DTC - Datatec Limited - Voluntary Announcement: Increased Offer to Acquire
12 October 2010 17:00
DTC
DTC                                                                             
DTC - Datatec Limited - Voluntary Announcement: Increased Offer to Acquire      
Comztek Holdings                                                                
Datatec Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1994/005004/06)                                           
ISIN: ZAE000017745                                                              
Share Code: DTC                                                                 
VOLUNTARY ANNOUNCEMENT: INCREASED OFFER TO ACQUIRE COMZTEK HOLDINGS             
Datatec Limited, "Datatec" or the "Group", (JSE and LSE: DTC), the international
Information and Communications Technology (ICT) group, announced on 2 September 
2010 that it had made a conditional offer to acquire 100% of the share capital  
of Comztek Holdings (Pty) Ltd ("Comztek"), a South African registered company,  
for a total consideration of R97 million.  41.84% of Comztek is owned by Mustek 
Limited (JSE: MST, "Mustek").                                                   
Datatec has satisfactorily completed the due diligence process in relation to   
this conditional offer and has increased its offer to R101 million. The         
consideration will be settled partly in cash and partly by the issue of Datatec 
and/or subsidiary shares.                                                       
The offer is now subject only to contract, governmental, regulatory and         
commercial approvals and is conditional upon Mustek continuing to provide       
support to Comztek in the form of parent company guarantees, consistent with    
past practice, until the completion of the transaction.                         
The offer remains open until Monday 18 October 2010.                            
Enquiries:                                                                      
Datatec Limited  (www.datatec.co.za)                                            
Ivan Dittrich - Chief Financial Officer      +27 (0) 11 233 1221                
Wilna de Villiers - Group Marketing          +27 (0) 11 233 1013                
Manager                                                                         
                                                                                
Jefferies International Limited                                                 
Chris Snoxall                                +44 (0) 20 7029 8000               

College Hill                                                                    
Adrian Duffield/Jon Davies (UK)              +44 (0) 20 7457 2020               
Frederic Cornet (SA)                         +27 (0) 11 447 3030                
12 October 2010                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 12/10/2010 17:00:01 Produced by the JSE SENS Department.                  
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