DATATEC LIMITED - Ratio applicable to the scrip distribution
12 July 2016 11:30
DTC 201607120015A
Ratio applicable to the scrip distribution

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 audited financial
results for the year ended 29 February 2016, published on the
Stock Exchange News Service (“SENS”) on 11 May 2016 in which it
declared a final 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 17 June 2016, 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 136 ZAR cents bears to 4410 ZAR cents, representing the
volume weighted average price (“VWAP”) of an ordinary Datatec
share traded on the JSE during the 30-dayperiod ended on Monday,
11 July 2016. 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 3.08390 Scrip
Distribution shares for every 100 ordinary shares held on the
Record Date:

100 x 136 ZAR cents
___________________
4410 ZAR cents        = 3.08390

Where a Shareholder’s entitlement to new Datatec ordinary shares
calculated in accordance with the above formula gives rise to a
fraction of a new ordinary share, such fraction of a new ordinary
share will be rounded down to the nearest whole number, resulting
in allocations of whole shares and a cash payment for the fraction
(“Rounding Provision”).  

The cash payment will be determined with reference to the VWAP of
an ordinary Datatec share traded on the JSE on Wednesday, 20 July
2016 (being the day on which an ordinary Datatec share begins
trading ‘ex’ the entitlement to receive the Scrip Distribution or
Cash Dividend alternative), discounted by 10%. The applicable cash
payment will be announced on SENS on Thursday, 21 July 2016.

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 3.08390%
= 30.839 new shares
(then apply the Rounding Provision described above)
= 30 Scrip Distribution shares in respect of the 1000 ordinary
shares held and a cash payment for the fraction.

Sandton
12 July 2016

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

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