Cash payment 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") CASH PAYMENT APPLICABLE TO THE SCRIP DISTRIBUTION Shareholders are referred to the announcement released on the Stock Exchange News Service (“SENS”) on Wednesday, 3 July 2019 in which they were advised of the Company’s declaration of a gross Cash Dividend of 100 ZAR cents per ordinary Datatec share held on the Record Date, being Friday 26 July 2019 (“Cash Dividend”). Shareholders will, however, be entitled to elect to receive a scrip distribution of new, fully-paid Datatec ordinary shares in proportion to their ordinary shareholding in Datatec on the Record Date (“Scrip Distribution Alternative”), instead of the Cash Dividend. The ratio applicable to the Scrip Distribution entitlement was announced on SENS on Tuesday, 16 July 2019, being 2.80269 Scrip Distribution shares for every 100 Datatec ordinary shares held on the Record Date. If the application of this ratio gives rise to a fraction of a new ordinary share, such fraction of a new ordinary share will be rounded down to the nearest whole number, resulting in allocations of whole ordinary shares and a cash payment for the fraction (“Rounding Provision”). In accordance with the requirements of the JSE Limited, the cash payment has been determined with reference to the volume weighted average price of a Datatec ordinary share traded on the JSE on Wednesday, 24 July 2019 (being the day on which a Datatec ordinary share began trading ‘ex’ the entitlement to receive the Cash Dividend or the Scrip Distribution Alternative), discounted by 10%. Shareholders are accordingly advised that the basis applicable in determining the cash payment for the fractional entitlement is 2943 ZAR cents (3270 ZAR cents, discounted by 10%) Example of fractional entitlement: This example assumes that a shareholder holds 100 Datatec ordinary shares at the close of business on the Record Date and elects to receive the Scrip Distribution shares in respect of all their shareholding. New ordinary share entitlement = 100 x 2.80269% = 2.80269 new ordinary shares. The Rounding Provision described above is then applied and the shareholder will receive: 2 Scrip Distribution shares in respect of the 100 ordinary shares held and a cash payment for the fractional entitlement of 0.80269 x 2943 = 2362 ZAR cents. Thursday, 25 July 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 25/07/2019 09:30:00 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.