DATATEC LIMITED - Completion of Comztek Acquisition and Issue of Shares
3 June 2013 8:00
DTC 201306030008A
Completion of Comztek Acquisition and Issue of Shares

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC


Completion of Comztek Acquisition and Issue of Shares

Datatec, (“Datatec” or the “Group”, JSE and LSE: DTC), the international Information and
Communications Technology (ICT) group, announces that, following fulfilment of all conditions
precedent, the acquisition of Comztek Holdings Limited (“Comztek”), the full terms of which were
announced on 30 November 2012, completed on 31 May 2013 (“the Acquisition”).

The cash portion of the R88 million total consideration was settled by the payment of R48 million in
cash funded from new loan finance (R27.4 million to Mustek; R20.6 million to the Management
Sellers, including the contingent consideration of R8 million which became payable after Comztek met
all required EBITDA performance conditions).

The remaining portion of the consideration (R40 million) will be settled by the allotment of 752,606
new Datatec ordinary shares of ZAR0.01. Application has been made to the London Stock Exchange
for the admission of these shares to the Alternative Investment Market, and to the JSE Limited for the
listing of these shares. Listing on both exchanges is expected to become effective on 12 June 2013.

Following this listing of shares, Datatec will have an issued share capital of 196,531,984 ordinary
ZAR0.01 shares of which 633,392 are Treasury Shares held by the Datatec Share Incentive Trust
2005.

Small related party transaction per the Listings Requirements of the JSE

The reorganisation planned to follow completion of the Acquisition involves Mineworkers Investment
Corporation (“MIC” - the material B-BBEE shareholder in Datatec’s subsidiary, Westcon South Africa
Proprietary Limited “WSA”), two of whose executive officers are currently non-executive directors of
WSA. MIC is recognised as a related party and the Acquisition is accordingly deemed a small related
party transaction as defined in terms of the JSE Listings Requirements Accordingly, the directors of
Datatec are required to provide the JSE with written confirmation from an independent professional
expert that the terms of the Acquisition are fair insofar as the shareholders of Datatec are concerned.

BDO Corporate Finance, an independent professional expert acceptable to the JSE was appointed and
has confirmed the Acquisition to be fair to shareholders. The opinion, which is still subject to JSE
approval, is available for inspection at Datatec’s registered office.

Sandton
Monday, 3 June 2013

Enquiries:

Datatec Limited (www.datatec.co.za)
Jens Montanana, Chief Executive Officer                            +44 (0) 1753 797118
Rob Evans – Chief Financial Officer                                +27 (0) 11 233 1221
Wilna de Villiers – Group Marketing Manager                        +27 (0) 11 233 1013
Comztek Holdings (Pty) Ltd
Paul Conradie, Managing Director                                 +27 (0) 11 848 9022
Andries Coetzee, Financial Director                              +27 (0) 11 848 9020
Michelle Chettoa, Marketing Manager                              +27 (0) 11 848 9512

Jefferies International Limited – Nominated Adviser and Broker
Nick Adams/Alex Collins                                          +44 (0) 20 7029 8000

finnCap – Broker
Tom Jenkins/Henrik Persson                                       +44 (0) 20 7220 0500

College Hill
Adrian Duffield/Rozi Morris (UK)                                 +44 (0) 20 7457 2020
Frederic Cornet/Lexi Ball (SA)                                    +27 (0) 11 447 3030

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

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