Settlement of awards under share schemes and dealing in securities by directors Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC Settlement of awards under share schemes and dealing in securities by directors 1) Long Term Incentive Plan Datatec Limited (“Datatec” or the "Company", JSE and LSE: DTC), announces that the Long Term Incentive Plan ("LTIP") awards granted in May 2011 have not vested following evaluation of the Company’s performance against prescribed conditions in accordance with the rules of the LTIP. All rights and rewards are subject to the rules of the LTIP as approved by shareholders at the annual general meeting held on 16 August 2005. Amendments to the LTIP were approved by shareholders at the annual general meeting held on 14 September 2011. The LTIP awards granted in May 2011 have therefore lapsed. 2) Settlement of awards under Deferred Bonus Plan Under the terms of the Deferred Bonus Plan ("DBP"), as approved by shareholders at the annual general meeting held on 16 August 2005 and amended by shareholders at the annual general meeting held on 14 September 2011, participants may purchase Datatec shares ("pledged shares") and hold them for three years after which time the Company will issue or transfer the same number of shares ("matching" shares”) to the participants. JP Montanana purchased pledged shares in May 2011 and remained in the employment of the Company during the performance period and is consequently entitled to receive matching shares. Full details of the transfer of matching shares are disclosed below in compliance with the JSE Limited ("JSE") Listings Requirements, and the AIM Rules: Director : J P Montanana Company : Datatec Limited Class of security : Ordinary shares Nature of transaction : Off market transfer of shares from Treasury Date of transaction : 22 May 2014 Number of securities : 50 570 Deemed price : R 50,55 Transaction value : R 2 556 313,50 Nature of interest : Indirect beneficial Clearance obtained : Yes Following this transaction Mr Montanana will hold 15 513 996 Datatec shares comprising 7,87% of the Company’s issued share capital. 3) Purchase of pledged shares under Deferred Bonus Plan Executive directors are entitled to purchase shares in Datatec annually in terms of the DBP. These ordinary shares are held in trust and are pledged until the three year vesting date after which the Company will make a matching award subject to performance conditions. Full details of this year’s purchases to date are disclosed below in compliance with the JSE Limited ("JSE") Listings Requirements, and the AIM Rules: Director : P J Myburgh Company : Datatec Limited Class of security : Ordinary shares Nature of transactions : On market purchase of shares Date of transaction : 21 May 2014 Number of securities : 48 500 Purchase price : ZAR 51,00 per ordinary share Total value of securities : ZAR 2 473 500 Nature of interest : Direct beneficial Clearance obtained : Yes This purchase represents Mr Myburgh’s total holding of Datatec shares. 4) Use of Treasury Shares The settlement of the 2011 DBP share based remuneration as described in (2) above has been made using shares held by the Datatec Employee Share Incentive Trust (the “Trust”). Following the transfer there remain 153 170 Treasury Shares held by the Trust. Enquiries: Datatec Limited (www.datatec-group.com) Jens Montanana – Chief Executive Officer +44 (0) 1753 797 118 Rob Evans – Chief Financial Officer +44 (0) 20 7395 9012 Wilna de Villiers – Group Marketing +27 (0) 11 233 1013 Manager 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 Instinctif Partners Adrian Duffield (UK) + 44 (0) 20 7457 2020 Frederic Cornet (SA) +27 (0) 11 447 3030 23 May 2014 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 23/05/2014 03:00:00 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.