DATATEC LIMITED - Share incentive schemes and dealing in securities by a director

Share incentive schemes and dealing in securities by 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" or "the Group")

SHARE INCENTIVE SCHEMES AND DEALING IN SECURITIES BY A DIRECTOR

Datatec Limited (“Datatec” or the "Company", JSE and LSE: DTC), announces the following in relation to the
Share Appreciation Rights Scheme 2005 (“SAR Scheme”), the Long Term Incentive Plan ("LTIP") and the
Deferred Bonus Plan ("DBP"). These share incentive schemes are subject to the rules originally approved by
shareholders at the Company’s annual general meeting held on 16 August 2005 and subsequently amended
and approved by shareholders at the annual general meeting held on 14 September 2011.

1) SAR Scheme - May 2011 grants - outcome

The Share Appreciation Rights (“SARs”) granted in May 2011 have not vested following an evaluation of the
Company’s performance against prescribed conditions in accordance with the rules of the SAR Scheme. This
was the second retest of these SARs which were the last grant to have retesting provisions attaching.

2) SAR Scheme and LTIP - May 2013 grants - outcome

The Share Appreciation Rights (“SARs”) and LTIP awards granted in May 2013 have not vested following an
evaluation of the Company’s performance against prescribed conditions in accordance with the rules of the
SAR Scheme and LTIP. Accordingly, the SARs and LTIP awards granted in May 2013 have lapsed.

3) DBP – May 2013 grants - settlement of matching shares

In relation to the May 2013 grants under the DBP, 30,000 Datatec shares have been transferred to
participants in accordance with the rules of the DBP.

Under the terms of the DBP, participants may purchase Datatec shares ("pledged shares") and hold them for
three years ( “performance period”) after which time the Company will transfer shares ("matching shares”)
to the participants, subject to performance conditions being fulfilled.

Two participants purchased pledged shares in May 2013 and are entitled to receive matching shares in
accordance with the terms of their grant letters amounting to 50% of the number of pledged shares
purchased plus additional shares in lieu of the dividends notionally accruing to the matching shares during
the three year performance period. Full details of the transfer of matching shares to the participant who is
currently a Director of Datatec 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                      :        25 May 2016
Number of securities                     :        27,536
Deemed transfer price                    :        R 46.16*
Transaction value                        :        R 1,271,061.76
Nature of interest                       :        Indirect beneficial
Clearance obtained                       :        Yes

Following this transaction Mr Montanana will hold 15,034,128 Datatec shares, representing 7.18% of the
Company’s issued share capital.

4) Treasury share transactions

In order to settle the DBP settlements in (3) above, the Datatec Share Incentive Trust 2005 (the “Trust”)
transferred 30,000 Datatec shares to participants:

Nature of transaction                   :      Off market transfer of shares
Class of security                       :      Datatec ordinary shares

Date of transaction                     :      25 May 2016
Number of Datatec shares                :      30,000
Price per share                         :      R 46.16*
Transaction value                       :      R 1,384,800

Clearance obtained                      :      Yes

After this transfer from Treasury, Datatec has 209,448,161 shares in issue, of which 100,000 are Treasury
shares.

* the 30 day volume weighted average share price on 11 May 2016, the day of the FY16 Results
Announcement.

Enquiries:

Datatec Limited (www.datatec.com)

Jens Montanana – Chief Executive Officer                         +44 (0) 1753 797 118

Jurgens Myburgh – Chief Financial Officer                        +27 (0) 11 233 3301

Wilna de Villiers – Group Investor Relations                     +27 (0) 11 233 1013
Manager

Jefferies International Limited – Nominated Advisor and Broker

Nick Adams/Alex Collins                                          +44 (0) 20 7029 8000

finnCap – Broker

Andrew Stewart                                                   +44 (0) 20 7220 0500

Instinctif Partners

Adrian Duffield/Chantal Woolcock (UK)                            +44 (0) 20 7457 2020

Frederic Cornet (SA)                                             +27 (0) 11 447 3030


26 May 2016

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

Date: 26/05/2016 05:00:00 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.