DATATEC LIMITED - Ratio applicable to the scrip distribution

Ratio applicable to the scrip distribution

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

RATIO APPLICABLE TO THE SCRIP DISTRIBUTION

Shareholders are referred to the Company’s audited financial
results for the year ended 28 February 2015, published on the
Stock Exchange News Service (“SENS”) on 13 May 2015 (“Results
Announcement”)in which they were advised of the Company’s
declaration of the final distribution of fully-paid Datatec
ordinary shares of one cent each (“the Scrip Distribution”) to
ordinary shareholders (“Shareholders”) recorded in the register of
the Company at the close of business on the Record Date, being
Friday, 17 July 2015 (“the Record Date”).

Shareholders will, however, be entitled to elect to receive a cash
dividend of 108 ZAR cents per ordinary share of one cent each held
on the Record Date in respect of all or part of their ordinary
shareholding, instead of the Scrip Distribution (“the Cash
Dividend”).

A circular setting out the terms of the Scrip Distribution and
Cash Dividend alternative, including a Form of Election, was
posted to shareholders on 19 June 2015 (“the Circular”). In
addition, the Circular is available on the Company’s website,
www.datatec.com or www.datatec.co.za.

The Cash Dividend will be paid only to those:

       -   certificated Shareholders whose Forms of Election to
           receive the Cash Dividend, in respect of all or part of
           their shareholding, are received by the Transfer
           Secretaries on or before 12h00 noon (11h00 UK time) on
           Friday, 17 July 2015; and
       -   dematerialised Shareholders who have instructed their
           CSDP or broker accordingly and in the manner and time
           stipulated in their agreement with such CSDP or broker.

The number of Scrip Distribution shares to which each Shareholder
will become entitled pursuant to the Scrip Distribution (to the
extent that such Shareholder has not elected to receive the Cash
Dividend) will be determined by reference to such Shareholder’s
ordinary shareholding in Datatec (at the close of business on the
Record Date) in relation to the ratio that 108 ZAR cents bears to
6651 ZAR cents, representing the volume weighted average price of
an ordinary Datatec share traded on the JSE during the 30-day
trading period ending on Thursday, 2 July 2015. The ratio of Scrip
Distribution shares to which each Shareholder will become entitled
pursuant to the Scrip Distribution (to the extent that such
Shareholder has not elected to receive the Cash Dividend) is
therefore 1.62382 Scrip Distribution shares for every 100 ordinary
shares held on the Record Date:
100 x 108 ZAR cents
6651 ZAR cents        = 1.62382

If the application of this ratio gives rise to a fraction of an
ordinary share, no fractional entitlement shall arise and the
result of such calculation will be rounded up to the nearest whole
number where the fraction is greater than or equal to 0.5 and
rounded down to the nearest whole number where the fraction is
less than 0.5 (the “Rounding Provision”).

Example of Scrip Distribution entitlement:
This example assumes that a Shareholder holds 1000 ordinary shares
at the close of business on the Record Date and does not elect to
receive the Cash Dividend in respect of all or part of their
shareholding.

New ordinary share entitlement = 1000 x 1.62382%
= 16.2382 new shares
(then apply the Rounding Provision described above)
= 16 Scrip Distribution shares in respect of the 1000 ordinary
shares held.

Sandton
Friday, 3 July 2015

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

Date: 03/07/2015 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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