DATATEC LIMITED - Results of the cash dividend and the scrip distribution alternative
29 July 2019 11:00
DTC 201907290024A
Results of the cash dividend and the scrip distribution alternative

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

RESULTS OF THE CASH DIVIDEND AND THE SCRIP DISTRIBUTION ALTERNATIVE

Shareholders are referred to the announcement released on the Stock Exchange
News Service on Wednesday, 3 July 2019 in which they were advised of the
Company's declaration of a gross Cash Dividend of 100 ZAR cents per ordinary
Datatec share held on the Record Date, being Friday 26 July 2019 ("Cash
Dividend").

Shareholders were, however, entitled to elect to receive that number of scrip
distribution shares determined in the ratio of 2.80269 scrip distribution
shares for every 100 ordinary shares held on the Record Date, instead of the
Cash Dividend ("Scrip Distribution Alternative").

Shareholders recorded in the register of the Company at the close of business
on the Record Date holding 168 476 616 ordinary shares did not elect to
receive the Scrip Distribution Alternative and will therefore receive the
gross Cash Dividend of 100 ZAR cents per Datatec ordinary share, (80 ZAR
cents per Datatec ordinary share, net of applicable Dividend Withholding Tax)
resulting in a total gross Cash Dividend of R168 476 616, which was paid out
of the distributable retained profits of the Company.

In terms of the Scrip Distribution Alternative, 1 250 718 new ordinary shares
were issued today to shareholders who elected to receive the Scrip
Distribution shares in respect of all or part of their shareholding, resulting
in a capitalisation of the distributable retained profits of the Company of
R44 625 618.

Share certificates, where applicable, were dispatched to certificated
shareholders at their own risk, and the Cash Dividend payments were
made/Central Securities Depository Participant/broker accounts of
dematerialised shareholders were credited, today.

Monday, 29 July 2019

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

Date: 29/07/2019 11:00:00
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