DATATEC LIMITED - Grant and acceptance of rights to participate in share incentive schemes and dealing in securities by directors
1 August 2017 17:30
DTC 201708010041A
Grant and acceptance of rights to participate in share incentive schemes and dealing in securities by directors

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


Grant and acceptance of rights to participate in share incentive schemes and
dealing in securities by directors
Datatec announces the following in relation to the Share Appreciation Rights Scheme 2005 (“SAR Scheme”)
and the Long Term Incentive Plan ("LTIP"). These share incentive schemes are subject to the rules originally
approved by shareholders at the Company’s annual general meeting held on 16 August 2005 and
subsequently amended and approved by shareholders at the annual general meeting held on 14 September
2011.

Executive directors and the Company secretary have accepted rights granted on 31 July 2017 to participate
in the Group's share based incentive schemes as follows:

SARs in respect of ordinary shares, which are subject to performance conditions and which vest after three
years, at a grant price of R59.29* per SAR:

Name                        Number of SARs              Nature of interest
J P Montanana                      441 341             indirect beneficial

I P Dittrich                       135 556               direct beneficial

S P Morris                          82 270               direct beneficial


LTIP awards, which are subject to performance conditions and which vest after three years:

Name           Number of conditional awards             Nature of interest
J P Montanana                       441 341            indirect beneficial
                                          
I P Dittrich                        101 667              direct beneficial
                                     
S P Morris                           61 702              direct beneficial


The face value of these awards is R59.29* per award but the value to the participant is nil until (and if) the
awards vest. On exercise of the SARs and on vesting of the LTIP awards a further announcement of the
value received by the participants will be released.

All rights and awards are subject to the rules of the respective share incentive plans, as amended and
approved by shareholders at the annual general meeting of the Company held on 14 September 2011.

Approval for the individual allocations and clearance to transact has been given.

All these individual allocations as indicated above have been accepted, off market, by the directors and the
Company secretary respectively on 31 July 2017.

* the 30 day volume weighted average share price on 28 July 2017, the business day preceding the grant.


Enquiries:

Datatec Limited (www.datatec.co.za)
Jens Montanana, Chief Executive Officer                           +44 (0) 1753 797118
Ivan Dittrich, Chief Financial Officer                            +27 (0) 11 233 3301
Wilna de Villiers, Group Investor Relations                       +27 (0) 11 233 1013

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

Instinctif Partners
Frederic Cornet/Keagile Makgoba (SA)                              +27 (0) 11 447 3030
Adrian Duffield/Chantal Woolcock (UK)                            +44 (0) 20 7457 2020




1 August 2017

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

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