DATATEC LIMITED - DTC : Cautionary announcement
2 March 2020 16:59
DTC : Cautionary announcement: 
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Company")


Shareholders are advised that Datatec is exploring the possibility of a
listing (the "Potential Listing") of Logicalis' Latin American business
(the "Latin American Business") on the B3 S.A. - Brasil, Bolsa, Balcao
( - Brazilian stock exchange), in connection with which the
Latin American Business and its shareholders would potentially carry out a
primary and secondary offering of the shares of the Latin American Business
(the "Shares'), subject to satisfactory market conditions. The Company and
the Latin American Business have appointed advisors for the Potential

The Latin American Business is currently held 65% by Logicalis and 35% by
Promon S.A.  It is envisaged that Logicalis would remain a majority
shareholder after the Potential Listing.

If such a Potential Listing were to be successfully undertaken it may have
a material effect on the price of the Company's shares. Accordingly,
shareholders are advised to exercise caution when dealing in their Datatec
shares until a further announcement is made.

This cautionary announcement shall not, in any circumstances, be construed
as an investment recommendation or marketing of securities to the public.
This cautionary announcement does not constitute an offer to sell or the
solicitation of an offer to buy any securities or shares and shall not
constitute an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of that jurisdiction.

The Potential Listing has not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities
Act"), or any other U.S. federal or state securities laws, and the Shares
of the Latin American Business or the Company may not be offered, sold,
pledged or otherwise transferred in the United States or to U.S. investors,
unless they are registered, or exempt from, or not subject to, registration
under the U.S. Securities Act.

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

South African Legal Advisor

2 March 2020
Date: 02-03-2020 05:00:00
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