DATATEC LIMITED - Dealing in securities by an associate of a director

Dealing in securities by an associate of a director

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

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

Datatec has received a notification from Mr C S Seabrooke of a
sale of Datatec shares by Sabvest Limited (“Sabvest”) which is
controlled by The Seabrooke Family Trust. The sale is part of
general portfolio reduction by Sabvest to fund its final special
dividend to use expiring STC credits.

Full details of the sale are disclosed below in compliance with
the JSE Limited Listings Requirements, and the AIM Rules:

Director                     :    C S Seabrooke
Company                      :    Datatec
Class of security            :    Ordinary shares
Nature of transaction        :    On market sale of shares by an
                                  associate
Date of transaction          :    16 May 2014
Number of securities         :    500 000
Sale price*                  :    R51,4001 per ordinary share
Total value of securities    :    R25 000 050
Nature of interest           :    Dealings by an associate
                                  (indirect non-beneficial)
Clearance obtained           :    Yes

After this sale Sabvest holds 200 000 Datatec shares comprising
0,10% of the Company’s issued share capital.

*The above sale price is an average of several trades on 16 May
2014. The highest share price at which Sabvest traded was R51,50
and the lowest share price was R51,40.

19 May 2014

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

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