Datatec Limited (JSE:DTC) News - Share incentive schemes: Dealings in securities by the Company

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: DEALINGS IN SECURITIES BY THE COMPANY

Datatec announces the following in relation to its Share Appreciation
Rights (“SARs”) Scheme which was originally approved by shareholders at the
Company’s annual general meeting held on 16 August 2005 and subsequently
amended and approved by shareholders at the annual general meeting held on
14 September 2011.

Holders of SARs granted in May 2015 have exercised their SARs and the
Company has purchased Datatec shares in the market and transferred them to
the SARs holders in settlement of the exercises:

Nature of transaction                    :    On market purchase of shares
Class of security                        :    Ordinary shares
Date of transaction                      :    8 February 2022
Number of Datatec shares                 :    34,492
Volume weighted average purchase price   :    R37.7805
Highest price traded                     :    R38.00
Lowest price traded                      :    R37.72
Transaction value                        :    R1,303,125
Nature of interest                       :    Direct non-beneficial
Clearance obtained                       :    Yes

Nature of transaction                    :    Off market transfer of shares
                                              to SARs holders
Class of security                        :    Ordinary shares
Date of transaction                      :    9 February 2022
Number of Datatec shares                 :    34,492
Deemed* transfer price                   :    R38.12
Deemed transaction value                 :    R1,314,835
Nature of interest                       :    Direct non-beneficial
Clearance obtained                       :    Yes

Nature of transaction                    :    On market purchase of shares
Class of security                        :    Ordinary shares
Date of transaction                      :    11 February 2022
Number of Datatec shares                 :    22,341
Volume weighted average purchase price   :    R37.6342
Highest price traded                     :    R37.70
Lowest price traded                      :    R37.60
Transaction value                        :    R840,784.55
Nature of interest                       :    Direct non-beneficial
Clearance obtained                       :    Yes

Nature of transaction                    :    Off market transfer of shares
                                              to SARs holders
Class of security                        :    Ordinary shares
Date of transaction                      :    14 February 2022
Number of Datatec shares                 :    22,341
Deemed* transfer price                   :    R38.71
Deemed transaction value                 :    R864,820.11
Nature of interest                       :    Direct non-beneficial
Clearance obtained                       :    Yes

*deemed price is the exercise price of the SARs

14 February 2022

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

Date: 14-02-2022 05:00:00
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