Datatec Limited
Registration number 1994/005004/06
Incorporated in the Republic of South Africa
("Datatec")
Share Code: DTC ISIN: ZAE 000017745
Cautionary announcement
Shareholders are advised that Datatec has entered into a non-binding letter
of intent with Landis Group N.V. ("Landis"), a Netherlands registered
company listed on the Amsterdam stock exchange to acquire the entire
networking distribution activities of Landis. A combination of cash,
Datatec or unlisted Westcon Group Inc. ("Westcon") shares will be used to
effect payment.
Landis' distribution business is one of the largest in continental Europe
with annual revenues exceeding _ 450 million and approximately 600
employees. The Landis distribution business comprises operations in 10
countries in Europe (Austria, Belgium, Denmark, France, Germany,
Netherlands, Norway, Spain, Sweden and the United Kingdom).
Datatec intends combining the distribution assets and businesses of Landis
with its own leading subsidiary Westcon, to form the industry's largest data
and voice networking distributor concern. The geographical footprint of
Landis is highly complimentary to Westcon's European operations. The
enlarged Westcon Group will become the single largest industry player in
Europe, in this sector, complementing its existing market leading position
in the USA, South America, Asia Pacific, South Africa and the Middle East.
As due diligence has not been completed and no binding contracts have been
entered into, shareholders are advised to exercise caution when dealing in
their shares until such time as a detailed announcement is made.
Sandton
15 January 2002
Sponsor and Merchant Bank
RMB Corporate Finance
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