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Finalisation Announcement and Ratio Applicable to the Scrip Distribution
Datatec Limited
Incorporated in the Republic of South Africa
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: JSE: DTC
OTCQX: DTTLF
("Datatec" or the "Company")
FINALISATION ANNOUNCEMENT AND RATIO APPLICABLE TO THE SCRIP DISTRIBUTION
Datatec shareholders ("Shareholders") are referred to the announcement regarding the
Company's audited financial results for the year ended 28 February 2026 and declaration of a cash
dividend with a scrip distribution alternative released on the Stock Exchange News Service
("SENS") of the JSE Limited ("JSE") on Tuesday, 26 May 2026, in terms of which the board of
directors of the Company notified Shareholders that it had resolved to declare a gross final cash
dividend of 225 ZAR cents ("Cash Dividend") per Datatec ordinary share ("Datatec Ordinary
Shares") held on the Record Date, being Friday, 17 July 2026 ("Record Date"). Shareholders were
advised that they would be entitled to elect to receive a scrip distribution of new, fully paid Datatec
Ordinary Shares in proportion to their ordinary shareholding in Datatec on the Record Date instead
of the Cash Dividend ("Scrip Distribution" or "Scrip Distribution Alternative").
A circular setting out the terms of the Cash Dividend and the Scrip Distribution Alternative, including
a Form of Election to elect to receive the Scrip Distribution Alternative, was distributed to
Shareholders on Wednesday, 3 June 2026 ("Circular").
The number of Scrip Distribution shares to which each Shareholder will become entitled pursuant to
the Scrip Distribution (subject to their election thereto) will be determined by reference to such
Shareholder's ordinary shareholding in Datatec (at the close of trade on the JSE on the Record
Date) in relation to the ratio that 225 ZAR cents bears to the volume weighted average price
("VWAP") of a Datatec Ordinary Share traded on the JSE during the 30-day trading period ending
on Monday, 6 July 2026, less the amount of the Cash Dividend, provided that, where the application
of this ratio gives rise to a fraction of a Datatec Ordinary Share, the rounding principles will be
applied. The 30-day VWAP less the amount of the Cash Dividend at close of trading on the securities
exchange operated by the JSE on Monday, 6 July 2026 was 8506.96113 ZAR cents per share (being
8731.96113 ZAR cents minus 225 ZAR cents). The ratio of Scrip Distribution shares to which each
Shareholder will become entitled pursuant to the Scrip Distribution Alternative (to the extent that
such Shareholder elects to receive the Scrip Distribution shares) is therefore 2.64489 Scrip
Distribution shares for every 100 Datatec Ordinary Shares held on the Record Date.
Where a Shareholder's entitlement to new Datatec Ordinary Shares, calculated in accordance with
the above formula, gives rise to a fraction of a new Datatec Ordinary Share, such fraction of a new
a Datatec Ordinary Share will be rounded down to the nearest whole number, resulting in allocations
of whole ordinary shares and a cash payment for the fraction ("Rounding Provision"). The
applicable cash payment will be determined with reference to the VWAP of a Datatec Ordinary Share
traded on the JSE on Wednesday, 15 July 2026, (being the day on which Datatec Ordinary Shares
begin trading "ex" the entitlement to receive the Cash Dividend or the Scrip Distribution Alternative),
discounted by 10%. Details of the cash payment will be announced on SENS on Thursday, 16 July
2026 by 11h00. Shareholders are referred to paragraph 3.4 of the Circular in which it is stated that
the Scrip Distribution Alternative and cash paid for a fraction of a Datatec Ordinary Share will, unless
exempt, be subject to Dividend Withholding Tax in terms of the Income Tax Act 58 of 1962.
Example of Scrip Distribution entitlement:
This example assumes that a Shareholder holds 100 Datatec Ordinary Shares at the close of
business on the Record Date and elects to receive the Scrip Distribution shares in respect of all
their shareholding.
New ordinary share entitlement =
100 x 225 ZAR cents / (8731.96113 - 225) ZAR cents
= 2.64489 Scrip Distribution shares (then apply the Rounding Provision described above) and the
shareholder will receive:
2 Scrip Distribution shares in respect of the 100 Datatec Ordinary Shares held plus the applicable
cash payment to be determined as described above.
The application to the Financial Surveillance Department of the South African Reserve Bank for
the payment of the Cash Dividend and the Scrip Distribution Alternative was approved on Friday,
29 May 2026.
Johannesburg
7 July 2026
Sponsor
Pallidus Exchange Services Proprietary limited
Legal Advisors
Bowmans
Date: 07-07-2026 09:00:00
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