Westcon acquires cloud services business Verecloud Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC (“Datatec” or “the Group”) Westcon acquires cloud services business Verecloud Datatec Limited, the international Information and Communications Technology (ICT) group, announces that Westcon Group (“Westcon”) has acquired the assets of US based Verecloud, Inc. (“Verecloud”), the developer of an advanced channel distribution platform for cloud and services solutions, for $12 million. Established in 2006, Verecloud’s cloud services platform aggregates best-in-class cloud solutions and services and acts as a brokerage providing businesses with complete access and control of all their cloud applications from one portal. The platform will be incorporated into Westcon’s Cloud Solutions Practice and form the foundation for its cloud go-to-market solution which is designed to help resellers drive significant revenue from cloud-enabled services. The acquisition consideration will be settled through the issue of Datatec shares in three tranches, with the first tranche consisting of the allotment of 1,998,831 ordinary ZAR 0.01 shares. The second and third tranches are dependent on a number of conditions and will become payable one and two years after the transaction date, respectively. Applications have been made to the JSE and LSE for the listing of the 1,998,831 first tranche shares, which is expected to become effective on 12 September 2014. After this issue, Datatec will have an issued share capital of 199,548,183 shares of which 105,908 are Treasury shares. Jens Montanana, Datatec's Chief Executive Officer commented: “Verecloud enables Westcon to bring powerful channel-optimized cloud solutions and services distribution capabilities to the market. Over the past 18 months, they have co- developed a truly differentiated cloud go-to-market capability. They are well positioned to leverage the potential that cloud has for technology vendors, and for resellers to broaden their service solutions.” Sandton 4 September 2014 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Enquiries: Datatec Limited (www.datatec.co.za) Jens Montanana – Chief Executive Officer +44 (0) 1753 797118 Jurgens Myburgh – Chief Financial Officer +27 (0) 11 233 3301 Wilna de Villiers – Group Marketing Manager +27 (0) 11 233 1013 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 Instinctif Partners Frederic Cornet/Bianca Samson (SA) +27 (0) 11 447 3030 Adrian Duffield/Chantal Woolcock (UK) +44 (0) 20 7457 2020 Date: 04/09/2014 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.