DATATEC LIMITED - Grant and acceptance of rights to participate in share incentive plans by executive directors

Grant and acceptance of rights to participate in share incentive plans by executive 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 16 May 2013 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 R50,25:
Name               Number of rights    Nature of interest
J P Montanana      330 689 rights      indirect beneficial
R P Evans           92 850 rights       direct beneficial
S P Morris          71 579 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           330 689                indirect beneficial
R P Evans                69 638                direct beneficial
S P Morris               53 684                direct beneficial

The face value of these awards is R50,25 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 12 June 2013.

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("DBP").
The ordinary shares have been purchased in the market utilising a
specified portion of their annual bonus for the year ended 28
February 2013. 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 25,000 shares and Rob Evans has
purchased 4,600 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           :    12 June 2013
Number of securities          :    25 000
Purchase price*               :    R57,3012 per ordinary share
Total value of securities     :    R 1 432 530,00
Nature of interest            :    Indirect beneficial
Clearance obtained            :    Yes

After these purchases Mr Montanana holds 15 338 426 Datatec shares
comprising 8,01% of the Company’s issued share capital.

Director                      :    R P Evans
Company                       :    Datatec
Class of security             :    Ordinary shares
Date of transaction           :    12 June 2013
Nature of transaction         :    On market purchase of shares
Number of securities          :    4 600
Purchase price*               :    R57,3012 per ordinary share
Total value of securities     :    R263 585,52
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes

After this purchase Mr Evans holds 35 752 Datatec shares.

*The above purchase prices are averages of several trades on 12
June 2013. On 12 June the highest share price at which Mr
Montanana and Mr Evans traded was ZAR 57,94 and the lowest share
price was ZAR 57,00.

13 June 2013

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

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