DTC - Datatec - Westcon Increases Credit Facilitie
8 August 2007 8:00
DTC
 DTC                                                                             
DTC - Datatec - Westcon Increases Credit Facilities In North America And Europe 
              By $156m To $360m                                                 
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")                                     
WESTCON INCREASES CREDIT FACILITIES IN NORTH AMERICA AND EUROPE BY $156M TO     
$360M                                                                           
Datatec Limited ("Datatec", "the Group", JSE and LSE: DTC) announces that its   
subsidiary Westcon Group, Inc., ("Westcon") has increased in aggregate its      
banking facilities by $156m to $360m (up from $204m) for its North American and 
European subsidiaries.  These enhanced facilities are at a lower interest rate  
and will provide additional working capital facilities to support Westcon`s     
organic and acquisition growth programme, without recourse to Datatec`s own     
facilities.                                                                     
Westcon has recently acquired North American-based ReView Video as well as two  
European-based distributors Crane Telecommunications and NOXS, adding more than 
400 employees and approximately $350m in annual revenue. Westcon also recently  
announced a joint venture with Netex, a specialty distributor based in Turkey,  
adding to the emerging markets recently opened in New Zealand, Malaysia and     
Dubai.                                                                          
In North America, the new banking facilities consist of $280m, up from $190m,   
with the ability to add $40m, if necessary. In Europe, Westcon`s subsidiary     
increased its existing facilities by $66m to $80m.                              
Jens Montanana, Chief Executive of Datatec, comments:                           
"This is an important development for Westcon and the Datatec Group.  It brings 
down the cost of capital for Westcon and provides the business with considerable
headroom to continue its rapid organic and acquisitive growth without calling on
Datatec`s resources or shareholders.  We think this is a significant refinancing
achievement not only have we prudently locked in more favourable terms in an    
environment of increasing credit spreads but we have also increased our capacity
to borrow more, it attests to the fundamental strength of our underlying        
businesses."                                                                    
8 August 2007                                                                   
Enquiries:                                                                      
David Pfaff, Group Finance Director:              +27 (0) 11 233 1221           
Wilna de Villiers, Group Marketing Manager:       +27 (0) 11 233 1013           
Dresdner Kleinwort                                                              
James Rudd:                                       +44 (0) 20 7475 7006          
College Hill                                                                    
Adrian Duffield/Corinna Dorward (UK press):       +44 (0) 20 7457 2020          
Nick Williams/Fred Cornet (SA press):             +27 11 447 3030               
Datatec Limited  (www.datatec.co.za)                                            
Date: 08/08/2007 08:00:01 Produced by the JSE SENS Department.