DATATEC LIMITED - Trading statement

Trading statement

Datatec Limited
Incorporated in the Republic of South Africa
(Registration Number: 1994/005004/06)
JSE share code: DTC
ISIN: ZAE000017745
("Datatec" or the "Company")

TRADING STATEMENT
Datatec Limited ("Datatec" or "the Group"), the international Information and Communications Technology (ICT)
company is publishing a trading statement for the financial year ending 28 February 2018 ("FY18").

In terms of paragraph 3.4(b)(i) of the JSE Limited Listings Requirements, companies are required to publish a trading
statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the
period to be reported on next will differ by at least 20% from the previous corresponding reporting period ("FY17").

In terms of paragraph 3.4(b)(iii) of the JSE Listings Requirements, Datatec has a reasonable degree of certainty that
the financial results for FY18 will differ by at least 20% from the previous corresponding period, but does not yet have
a reasonable degree of certainty of the specific percentage or range difference in respect of its three earnings per
share metrics compared to FY17.

Accordingly, the Group expects that for FY18:

    •   Underlying* earnings per share will be at least 20% (at least 2.2 US cents) lower than the 11.0 US cents
        reported in FY17
    •   Headline earnings per share will be at least 20% (at least 0.4 US cents) lower than the 2.0 US cents
        reported in FY17
    •   Earnings per share will be at least 20% (at least 0.28 US cents) higher than the 1.4 US cents reported in
        FY17

The year over year decline in underlying* earnings per share and headline earnings per share is primarily as a
result of the sale of Westcon Americas to SYNNEX with effect from 1 September 2017, with the earnings from
Westcon Americas therefore only being included in the FY18 earnings for a 6 month period (compared to 12
months in FY17).

The year over year increase in earnings per share is as a result of the expected profit generated on the sale of
Westcon Americas to SYNNEX.

Datatec will release a further trading statement providing specific guidance on its three earnings per share metrics
as soon as practicable during the process of finalising the results for FY18.

The forecast financial information on which this trading statement is based has not been reviewed nor reported
on by the Group’s external auditors.

The Company expects to release its full year results for FY18 on SENS on or about 17 May 2018.


* underlying earnings per share excludes impairments of goodwill and intangible assets, profit or loss on sale of
investments and assets, amortisation of acquired intangible assets, unrealised foreign exchange movements,
acquisition-related adjustments, fair value movements on acquisition-related financial instruments, restructuring
costs relating to fundamental reorganisations and the taxation effect of all of the aforementioned.

Johannesburg
25 January 2018

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

Date: 25/01/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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