Datatec Limited announced that in terms of which the board of directors of the Company notified Shareholders that it had resolved to return an amount of approximately USD 70 million to Shareholders by declaring a gross special cash dividend of ZAR 512 cents ("Special Cash Dividend") per Datatec ordinary share ("Datatec Share") held on the record date, being 26 November 2021 ("Record Date"). Shareholders were advised that they would be entitled to elect to receive a scrip distribution of new, fully paid Datatec 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 ZAR 512 cents per ordinary Datatec Share in respect of their shareholding as at the close of trading on the JSE on the Record Date, being, 26 November 2021. Shareholders recorded in the register of the Company at the close of business on the Record Date holding 96,393,716 Datatec Shares did not elect to receive the Scrip Distribution Alternative and will therefore receive the gross Special Cash Dividend of ZAR 512 cents per Datatec Share (where applicable, ZAR 409.6 cents per Datatec Share, net of applicable Dividend Withholding Tax) resulting in a total gross Special Cash Dividend of ZAR 493,535,825.92 which was paid out of the distributable retained profits of the Company.