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Results of the Special Cash Dividend and the Scrip Distribution Alternative
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")
RESULTS OF THE SPECIAL CASH DIVIDEND AND THE SCRIP DISTRIBUTION ALTERNATIVE
Capitalised terms used but not defined in this announcement, shall have the same meanings ascribed to them in
the Circular which was distributed to shareholders on 26 August 2026.
1. RESULTS OF 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 were entitled to receive the Special Cash Dividend of 2 900 ZAR cents 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 had not elected to receive
the Scrip Distribution Alternative in respect of all or part of their shareholding.
Shareholders were entitled to elect to receive that number of Scrip Distribution shares determined in the ratio
of 57.28241 Scrip Distribution shares for every 100 Datatec Ordinary Shares held on the Record Date, instead
of the Special Cash Dividend.
Shareholders recorded in the register of the Company at the close of business on the Record Date holding
78,585,515 Datatec Ordinary Shares did not elect to receive the Scrip Distribution Alternative and will
therefore receive the gross Special Cash Dividend of 2 900 ZAR cents per Datatec Ordinary Share (where
applicable, 2 320 ZAR cents per Datatec Ordinary Share, net of applicable Dividend Withholding Tax)
resulting in a total gross Special Cash Dividend of ZAR 2,278,979,935. which was paid out of the distributable
retained profits of the Company.
In terms of the Scrip Distribution Alternative, 94,324,733 new Datatec Ordinary Shares were issued today to
Shareholders who elected to receive the Scrip Distribution shares in respect of all or part of their shareholding,
resulting in a capitalisation of distributable retained profits of the Company of ZAR 4,775,318,380.
The Special Cash Dividend payments were made, and Central Securities Depository Participant/broker
accounts of dematerialised Shareholders and certificated Shareholders were credited today. No share
certificates were dispatched to certificated Shareholders in respect of the Scrip Distribution.
2. DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY RECEIVING SCRIP DISTRIBUTION
Shareholders are referred to paragraph 7 of the Circular dated 26 August 2026, which sets out that: (i)
pursuant to the terms of the facility agreement entered into in connection with the Transaction, Datatec is
required to procure, to the fullest extent permitted by law, that Mr Jens Peter Montanana, the Chief Executive
Officer of Datatec, will elect to receive the Scrip Distribution Alternative in respect of approximately 90% of
his shareholding at the Record Date; and (ii) in respect of Messrs Montanana, Ivan Philip Dittrich (Chief
Financial Officer) and Simon Morris (Company Secretary), shares held in escrow on their behalf as part of
the Deferred Bonus Warrants (“DBW”) scheme must elect to receive the Scrip Distribution under the terms
of the rules of the DBW. They may also elect to receive the Scrip Distribution Alternative in respect of all or
most of their ordinary shareholding in Datatec, in the same way as other shareholders.
The details of the Datatec Ordinary Shares issued to the directors and the Company Secretary pursuant to
the Scrip Distribution on 19 October 2026 will be announced on Wednesday, 21 October 2026.
Johannesburg
19 October 2026
Sponsor
Pallidus Exchange Services Proprietary Limited
Legal Advisors
Bowmans
Date: 19/10/2026 12:00:00
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