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DATATEC LIMITED - Pre-close year end trading statement

Release Date: 19/03/2013 09:00
Code(s): DTC     PDF:  
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Pre-close year end trading statement

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

Pre-close year end trading 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 statement for
the financial year ended 28 February 2013.

The Group has marginally adjusted its forecasts, published in the Interim Management Statement
(“IMS”) on 16 January 2013, for the financial year ended 28 February 2013.

Datatec now expects:
    •   revenues in the range $5.2 - $5.3 billion – previous forecast to be approximately $5.4
        billion;
    •   profit after tax* in the range $83.0 – $88.0 million - previous forecast to be in the range
        $80.0 - $90.0 million;
    •   underlying earnings per share** in the range 40.0 – 45.0 US cents - previous forecast to
        be in the range 40.0 – 47.9 US cents;
    •   earnings per share* in the range 38.0 – 43.0 US cents - previous forecast to be in the
        range 35.0 – 43.5 US cents; and
    •   headline earnings per share* in the range 38.0 – 43.0 US cents - previous forecast to be
        in the range 35.0 – 43.1 US cents.

The Group expects to maintain its distribution to shareholders, via a final capital reduction out of
contributed tax capital in lieu of a dividend, at 9 US cents (2012: 9 US cents), making a
distribution of approximately 17 US cents per share in total for the year ended 28 February 2013,
up from 16 US cents in 2012.

Since the IMS, Westcon has continued to report performance below expectations especially in the
US and Europe. In contrast Logicalis continues to perform strongly and slightly above plan. The
Group’s gross margin expansion has continued throughout FY13 and overall Latin America has
again proved to be its strongest market.

Separately, Datatec has reviewed Westcon’s participation in India which will lead the Group to
divest from its current venture. Discussions with the local partners have commenced. The
investment to date is not significant to the Group.

The Group expects to release its full year results for the financial year ended 28 February 2013
on or about Wednesday 15 May 2013.

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)
Jens Montanana, Chief Executive Officer                                       +44 (0) 1753 797118
Rob Evans – Chief Financial Officer                                           +44 (0) 20 7395 9012
Wilna de Villiers – Group Marketing Manager                                    +27 (0) 11 233 1013

Jefferies International Limited – Nominated Advisor 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/Rozi Morris (UK)                                             + 44 (0) 20 7457 2020
Frederic Cornet/Lexi Ball (SA)                                                 +27 (0) 11 447 3030


Sandton
19 March 2013

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

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