DATATEC LIMITED - Logicalis to acquire Coasin Chile

Logicalis to acquire Coasin Chile

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
(“Datatec” or “the Group”)

LOGICALIS TO ACQUIRE COASIN CHILE

Datatec, the international Information and Communications Technology (ICT) company,
announces that a subsidiary of Logicalis Group Limited (“Logicalis”) has signed an agreement to
acquire 100% of the issued share capital of Coasin Chile S.A. (“Coasin”), a Chilean ICT services
and solutions provider, which also has operations in Peru (“Acquisition”). The Acquisition, which
is expected to close in the third quarter of 2018, is subject to certain third party consents as well
as approval by the Chilean Competition Authorities.

Established in 1966, Coasin is a provider of ICT support and managed services, networking, and
POS solutions with a strong position in the mining and financial services verticals. Coasin had
annual turnover of US$84.4 million, profit after tax of US$2.8 million, and net assets of US$12
million for the twelve months ended 31 December 2017. The Acquisition is expected to be
earnings enhancing.

Logicalis will acquire Coasin from its current owners (Sociedad De Ejecución De Proyectos De
Ingeniería Datatel Limitada, Sociedad De Inversiones Tecnológicas Limitada, and Inversiones
Telco Chile Limitada) for a cash consideration of up to US$20.2 million, of which US$19.1 million
will be paid on completion of the Acquisition (“Completion”), and the remaining US$1.1m will be
paid based on Coasin achieving a profit target for the twelve months to 30 June 2018. The
acquisition consideration will be settled in cash from Logicalis’ resources.

The Acquisition will bring significant capabilities and scale to Logicalis’ existing operations in
Chile and Peru. Coasin’s experience in the mining and financial services verticals creates
opportunities for Logicalis to better serve its multinational clients while broadening its services
scope to new customer groups.

Jens Montanana, Datatec's Chief Executive Officer, commented:

“Coasin is one of the most established IT businesses in the region and will be a game
changer for our operations in Chile and Peru allowing us to further consolidate our very
strong position regionally.

“We are pleased to welcome the Coasin team to the Group.”

Johannesburg
15 May 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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