DATATEC LIMITED - Cash Payment Applicable to Fractional Entitlements in Terms of the Scrip Distribution

Cash Payment Applicable to Fractional Entitlements in Terms of 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")

 CASH PAYMENT APPLICABLE TO FRACTIONAL ENTITLEMENTS IN TERMS OF THE SCRIP DISTRIBUTION

Datatec shareholders (“Shareholders”) are referred to the announcement regarding the declaration of the special
cash dividend with a scrip distribution alternative released on the Stock Exchange News Service (“SENS”) of the
JSE Limited (“JSE”) on Monday, 24 August 2026, in terms of which the board of directors of the Company notified
Shareholders that it had resolved to return ZAR 7 053 380 522 (equivalent to approximately $435 million) to
Shareholders by declaring a special cash dividend of 2 900 ZAR cents per Datatec ordinary share (“Datatec
Ordinary Share”) held on the record date, being Friday, 16 October 2026 (“Record Date”) (“Special Cash
Dividend”). Shareholders were further 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 Special Cash Dividend (“Scrip Distribution” or “Scrip Distribution Alternative”).

Shareholders will be entitled to receive the Special Cash Dividend of 2 900 ZAR cent per Datatec Ordinary Share
in respect of their shareholding as at the close of trading on the JSE on the Record Date, in proportion to their
ordinary shareholding in Datatec and to the extent that such Shareholders have not elected to receive the Scrip
Distribution Alternative in respect of all or part of their shareholding.

Shareholders will, however, be entitled to elect to receive a Scrip Distribution of new, fully paid Datatec Ordinary
Shares in respect of their shareholding in Datatec as at the Record Date, in respect of all or part of their ordinary
shareholding, instead of the Special Cash Dividend.

The ratio applicable to the Scrip Distribution entitlement was announced on SENS on Tuesday, 6 October 2026,
being 57.28241 Scrip Distribution shares for every 100 Datatec Ordinary Shares held on the Record Date. If the
application of this ratio gives rise to a fraction of a new Datatec Ordinary Share, such fraction of a new Datatec
Ordinary Share will be rounded down to the nearest whole number, resulting in allocations of whole Datatec
Ordinary Shares and a cash payment for the fraction (“Rounding Provision”).

In accordance with the Listings Requirements of the JSE, the cash payment for the fractional entitlement has been
determined with reference to the volume weighted average price (“VWAP”) of a Datatec Ordinary Share traded on
the JSE on Wednesday, 14 October 2026 (being the day on which Datatec Ordinary Shares began trading ‘ex’ the
entitlement to receive the Special Cash Dividend or the Scrip Distribution Alternative), discounted by 10%.

Shareholders are accordingly advised that the basis applicable in determining the cash payment for the fractional
entitlement is 4676.27029 ZAR cents (being the VWAP of Datatec Ordinary Shares traded on the JSE on
Wednesday, 14 October 2026 of 5195.85588 ZAR cents, discounted by 10%).

Example of fractional 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 2 900 ZAR cents / (7962.63652 - 2 900) ZAR cents
= 57.28241 Scrip Distribution shares (then apply the Rounding Provision described above) and the shareholder
will receive:

57 Scrip Distribution shares in respect of the 100 Datatec Ordinary Shares held and a cash payment of
1320.62549 ZAR cents for the fractional entitlement (calculated as follows 4676.27029 x 0.28241 = 1320.62549
ZAR cents).

Shareholders are referred to paragraph 3.4.4. 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 (“DWT”) in terms of the Income Tax Act 58 of 1962 (“ITA”). Recipients of the fractional amount may be subject
to income tax or capital gains tax, depending on their particular circumstances. Furthermore, Shareholders are
referred to paragraph 3.4.1 of the Circular in which stated that the Special Cash Dividend is likely to have tax
implications for both resident and non-resident Shareholders. In terms of the ITA, the Special Cash Dividend will,
unless exempt, be subject to DWT.

Johannesburg
15 October 2026

Sponsor
Pallidus Exchange Services Proprietary Limited

Legal Advisors
Bowmans
Date: 15/10/2026 10:00:00
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