Strong financial performance drives EBITDA up 46%

Datatec Limited ("Datatec" or the "Group", JSE and LSE: DTC), the international Information and Communications Technology (ICT) group, is today publishing its unaudited interim results for the six months ended 31 August 2011.

FINANCIAL HIGHLIGHTS

• Group revenue up 14% to $2,44 billion (H1 FY11: $2,13 billion)
• Overall gross margin expanded to 14,1% (H1 FY11: 13,2%)
• EBITDA up 46% to $85,4 million (H1 FY11: $58,5 million)
• Underlying* earnings per share up 38% to 21,8 US cents (H1 FY11: 15,8 US cents)
• First interim capital distribution per share of 7 US cents
• Total capital distributions since 2006 of $125 million (approximately R1 billion)

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

OPERATIONAL HIGHLIGHTS

• Benefitting from business diversification, international scale and market share gains
• Continuing strong financial performance and operational leverage
• Improved business mix and growing annuity income stream
• Earnings increase at more than twice revenue growth rate