Completion of Comztek Acquisition and Issue of Shares Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC Completion of Comztek Acquisition and Issue of Shares Datatec, (“Datatec” or the “Group”, JSE and LSE: DTC), the international Information and Communications Technology (ICT) group, announces that, following fulfilment of all conditions precedent, the acquisition of Comztek Holdings Limited (“Comztek”), the full terms of which were announced on 30 November 2012, completed on 31 May 2013 (“the Acquisition”). The cash portion of the R88 million total consideration was settled by the payment of R48 million in cash funded from new loan finance (R27.4 million to Mustek; R20.6 million to the Management Sellers, including the contingent consideration of R8 million which became payable after Comztek met all required EBITDA performance conditions). The remaining portion of the consideration (R40 million) will be settled by the allotment of 752,606 new Datatec ordinary shares of ZAR0.01. Application has been made to the London Stock Exchange for the admission of these shares to the Alternative Investment Market, and to the JSE Limited for the listing of these shares. Listing on both exchanges is expected to become effective on 12 June 2013. Following this listing of shares, Datatec will have an issued share capital of 196,531,984 ordinary ZAR0.01 shares of which 633,392 are Treasury Shares held by the Datatec Share Incentive Trust 2005. Small related party transaction per the Listings Requirements of the JSE The reorganisation planned to follow completion of the Acquisition involves Mineworkers Investment Corporation (“MIC” - the material B-BBEE shareholder in Datatec’s subsidiary, Westcon South Africa Proprietary Limited “WSA”), two of whose executive officers are currently non-executive directors of WSA. MIC is recognised as a related party and the Acquisition is accordingly deemed a small related party transaction as defined in terms of the JSE Listings Requirements Accordingly, the directors of Datatec are required to provide the JSE with written confirmation from an independent professional expert that the terms of the Acquisition are fair insofar as the shareholders of Datatec are concerned. BDO Corporate Finance, an independent professional expert acceptable to the JSE was appointed and has confirmed the Acquisition to be fair to shareholders. The opinion, which is still subject to JSE approval, is available for inspection at Datatec’s registered office. Sandton Monday, 3 June 2013 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 Comztek Holdings (Pty) Ltd Paul Conradie, Managing Director +27 (0) 11 848 9022 Andries Coetzee, Financial Director +27 (0) 11 848 9020 Michelle Chettoa, Marketing Manager +27 (0) 11 848 9512 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/Rozi Morris (UK) +44 (0) 20 7457 2020 Frederic Cornet/Lexi Ball (SA) +27 (0) 11 447 3030 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 03/06/2013 08:00:00 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.