DATATEC LIMITED - Ratio applicable to the scrip dividend
13 November 2015 11:00
DTC 201511130019A
Ratio applicable to the scrip dividend

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

RATIO APPLICABLE TO THE SCRIP DISTRIBUTION

Shareholders are referred to the Company’s unaudited interim
results for the six months ended 31 August 2015, published on the
Stock Exchange News Service (“SENS”) on 21 October 2015 in which
it declared an interim Scrip Distribution with a Cash Dividend
alternative.

A circular setting out the terms of the Scrip Distribution and
Cash Dividend alternative, including a Form of Election, (“the
Circular”) was posted to shareholders on 5 November 2015 as
announced on SENS on the same date. In addition, the Circular is
available on the Company’s website, www.datatec.com or
www.datatec.co.za.

Shareholders are advised that the number of Scrip Distribution
shares to which each Shareholder will become entitled pursuant to
the Scrip Distribution (to the extent that such Shareholder has
not elected to receive the Cash Dividend) will be determined by
reference to such Shareholder’s ordinary shareholding in Datatec
(at the close of business on the Record Date) in relation to the
ratio that 105 ZAR cents bears to 5964 ZAR cents, representing the
volume weighted average price of an ordinary Datatec share traded
on the JSE during the 30-day trading period ending on Thursday,
12 November 2015. The ratio of Scrip Distribution shares to which
each Shareholder will become entitled pursuant to the Scrip
Distribution (to the extent that such Shareholder has not elected
to receive the Cash Dividend) is therefore 1.76056 Scrip
Distribution shares for every 100 ordinary shares held on the
Record Date:

100 x 105 ZAR cents
5964 ZAR cents        = 1.76056

If the application of this ratio gives rise to a fraction of an
ordinary share, no fractional entitlement shall arise and the
result of such calculation will be rounded up to the nearest whole
number where the fraction is greater than or equal to 0.5 and
rounded down to the nearest whole number where the fraction is
less than 0.5 (the “Rounding Provision”).

Example of Scrip Distribution entitlement:
This example assumes that a Shareholder holds 1000 ordinary shares
at the close of business on the Record Date and does not elect to
receive the Cash Dividend in respect of all or part of their
shareholding.

New ordinary share entitlement = 1000 x 1.76056%
= 17.6056 new shares
(then apply the Rounding Provision described above)
= 18 Scrip Distribution shares in respect of the 1000 ordinary
shares held.

Sandton
Friday, 13 November 2015

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

Date: 13/11/2015 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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