DATATEC LIMITED - New Westcon Europe banking facilities
5 June 2018 8:00
DTC 201806050007A
New Westcon Europe banking facilities

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


Datatec, the international Information and Communications Technology (ICT) company,
announces the successful renewal of banking facilities for Westcon Europe.

In the Group’s FY18 Results Announcement on 17 May 2018, it was noted that the syndicated
banking facility for Westcon Europe would expire in July 2018 and that the Group was in an
advanced stage of negotiation of a replacement facility.

Datatec confirms that the replacement facility of $280 million has now been agreed with existing
and new banks in a syndicate led by HSBC.

The new committed facility will expire on 4 June 2020 and is considered adequate for Westcon
Europe’s current working capital needs. The facility will bear interest at 2.95% above the USD,
Euro or Sterling base rate and contains certain affirmative and negative covenants. Advances
under this arrangement are available up to 75% of the eligible accounts receivable.

5 June 2018

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 05/06/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.