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




RESULTS OF THE CASH DIVIDEND AND THE SCRIP DISTRIBUTION ALTERNATIVE


Datatec shareholders (“Shareholders”) are referred to the announcement regarding the
Company’s audited financial results for the year ended 28 February 2023 and declaration of a cash
dividend with a scrip distribution alternative released on the Stock Exchange News Service
(“SENS”) of the JSE Limited (“JSE”) on Tuesday, 23 May 2023, in terms of which the board of
directors of the Company declared a gross cash dividend of 195 ZAR cents (“Cash Dividend”) per
Datatec ordinary share (“Datatec Share”) held on the record date, being Friday, 14 July 2023
(“Record Date”). Shareholders were advised that they would be entitled to elect to receive a scrip
distribution of new, fully paid Datatec Shares in proportion to their ordinary shareholding in Datatec
on the Record Date instead of the Cash Dividend (“Scrip Distribution” or “Scrip Distribution
Alternative”).

Shareholders were entitled to receive the Cash Dividend of 195 ZAR cents per Datatec Share in
respect of their shareholding as at the close of trading on the JSE on the Record Date, in proportion
to their ordinary shareholding in Datatec and to the extent that such Shareholders had not elected
to receive the Scrip Distribution Alternative in respect of all or a part of their shareholding.

Shareholders were entitled to elect to receive that number of Scrip Distribution shares determined
in the ratio of 5.35454 Scrip Distribution shares for every 100 ordinary shares held on the Record
Date, instead of the Cash Dividend.

Shareholders recorded in the register of the Company at the close of business on the Record Date
holding 138,893,071 Datatec Shares did not elect to receive the Scrip Distribution Alternative and
will therefore receive the gross Cash Dividend of 195 ZAR cents per Datatec Share (where
applicable, 156 ZAR cents per Datatec Share, net of applicable Dividend Withholding Tax) resulting
in a total gross Cash Dividend of ZAR 270,841,488.45 which was paid out of the distributable
retained profits of the Company.

In terms of the Scrip Distribution Alternative, 4,606,140 new Datatec Shares were issued today to
Shareholders who elected to receive the Scrip Distribution shares in respect of all or part of their
shareholding, resulting in a capitalisation of distributable retained profits of the Company of ZAR
167,745,093.

The Cash Dividend payments were made, and Central Securities Depository Participant/broker
accounts of dematerialised Shareholders and certificated Shareholders were credited today. No
share certificates were dispatched to certificated shareholders in respect of the Scrip Distribution.
Johannesburg
17 July 2023

Sponsor
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Legal Advisors
Bowmans