Audited annual results for the year end 28 February 2011

11 May 2011

Datatec Limited (“Datatec” or the “Group”, JSE and LSE: DTC), the international Information and Communications Technology (ICT) group, is today publishing its audited results for the financial year ended 28 February 2011.

Strong financial performance drives EBITDA up 31%

Financial highlights
• Revenue up 15% to $4,3 billion (2010: $3,7 billion)
• EBITDA up 31% to $142,2 million (2010: $108,5 million)
• Underlying* earnings per share up 25% to 37,9 US cents (2010: 30,3 US cents)
• Capital distribution per share up 8% to 13 US cents (2010: 12 US cents)

*Excluding goodwill and intangibles impairment, amortisation of acquired intangible assets, profit or loss on sale of assets and businesses, fair value movements on acquisition related financial instruments and unrealised foreign exchange movements

Operational highlights
• Strong performance and operational leverage
• Solid revenue growth in Westcon and Logicalis; up 13% and 25% respectively
• Margin expansion; overall gross margins 13,9% (2010: 13,3%)
• EBITDA increases at 2x revenue growth rate
• Group continues to benefit from international scale and business diversification