DATATEC LIMITED - Logicalis acquires iConsult in Jersey
14 October 2013 17:00
DTC 201310140046A
Logicalis acquires iConsult in Jersey

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

LOGICALIS ACQUIRES ICONSULT IN JERSEY

Datatec Limited ("Datatec", “the Group” or “the Company”, JSE/AIM: DTC) the
international Information and Communications Technology (ICT) group,
announces that its subsidiary Logicalis Group Limited (“Logicalis”) has
acquired iConsult (Jersey) Limited (“iConsult”), a Channel Islands based
provider of hosted desktop and mail solutions (the “Transaction”). The
Transaction will be made through Logicalis’ wholly owned local subsidiary
Logicalis Jersey Limited.

The Transaction will strengthen the current IT services positioning of the
business which is ideally suited to fiduciary customers headquartered in
the Channel Islands. Almost all iConsult’s annual revenues of approximately
$2.0 million are annuity in nature. iConsult will be integrated with
Logicalis’ existing Channel Islands operation. With Logicalis’ current
hosted services being based in Guernsey the Transaction means Logicalis is
now better placed to provide cloud and hosted desktop services to the whole
Channel Islands.

Jens Montanana, Datatec's Chief Executive commented:
“This acquisition adds scale to the Logicalis Managed Services offering in
the Channel Islands which it acquired through the acquisition of the
European subsidiaries of 2e2 in March this year. We can now deliver cloud-
based & hosted desktop and BYOD services to a larger customer base in the
Channel Islands and increase Logicalis’ revenue annuity base.”

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         +27 (0) 11 233 1013
Manager

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

finnCap – Broker
Charlie Cunningham/Tom Jenkins             +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


Sandton
14 October 2013

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

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