Datatec Limited - Datatecs distribution division W
11 January 2006 16:29
DTC
 DTC                                                                             
Datatec Limited - Datatec"s distribution division Westcon Group secures         
$190 million of debt financing for North American operations                    
Press release                                                                   
Datatec Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1994/005004/06)                                           
ISIN: ZAE000017745                                                              
Share Code: DTC                                                                 
("Datatec")                                                                     
PRESS RELEASE - DATATEC"S DISTRIBUTION DIVISION WESTCON GROUP SECURES           
$190 MILLION OF DEBT FINANCING FOR NORTH AMERICAN OPERATIONS                    
Datatec"s Westcon Group has secured a US$150 million working capital            
facility and a US$40 Million second lien term loan to finance its               
operations in North America.                                                    
The new credit facilities were arranged by HSBC in the US, who acts as          
the group"s international banking partner. SPP Capital Partners supported       
HSBC in arranging the second lien obligation.                                   
The working capital facility will be used to finance the operations of          
Westcon Group"s three US operating divisions, Comstor, Voda One and             
Westcon as well as its business in Canada.   The second lien term loan          
will provide additional long-term capital to fund growth of the Westcon         
businesses and to repay certain debt obligations to Datatec Group.              
Sandton                                                                         
11 January 2006                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 11/01/2006 04:29:59 PM Produced by the JSE SENS Department