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")

Dealings in securities by the DBW Plan, directors and the company secretary
Datatec announces the first grants under the terms of its Deferred Bonus Warrants (“DBW”) Plan which is
explained in the Remuneration Report included in the Annual Report published on 21 June 2022.

Participants in the DBW Plan have deferred a portion of their FY22 bonus which has been used to purchase
Datatec shares “Bonus Shares” which will be held in escrow until vesting. The Company has made a co-
investment equal to the amount of bonus deferred in the form of a grant of share appreciation rights (SARs).
The number of SARs awarded was determined by the Remuneration Committee based on an estimate of the
fair value of the SARs at the date of grant in relation to the market value of a Datatec share.

Bonus Shares purchased and the SARs granted in terms of the DBW Plan are subject to an employment
condition and only vest with the participant if they remain in employment with the Company for
approximately three years to the vesting date on 30th June 2025. In addition, there is a two-year, post vesting
holding period which applies to the Bonus Shares and any shares arising from exercise of the SARs within
two years of vesting.

The DBW Plan has purchased a total of 356,656 Datatec ordinary shares in the open market in respect of the
Bonus Shares due to the participants of the DBW Plan. The number of shares to be purchased was calculated
based on the Rand value of bonus deferred divided by R39.19 being the 30-day volume weighted average
share price on 24 May 2022, the date of the Group’s FY22 Results Announcement. The number of shares to
be purchased was increased by 3.01824% being the ratio applicable to the FY22 scrip distribution paid on 18
July 2022 between the deferral of the bonus and the grant of Bonus Shares. These shares were acquired, with
prior clearance, at a volume-weighted-average price of R46.1425 per share. The total transaction value
amounted to R16,457,012.63. The details of the various transactions effected by the DBW Plan are set out
below:


 Date of        Number of       Average           Highest price   Lowest price         Transaction value
 transaction    securities      purchase price    traded          traded
                                R                 R               R                    R
 10-Aug-22      88,495          44.0121           44.50           43.99                3,894,850.79
 11-Aug-22      23,993          45.2657           45.40           44.99                1,086,059.94
 12-Aug-22      88,887          46.9831           47.28           46.22                4,176,186.81
 15-Aug-22      155,281         47.0110           47.50           46.75                7,299,915.09

The Datatec shares acquired in the above purchases have been allocated to participants between 10 to 15
August 2022 in the DBW Plan including Directors and the Company Secretary as Bonus Shares:
 DBW Participants         Role                   Number of        Nature of interest      Rand Value
                                                 securities
 J P Montanana            Director               257,545          Direct beneficial       11,883,770.16
 I P Dittrich             Director               51,021           Direct beneficial       2,354,236.49
 S P Morris               Company Secretary      13,964           Direct beneficial       644,333.87
SARs in respect of Datatec ordinary shares were granted in terms of the DBW Plan on 12 August 2022 with
a grant price of R39.19 per SAR being the 30-day volume weighted average share price on 24 May 2022, the
date of the Group’s FY22 Results Announcement. The value of the grant is shown in the table below based
on the difference between the grant price and the average purchase price of the Bonus Shares as noted above.
The value to a participant is however nil until and if the SARs vest and are exercised. On vesting and
exercise of the SARs, a further announcement of the value received by the participants will be released.

The SARs granted to the Directors and Company Secretary were as follows:


 Name                   Role                   Number of SARs       Rand value        Nature of interest

 J P Montanana          Director               1 000 000            6,952,500         direct beneficial
 I P Dittrich           Director               198,108              1,377,346         direct beneficial
 S P Morris             Company Secretary      54,220               376,965           direct beneficial

Approval for the individual DBW Bonus Shares and SARs granted to the directors and the company
secretary and clearance to deal has been given and the DBW SARs have been accepted, off market, on 15
August 2022.



16 August 2022

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