DTC - Datatec Limited - Settlement of awards under long term incentive plan
10 June 2008 17:00
DTC
DTC                                                                             
DTC - Datatec Limited - Settlement of awards under long term incentive plan     
using treasury shares                                                           
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")                                     
SETTLEMENT OF AWARDS UNDER LONG TERM INCENTIVE PLAN USING TREASURY SHARES       
Datatec announces that 462,121 Long Term Incentive Plan ("LTIP") awards granted 
in August 2005 have vested in full, the Company having met the relevant         
performance conditions.  All rights and rewards are subject to the rules of the 
LTIP as approved by shareholders at the annual general meeting held on 16 August
2005. The participants include the following directors:                         
J P Montanana   330 669 conditional awards (indirect beneficial)                
I P Dittrich    32 251 conditional awards (direct beneficial)                   
462,121 shares were transferred to participants in the scheme, including the    
above directors, on 10 June 2008 from the Datatec Limited Share Incentive Trust 
2005 which had been holding the shares as treasury shares. Approval for the     
individual settlements and clearance to transact has been given.                
Following this transfer the total number of shares held as treasury shares by   
the Trust is 1,290,437 and the number of shares in issue excluding such treasury
shares is 174,414,466.                                                          
Sandton                                                                         
10 June 2008                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 10/06/2008 17:00:01 Produced by the JSE SENS Department.                  
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