Datatec Limited announced that the board has assessed the financial position of the Company and intends to distribute the entire initial gross proceeds totalling £135.1 million to shareholders by way of a special cash dividend of 1250 ZAR cents per Datatec ordinary share, payable to the Shareholders in proportion to their ordinary shareholding in Datatec at the close of business on 2 December 2022 (the Record Date). The Special Cash Dividend has been declared and will be paid out of Datatec's distributable retained profits. A dividend withholding tax of 20% will be applicable in respect of the Special Cash Dividend to all shareholders not exempt therefrom after deduction of which, the net Special Cash Dividend is 1000 ZAR cents per share.

The Special Cash Dividend is subject to exchange control approval. Shares trade ex the Special Cash Dividend and the Scrip Distribution alternative on November 30, 2022. Special Cash Dividend payments made, and CSDP/broker accounts credited/updated with Scrip Distribution shares on December 5, 2022.