Share incentive schemes: dealings in securities by the company, directors and the company secretary

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

SHARE INCENTIVE SCHEMES: DEALINGS IN SECURITIES BY THE COMPANY, DIRECTORS
AND THE COMPANY SECRETARY

Datatec announces the following in relation to its Conditional Share Plan
(“CSP”) and Deferred Bonus Plan (“DBP”) which were approved by shareholders
at the Company’s annual general meeting held on 14 September 2017.

1) DEALINGS IN SECURITIES BY THE COMPANY

Datatec announces the purchase of Datatec shares by the Company to be held
as treasury shares to be used in settlement of the Company’s share-based
remuneration awards:

Nature of transaction                   :     On market purchase of shares
Class of security                       :     Ordinary shares
Date of transaction                     :     2 June 2021
Number of Datatec shares                :     1 134 376
Average purchase price                  :     R3149.35
Highest price traded                    :     R31.50
Lowest price traded                     :     R31.29
Transaction value                       :     R35 725 471
Nature of interest                      :     Direct non-beneficial
Clearance obtained                      :     Yes

After these purchases, the Company holds 2 465 394 Datatec shares as
treasury shares to be used in settlement of share-based remuneration
awards.

2) CSP – 2018 grant - outcome

The CSP awards granted in June 2018 had two performance conditions each
applying to half the award: an underlying EPS growth condition and a Return
on Invested Capital (ROIC) condition.

The Remuneration Committee determined that 50% of the June 2018 CSP awards
would vest on 4 June 2021 as the underlying EPS growth condition had been
achieved.

Accordingly, 1 133 295 Datatec shares have been delivered to participants
in the June 2018 CSP on 4 June 2021.

Details of the transfer of Datatec shares to the participants of the 2018
CSP who are Directors and the Company Secretary of Datatec are disclosed
below, in compliance with the JSE Limited Listings Requirements:

Director                                :       J P Montanana
Company                                 :       Datatec Limited
Class of security                       :       Ordinary shares
Nature of transaction                   :       Off market receipt of
                                                vested CSP shares
Date of transaction                     :       4 June 2021
Number of securities                    :       645 574
Deemed price per share                  :       R28.12*
Transaction value                       :       R18 153 541
Nature of interest                      :       Indirect beneficial
Clearance obtained                      :       Yes

Director                                :       I P Dittrich
Company                                 :       Datatec Limited
Class of security                       :       Ordinary shares
Nature of transaction                   :       Off market receipt of
                                                vested CSP shares
Date of transaction                     :       4 June 2021
Number of securities                    :       202 533
Deemed price per share                  :       R28.12*
Transaction value                       :       R5 695 228

Company Secretary                       :       S P Morris
Company                                 :       Datatec Limited
Class of security                       :       Ordinary shares
Nature of transaction                   :       Off market receipt of
                                                vested CSP shares
Date of transaction                     :       4 June 2021
Number of securities                    :       81 891
Deemed price per share                  :       R28.12*
Transaction value                       :       R2 302 775
Nature of interest                      :       Direct beneficial
Clearance obtained                      :       Yes

After the delivery of shares to participants in the CSP Datatec Limited
holds 1 332 099 Treasury shares.

* the closing share price on 25 May 2021, the day of the FY21 Results
Announcement.

3) DBP

Executive Directors and the Company Secretary deferred a portion of their
FY18 bonus to purchase Datatec shares under the terms of the DBP as
detailed in SENS announcements on 12 and 14 June 2018. Shares purchased in
terms of the DBP are subject to an employment condition and only vest with
the participant if they remain in employment with the Company for three
years. Otherwise the DBP shares would be forfeit. It is noted for
completeness that the 2018 DBP shares are expected to vest with
participants on 15 June 2021.

4 June 2021

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

Date: 04-06-2021 05:00:00
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