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 and LTIP – May 2014 grants - outcome

The Share Appreciation Rights (“SARs”) and LTIP awards granted in May 2014 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 2014 have lapsed.

2) DBP – May 2014 grants – settlement of matching shares

In relation to the May 2014 grants under the DBP, 56,753 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.

Three participants purchased pledged shares in May 2014 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                     :       22 June 2017
 Number of securities                    :       27,903
 Deemed transfer price                   :       R57.50*
 Transaction value                       :       R1,604,422.50
 Nature of interest                      :       Indirect beneficial
 Clearance obtained                      :       Yes

Following this transaction Mr Montanana will hold 15,197,844 Datatec shares, representing 7.17% of the
Company’s issued share capital.

3) Treasury share transaction

In order to settle the DBP settlements in (2) above, the Datatec Share Incentive Trust 2005 (the “Trust”)
transferred 56,753 Datatec shares to participants:

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

 Date of transaction                       :   22 June 2017
 Number of Datatec shares                  :   56,753
 Deemed transfer price                     :   R57.50*
 Transaction value                         :   R3,263,297.50

 Clearance obtained                        :   Yes

After this transfer from Treasury, Datatec has 211,967,622 shares in issue, of which 43,247 are Treasury
shares.

* the 30 day volume weighted average share price on 22 May 2017, the day of the FY17 Results
Announcement.

Enquiries:

 Datatec Limited (www.datatec.com)

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

 Ivan Dittrich – Chief Financial Officer                                         +27 (0) 11 233 3301

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

 Jefferies International Limited – Nominated Advisor and Broker

 Nick Adams/Simon Hardy                                                         +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/Pietman Roos (SA)                                               +27 (0) 11 447 3030



23 June 2017

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

Date: 23/06/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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