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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 (the "Shareholders") are referred to the announcement regarding the
Company's condensed unaudited interim financial results for the six months ended 31 August 2025
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 Thursday, 30 October 2025, in
terms of which the board of directors of the Company notified shareholders that it had resolved to
declare an interim cash dividend of 175 ZAR cents ("Cash Dividend") per Datatec ordinary share
("Datatec Ordinary Share") held on the record date, being Friday, 5 December 2025 ("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, 5 November 2025 ("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 175 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 Friday, 21 November 2025, 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 "ex" the Cash Dividend at close of trading on the securities
exchange operated by the JSE on Friday, 21 November 2025 was 7150.71788 ZAR cents per share
(being 7325.71788 ZAR cents minus 175 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 2.44731 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, 3 December 2025, (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, 4 December 2025 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 not 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 175 ZAR cents / (7325.71788 - 175) ZAR cents
= 2.44731 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 Thursday,
30 October 2025.
Johannesburg
24 November 2025
Sponsor
Pallidus Exchange Services Proprietary limited
Legal Advisors
Bowmans
Date: 24-11-2025 10:45:00
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