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Datapro Group - Purchase of options by directors from Vantage Capital Group Datapro Group Limited (Formerly Casey Investment Holdings Limited) (Incorporated in the Republic of South Africa) (Registration number 1998/016433/06) Share code: DTP ISIN: ZAE000058061 (`DataPro Group` or `the company`) PURCHASE OF OPTION BY DIRECTORS FROM THE VANTAGE CAPITAL GROUP (`Vantage`), OPTION AGAINST DIRECTORS AND RELATED DIRECTORS DEALING IN SECURITIES Purchase of option and related directors dealings As detailed in the circular to shareholders dated 03 September 2004 and approved by shareholders at a general meeting held on 27 September 2004, Vantage, a BEE investor in DataPro, was granted the option to subscribe for up to 2 295 641 new shares in DataPro Group at an exercise price calculated on the 30 day weighted average share price immediately before the exercise of the option, less a discount of 10%, on or before 28 February 2006. In addition, Vantage also had a call option against Douglas Reed (66.6%) and James Herbst (33.4%) (`the directors`) for 1 569 783 shares at par. The options were granted so that Vantage could increase its shareholding in DataPro over an eighteen month period ending 28 February 2006. Shareholders are advised that the directors have sold 3 117 537 shares to Vantage at 40.5 cents per share amounting to R1 262 602.49 in cash, simultaneously purchasing the call option against the company from Vantage and cancelling the call option against themselves. This will result in Vantage increasing its shareholding in DataPro shares to approximately 25.1%. The call option against the company remains in place on the same terms and conditions, now exercisable by the directors. Directors` dealings in securities The above transaction has resulted in changes in directors` interests. Accordingly, in compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Securities Exchange South Africa, the following information is disclosed: Name of director: Mutle Constantine Mogase Date of transaction: 17 May 2005 Number of shares: 1 527 593 Price per share: 40.5 cents Class of securities: Ordinary shares Nature of transaction: Purchase Nature of interest and extent of change: Non-beneficial indirect (0,67%) Name of director: James Charles Herbst Date of transaction: 17 May 2005 Number of shares: 1 039 179 Price per share: 40.5 cents Class of securities: Ordinary shares Nature of transaction: Sale Nature of interest and extent of change: Beneficial indirect (0,45%) Name of director: Douglas Graham Reed Date of transaction: 17 May 2005 Number of shares: 2 078 358 Price per share: 40.5 cents Class of securities: Ordinary shares Nature of transaction: Sale Nature of interest and extent of change: Non-beneficial indirect (0,9%) Clearance for the resultant share dealings was obtained in compliance with paragraph 3.66 of the JSE Listings Requirements. In accordance with AltX Listings Requirements, shareholders are advised of the risks of investing in a company listed on AltX and are advised that the JSE does not guarantee the viability or the success of a company listed on AltX. In terms of JSE Listings Requirements a Designated Adviser has to be retained by the company. The Designated Adviser is required to, inter alia, attend all board meetings held by the company to ensure that all JSE Listings Requirements and applicable regulations are complied with, approve the financial director of the company and guide the company in a competent, professional and impartial manner. If the company fails to retain a Designated Adviser it must make arrangements to appoint a new Designated Adviser within 10 business days, failing which the company faces suspension of trading of its securities. If a Designated Adviser is not appointed within 30 days of its suspension the company faces the termination of its listing without an offer to minorities. Mutle Mogase Johannesburg 20 May 2005 Company Secretary Designated Advisor Arcay Client Support (Proprietary) Limited Arcay Corporate Services Registration number 1998/025284/07 Date: 20/05/2005 05:03:03 PM Produced by the JSE SENS Department
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