DATATEC LIMITED - Trading update for the six months ended 31 August 2021
15 September 2021 8:00
Trading update for the six months ended 31 August 2021

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


Datatec, an international Information and Communications Technology (ICT)
company, today provides a trading update for the six months ended 31 August
2021 (“H1 FY22”). Comparative references are made to the six months ended
31 August 2020 (“H1 FY21”).

The Group achieved a strong operational performance during H1 FY22 as it
continued to benefit from remote working, increased cloud usage and secured
networking trends. Group revenue is expected to be approximately US$2.255
billion (H1 FY21: US$1.963 billion*), representing a year over year
increase of 15%.

All divisions performed well, with approximate revenues per division
expected to be as follows:

Revenue                                   H1 FY22       H1 FY21
                                      US$ million   US$ million    % increase
Logicalis                                     822           693           19%
Westcon International                       1,390         1,238           12%
Analysys Mason                                 43            32           34%

Revenues would have been higher if not for the global semiconductor
shortage which has created extended lead times on certain product hardware
deliveries in H1 FY22. As a result, closing backlog (sales orders waiting
to be fulfilled) grew significantly in both the Logicalis and Westcon
International divisions.

The financial information on which this trading update is based has not
been reviewed nor reported on by the Group’s external auditors.

The Company intends to release its H1 FY22 results on SENS on or about
28 October 2021.

*H1 FY21 revenues were restated as detailed in the FY21 results published
on 25 May 2021.

15 September 2021

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15-09-2021 08:00:00
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