DTC - Datatec Limited - Interim earnings up more than 33% and interim capital
15 September 2011 8:00
DTC
DTC                                                                             
DTC - Datatec Limited - Interim earnings up more than 33% and interim capital   
distribution to be paid                                                         
Datatec Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1994/005004/06)                                           
ISIN: ZAE000017745                                                              
Share Code: DTC                                                                 
INTERIM EARNINGS UP MORE THAN 33% AND INTERIM CAPITAL DISTRIBUTION TO BE PAID   
Datatec, ("Datatec" or the "Group", JSE and LSE: DTC), the international        
Information and Communications Technology (ICT) group, is currently finalising  
its results for the six months ended 31 August 2011 ("the Period"), which will  
be published on 12 October 2011.                                                
As a JSE listed company, Datatec is required to publish trading statements if   
the financial results for a given period are more than 20% higher than the      
results of the previous corresponding period. As described in more detail below,
underlying* earnings per share, earnings per share and headline earnings per    
share for the Period are expected to be more than 20% higher than the previous  
corresponding period of six months ended 31 August 2010 (the "Comparative       
Period").                                                                       
Group revenues for the Period are expected to be approximately $2.4 billion,    
compared to approximately $2.1 billion in the Comparative Period, with overall  
margin expansion.                                                               
Underlying* earnings per share for the Period are expected to be between 21 and 
22 US cents per share, compared to 15.8 US cents per share for the Comparative  
Period, an increase of between 33% and 39%.                                     
Earnings per share and headline earnings per share are expected to be between 19
and 20 US cents per share, compared to 8.8 US cents in the Comparative Period,  
an increase of between 116% and 127%.                                           
Interim cash distribution by way of a capital reduction                         
The Board has resolved to amend the group`s dividend / capital distribution     
payment policy from making a single annual payment to making both interim and   
final distributions with immediate effect. The dividend cover policy of at least
three times relative to underlying* earnings per share will apply to both       
interim and final distributions.                                                
The first interim distribution will accordingly be declared for the period ended
31 August 2011 with the interim results announcement on 12 October 2011.        
Financial information                                                           
The financial information on which this statement is based has not been reviewed
and reported on by Datatec`s auditors.                                          
*Underlying earnings per share excludes goodwill and intangibles impairment,    
amortisation of acquired intangible assets, profit or loss on sale of assets and
businesses, fair value movements on acquisition related financial instruments   
and unrealised foreign exchange movements                                       
Enquiries:                                                                      
Datatec Limited  (www.datatec.co.za)                                            
Ivan Dittrich - Chief Financial Officer             +27 (0) 11 233 1221         
Wilna de Villiers - Group Marketing Manager         +27 (0) 11 233 1013         

Jefferies International Limited                                                 
Chris Snoxall                                       +44 (0) 20 7029 8000        
                                                                                
College Hill                                                                    
Adrian Duffield/Rozi Morris (UK)                    +44 (0) 20 7457 2020        
Frederic Cornet (SA)                                +27 (0) 11 447 3030         
Sandton                                                                         
15 September 2011                                                               
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 15/09/2011 08:00:38 Produced by the JSE SENS Department.                  
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