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

SHARE INCENTIVE SCHEMES VESTING: DEALINGS IN SECURITIES BY DIRECTORS AND
THE COMPANY SECRETARY

Datatec announces the following in relation to its share incentive schemes:

1) CONDITIONAL SHARE PLAN (“CSP”)

   The CSP was approved by shareholders at the Company’s annual general
   meeting held on 14 September 2017.

   The CSP awards granted in June 2020 had two performance conditions: an
   underlying EPS growth condition applying to one-third of the award and a
   Total Shareholder Return (“TSR”) condition applying to two-thirds of the
   award.

   The Remuneration Committee has determined that 100% of the June 2020 CSP
   awards would vest on 1 June 2023 as both performance conditions have been
   achieved.

   Accordingly, the off-market transfer of 2,974,217 Datatec shares to
   participants in the June 2020 CSP has been initiated on 1 June 2023.

   Details of the transfer of Datatec shares to the participants of the 2020
   CSP who are Directors and the Company Secretary of Datatec are disclosed
   below, in compliance with the JSE Limited Listings Requirements:

   Director                                :       J P Montanana
   Company                                 :       Datatec Limited
   Class of security                       :       Ordinary shares
   Nature of transaction                   :       Off market receipt of
                                                   vested CSP shares
   Date of transaction                     :       1 June 2023
   Number of securities                    :       1,256,488
   Deemed price per share                  :       R38.03*
   Transaction value                       :       R 47,784,239
   Nature of interest                      :       Indirect beneficial
   Clearance obtained                      :       Yes


   Director                                :       I P Dittrich
   Company                                 :       Datatec Limited
   Class of security                       :       Ordinary shares
   Nature of transaction                   :       Off market receipt of
                                                   vested CSP shares
   Date of transaction                     :       1 June 2023
   Number of securities                    :       443,518
   Deemed price per share                  :       R38.03*
   Transaction value                       :       R 16,866,990
   Nature of interest                      :       Direct beneficial
   Clearance obtained                      :       Yes

   Company Secretary                       :       S P Morris
   Company                                 :       Datatec Limited
   Class of security                       :       Ordinary shares
   Nature of transaction                    :       Off market receipt of
                                                    vested CSP shares
   Date of transaction                      :       1 June 2023
   Number of securities                     :       186,687
   Deemed price per share                   :       R38.03*
   Transaction value                        :       R 7,099,707
   Nature of interest                       :       Direct beneficial
   Clearance obtained                       :       Yes


   * the closing share price on 31 May 2023, the day before the vesting
   date.

2) DEFERRED BONUS PLAN (“DBP”)

   Under the terms of the DBP which was approved by shareholders at the
   Company’s annual general meeting held on 14 September 2017, Executive
   Directors and the Company Secretary deferred a portion of their FY20
   bonus to purchase Datatec shares under the terms of the DBP as detailed
   in SENS announcement on 18 June 2020. Shares purchased in terms of the
   DBP are subject to an employment condition and only vest with the
   participant if they remain in employment with the Company for three years,
   otherwise the DBP shares will be forfeited. It is noted for completeness
   that the 2020 DBP shares will vest with participants on 17 June 2023.
   The shares (after any sale necessary to meet tax obligations) remain
   subject to a holding restriction preventing their sale for two further
   years until 17 June 2025.

3) TREASURY SHARES

   Following the CSP settlement above, the Company holds 25,783 Treasury
   Shares.


2 June 2023

Sponsor
Pallidus Exchange Services Proprietary Limited