker
Tom Jenkins/Henrik Persson               +44(0) 20 7220 0500
College Hill
Adrian Duffield/Jon Davies/Rozi
Morris (UK)                              +44(0) 20 7457 2020
Frederic Cornet/Lexi Ball (SA)            +27(0) 11 447 3030


Sandton
3 December 2012

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

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