Pro forma supplementary information is included regarding the effects of the translation of foreign operations on the Group as well as the effect of share-based payments and restructuring costs on EBITDA. Pro forma financial information is included for the Group's revenue for the current reporting period had it been translated at the average foreign currency exchange rates (simple average) of the prior reporting period and for the Group's EBITDA had share-based payments and restructuring costs not been incurred.

The Group has translated its revenue for the current reporting period using average foreign currency exchange rates of the prior reporting period ("constant currency financial information"). The Group has adjusted its EBITDA to exclude share-based payments and restructuring costs ("adjusted EBITDA"). This constitutes pro forma financial information in terms of the JSE Listings Requirements.

The pro forma financial information has been compiled for illustrative purposes only and is the responsibility of the Datatec directors. Due to the nature of this information, it may not fairly present the Group's financial position, changes in equity and results of operations or cash flows.

The pro forma information has been compiled in terms of the JSE Listings Requirements and the Revised Guide on Pro Forma Information by SAICA. The Group's external auditor, PwC, has issued an unmodified assurance report, in terms of ISAE 3420 Assurance Engagements to Report on the Compilation of Pro Forma Financial Information in a Prospectus on 24 May 2022. Refer to the following pages for their unmodified reporting accountant's report thereon.

To determine the revenues in constant currency terms, the current financial reporting period's monthly revenues in local currency have been converted to US Dollar at the average monthly exchange rates prevailing over the same period in the prior year. The average exchange rates of the Group's material currencies are listed below:

Average exchange rates	Year ended 28 February 2022	Year ended 28 February 2021
British Pound/US Dollar	1.37	1.30
Euro/US Dollar	1.16	1.16
US Dollar/Brazilian Real	5.37	5.39
US Dollar/Australian Dollar	1.35	1.41
US Dollar/Singapore Dollar	1.35	1.37
US Dollar/South African Rand	15.01	16.47

CONSTANT CURRENCY FINANCIAL INFORMATION

	Year ended 28 February 2022
USD'000	Revenue	Pro forma revenue	Constant  currency  % change
Datatec Group	4 636 782	4 593 490	11.8
Westcon International	2 890 439	2 845 258	10.0
Logicalis	1 655 959	1 655 279	14.2

Constant currency revenue has not been presented for the Corporate and Management Consulting segment as it is not considered to be material.

ADJUSTED EBITDA

To determine adjusted EBITDA, share-based payments and restructuring costs have been excluded. The Group is now presenting adjusted EBITDA excluding share-based payments to be more in line with international peers.

USD'000	Year ended 28 February 2022	Year ended 28 February 2021
EBITDA	154 533	118 632
Share-based payments	22 517	11 493
Restructuring costs	–	22 378
Adjusted EBITDA	177 050	152 503

There were no restructuring costs incurred in FY22.