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DATATEC GROUP UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2004 Jens Montanana DATATEC GROUP UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2004 Jens Montanana CEO

DATATEC GROUP Trading Environment • General market conditions have remained stable, greater demand for DATATEC GROUP Trading Environment • General market conditions have remained stable, greater demand for IT products and services is evident in the US and Asia-Pac, Europe remains weak • Latest results and guidance from the leading manufacturers such as Cisco, IBM and HP have been mixed, while current performance seems to be improving, the outlook remains uncertain • Revenues met or exceeded expectations in all major divisions • H 1 performance impacted by Westcon performance in Q 2

DATATEC GROUP Performance Highlights • Continued strengthening of the balance sheet, cash position and DATATEC GROUP Performance Highlights • Continued strengthening of the balance sheet, cash position and profitability • Westcon’s revenues grew over 20% • Logicalis’ first operating profit in three years • Doubled size of consulting group with Analysys-Mason merger • Westcon’s IPO process temporarily suspended due to environment

DATATEC GROUP Revenue $1. 22 B $1. 25 B 2 H 04 1 H DATATEC GROUP Revenue $1. 22 B $1. 25 B 2 H 04 1 H 05 $1. 13 B 1 H 04

DATATEC GROUP Revenue By Regions South Africa+ME 3. 1% North America 53. 0% Asia DATATEC GROUP Revenue By Regions South Africa+ME 3. 1% North America 53. 0% Asia 6. 2% Europe 36. 5% South America 1. 2%

DATATEC GROUP Gross Margin $142. 23 M $133. 19 M $124. 72 M 1 DATATEC GROUP Gross Margin $142. 23 M $133. 19 M $124. 72 M 1 H 04 2 H 04 1 H 05

DATATEC GROUP EBITDA $12. 32 M $11. 47 M $10. 25 M 1 H DATATEC GROUP EBITDA $12. 32 M $11. 47 M $10. 25 M 1 H 04 2 H 04 1 H 05

DATATEC GROUP Total Headline Profit / (Loss) Per Share (Restated) US Cents (0. 40) DATATEC GROUP Total Headline Profit / (Loss) Per Share (Restated) US Cents (0. 40) 1 H 04 (6. 29) 2 H 04 0. 10 1 H 05

DATATEC GROUP Net Cash position remains strong $99. 66 M $97. 40 M $88. DATATEC GROUP Net Cash position remains strong $99. 66 M $97. 40 M $88. 70 M 1 H 04 2 H 04 1 H 05 Shows investment into working capital – revenue growth

DATATEC GROUP Segmental Analysis Revenue EBITDA Gross Margin 15% 27% 12% 2% *12% 6% DATATEC GROUP Segmental Analysis Revenue EBITDA Gross Margin 15% 27% 12% 2% *12% 6% 67% 86% Westcon AMG * Excludes $1. 68 M non trading EBT closure costs Logicalis 73%

DATATEC GROUP Prospects • Modest growth in corporate IT spend • Improved operating profits DATATEC GROUP Prospects • Modest growth in corporate IT spend • Improved operating profits from all subsidiaries • Volatile tax rate

TCON GROUP RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2004 TCON GROUP RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2004

WESTCON GROUP Highlights • Consolidated revenue grows 21. 4% over comparable period • Revenue WESTCON GROUP Highlights • Consolidated revenue grows 21. 4% over comparable period • Revenue increases across all divisions and geographic regions • Unexpected drop in gross margins to 7. 6% from 8. 9% (mainly as a result of Europe)

WESTCON GROUP Highlights • FOREX losses declined • SG&A decreased to 6. 6% from WESTCON GROUP Highlights • FOREX losses declined • SG&A decreased to 6. 6% from 6. 8% • Non-recurring exceptional costs of $8 million

WESTCON GROUP Actions Initiated • New Westcon Group CEO • Reorganisation and streamlining of WESTCON GROUP Actions Initiated • New Westcon Group CEO • Reorganisation and streamlining of senior management • Rationalisation of warehouse facilities in US and Europe • Steps taken with key vendors to enhance margins

WESTCON GROUP Historical Six Month Period Sales – US GAAP (Includes intercompany revenue relating WESTCON GROUP Historical Six Month Period Sales – US GAAP (Includes intercompany revenue relating to non-Westcon group Datatec subsidiaries) $ 1, 004 1, 100 1, 000 807 900 842 1, 065 880 800 700 600 500 400 931 756 781 767 798 903 969 300 200 100 0 Mar-Aug Sep-Feb 2002 Mar-Aug Sep-Feb 2003 Mar-Aug Sep-Feb 2004 Mar-Aug 2005

WESTCON GROUP Consolidated Sales by Vendor % Vendor 2 H 03 1 H 04 WESTCON GROUP Consolidated Sales by Vendor % Vendor 2 H 03 1 H 04 2 H 04 1 H 05 (% of total revenue) Cisco 51. 7% 53. 3% 57. 0% 57. 3% Nortel 11. 6% 10. 0% 11. 3% Avaya 11. 5% 10. 3% 8. 8% 9. 0% Security 10. 6% 11. 1% 10. 2% 9. 0% IP Devices 14. 6% 14. 7% 14. 0% 13. 4% 100. 0% Total

WESTCON GROUP Consolidated Sales by Geography Region 2 H 03 1 H 04 2 WESTCON GROUP Consolidated Sales by Geography Region 2 H 03 1 H 04 2 H 04 1 H 05 (% of total revenue) Americas 58% 57% 54% 55% Europe 37% 40% 38% 5% 6% 6% 7% 100% Asia Pacific Total

WESTCON GROUP Headcount by Region 2 H 03 1 H 04 2 H 04 WESTCON GROUP Headcount by Region 2 H 03 1 H 04 2 H 04 1 H 05 Americas 499 401 432 439 Europe 711 604 509 486 Asia-Pac 118 124 129 1, 328 1, 132 1, 065 1, 054 Consolidated

WESTCON GROUP Consolidated Results – IFRS – As Reported (US $, in millions) Sales WESTCON GROUP Consolidated Results – IFRS – As Reported (US $, in millions) Sales Gross Profit % SG&A % EBITDA % Dep & Amort D&A % Interest Exp, Net Int Exp % Pre-tax Income (Loss) Pre-tax % 2 H 03 1 H 04 2 H 04 1 H 05 $831 73 $860 76 $981 86 $1, 044 79 8. 8% 8. 9% 8. 8% 7. 6% 59 58 68 69 7. 1% 6. 8% 6. 9% 6. 6% 14 18 18 10 1. 7% 2. 1% 1. 9% 1. 0% 25 11 13 5 3. 0% 1. 3% 0. 5% 1 1 3 3 0. 2% 0. 1% 0. 4% 0. 3% (12) 6 2 2 (1. 5)% 0. 7% 0. 2% Note: Excludes Datatec Intercompany transactions

WESTCON GROUP Operational Improvement Plan • Plan to improve gross margins and return Europe WESTCON GROUP Operational Improvement Plan • Plan to improve gross margins and return Europe to profitability by applying the proven US model to Europe • The plan will be implemented over the next two quarters and could cost up to $4 million

WESTCON GROUP Consolidated Balance Sheets – Working Capital – US GAAP (US $, in WESTCON GROUP Consolidated Balance Sheets – Working Capital – US GAAP (US $, in millions) 2 H 03 1 H 04 Accounts Receivable $236 $255 $311 DSO (days) 51 54 60 53 Inventory $171 $175 $222 $204 Inventory Turns 9. 0 x 7. 8 x 9. 3 x Accounts Payable $278 $303 $364 $285 DPO (days) 66 70 77 55 Current Ratio 1. 5 2 H 04 $299 1. 5 Note: DSO, DPO, and inventory turns calculated using trailing twelve month amounts. 1 H 05

WESTCON GROUP Consolidated Balance Sheets – Capitalization – US GAAP (US $, in millions) WESTCON GROUP Consolidated Balance Sheets – Capitalization – US GAAP (US $, in millions) Cash 2 H 03 1 H 04 2 H 04 1 H 05 $141 $133 $114 $99 Working Capital Debt 72 63 84 97 Datatec Intercompany Loan 35 35 38 38 Net (Debt) / Cash 34 36 (8) (36) Equity 261 268 284 279 Debt to Capitalization 0. 29 0. 27 0. 30 0. 33 Liabilities to TNW 1. 61 1. 68 1. 87 1. 65

WESTCON GROUP Net Cash Trend - FY 2000 to Current $100, 000 ($30, 701, WESTCON GROUP Net Cash Trend - FY 2000 to Current $100, 000 ($30, 701, 555) $50, 000 ($59, 842, 704) ($87, 655, 105) $0 -$50, 000 ($139, 544, 122) -$100, 000 -$150, 000 ($224, 336, 852) -$200, 000 -$250, 000 -$300, 000 Net Cash -$350, 000 Feb- May- Aug- Nov- Feb- May- Aug 00 00 01 01 02 02 03 03 04 04 04 Note: Amounts noted on graph represent the average net debt during FY 01, 02, 03, 04 and 05 to date.

WESTCON GROUP Future Outlook • Vendors increasingly committed to distribution • Voice and convergence WESTCON GROUP Future Outlook • Vendors increasingly committed to distribution • Voice and convergence markets growing; traditional voice and data switching and routing markets steady • Customer base stable • Group-wide program implemented to increase future operating income performance

LOGICALIS GROUP RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2004 LOGICALIS GROUP RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2004

LOGICALIS Highlights • First operating profit recorded in over three years • Revenues up LOGICALIS Highlights • First operating profit recorded in over three years • Revenues up 12% sequentially (2% on comparative basis) • Margins steady • Operating expenses tightly controlled • US producing a stronger performance • Working capital effectively managed (DSO at 41 days) • Launched focused services division in UK • Acquisition of STI in the USA completed 1 September 2004 – $90 M IBM partner

LOGICALIS Financial Performance - Summary Trading in the first half of FY 2005 has LOGICALIS Financial Performance - Summary Trading in the first half of FY 2005 has produced an operating profit Notes: 1) Includes Datatec level inter-company transactions which eliminate on Datatec consolidation 2) The exceptional profit arises on the sale of the Australian and New Zealand operations

LOGICALIS Revenue (continuing operations) North America comprises two-thirds of continuing operations (% of revenue) LOGICALIS Revenue (continuing operations) North America comprises two-thirds of continuing operations (% of revenue) Regions 1 H 04 2 H 04 1 H 05 UK 24. 5% 27. 9% 25. 9% 1. 7% 1. 6% North America 70. 2% 65. 9% 67. 8% South America 3. 4% 4. 5% 4. 7% 100. 0% Germany

LOGICALIS Revenue Streams (continuing operations) Revenue mix consistent 1 H 04 1 H 05 LOGICALIS Revenue Streams (continuing operations) Revenue mix consistent 1 H 04 1 H 05 Prof Services 8% Maintenance 7% Managed Services 8% Product 77% Product 76% Note: Continuing operations exclude Australia and New Zealand

LOGICALIS Gross Margin % (continuing operations) Gross margin percentages held relatively steady - mix LOGICALIS Gross Margin % (continuing operations) Gross margin percentages held relatively steady - mix change impact in US 35% 6 months to Aug 2003 30% Feb 2004 Aug 2004 25% 20% 15% 10% 5% UK Germany North America South America Note: Continuing operations exclude Australia and New Zealand Total

LOGICALIS EBITDA ($000 - continuing operations) A stronger performance from the US with the LOGICALIS EBITDA ($000 - continuing operations) A stronger performance from the US with the UK improving $’ 000 2, 500 2, 000 6 months to Aug 2003 Feb 2004 Aug 2004 1, 500 1, 000 500 0 (500) (1, 000) UK Germany North America South America Note: Continuing operations exclude Australia and New Zealand

LOGICALIS Key Financial Measures Working capital remains effectively managed 1 H 04 2 H LOGICALIS Key Financial Measures Working capital remains effectively managed 1 H 04 2 H 04 1 H 05 Deferred Revenue ($000) 18, 467 20, 224 17, 506 Inventory ($000) 16, 250 16, 766 11, 622 17 14 17 46, 902 48, 097 37, 138 47 43 41 Inventory Turns (excluding spares stock) Accounts Receivable ($000) DSO Days Accounts Payable ($000) DPO Days Net Cash ($000) 40, 376 42, 568 37, 667 71 73 79 18, 026 25, 797 64, 991 Note: 1 Aug 2003 and Feb 2004 figures include Australia and New Zealand These operations held net cash of $2 M at Aug 2003 and $3 M at Feb 2004 2 August 2004 net cash includes $41. 7 M after disposal of Australia/New Zealand operations and repayment of Datatec long term debt

LOGICALIS Headcount by Region 2 H 03 1 H 04 2 H 04 1 LOGICALIS Headcount by Region 2 H 03 1 H 04 2 H 04 1 H 05 Americas 490 469 448 452 Europe 280 226 211 207 Asia-Pac 330 344 324 - 1, 100 1, 039 983 659 Consolidated

LOGICALIS Key Product Vendors (Product Revenue %) HP and Cisco remain our dominant vendors LOGICALIS Key Product Vendors (Product Revenue %) HP and Cisco remain our dominant vendors – Cisco stronger in first half of FY 2005 % HP Cisco Others EMC IBM Sep-02 Feb-03 Note: Continuing operations Aug-03 Feb-04 Aug-04

LOGICALIS Recent Important Wins • US – Exxon Mobile – large IBM win ($1. LOGICALIS Recent Important Wins • US – Exxon Mobile – large IBM win ($1. 5 M) • US – Swiss Re Insurance – new customer for IBM solutions ($1. 5 M) • US – LA County Sheriff – strong municipal reference story ($7. 0 M) • UK – Haringey Council – won against 3 Com and another Cisco partner ($943 K) • UK – Canada Life – VOIP single converged network structure ($808 K) • UK/South America – Major cross border education project won in UK, delivered by South American operations ($909 K) • South America – Multi-country contract with major oil company ($1. 6 M)

LOGICALIS Prospects • Acquisition of STI in USA will yield benefits - improves critical LOGICALIS Prospects • Acquisition of STI in USA will yield benefits - improves critical mass - creates a better balanced business • UK services division gaining momentum • South American operations now stable after difficult economic times • Markets remain challenging and competitive • Seeking to make further acquisitions, but based on strict criteria • Cautiously optimistic for continuing performance improvement

ANALYSYS MASON GROUP ANALYSYS MASON GROUP

ANALYSYS MASON GROUP Overview Analysys Mason Group Consultancy Analysys Consulting Analysys Research Mason Communications ANALYSYS MASON GROUP Overview Analysys Mason Group Consultancy Analysys Consulting Analysys Research Mason Communications Catalyst IT Partners Strategic Telecommunications Consultants Independent Telecommunications research Telecommunications Consultants & Implementation Contact Centre & Change Mgt Consultants The Analysis Mason Group is an umbrella consultancy powerhouse • Created in August 2004 with a projected first year turnover of £ 35 m • 300 staff based in 4 UK offices (London, Cambridge, Edinburgh and Manchester) and France, Ireland, Italy, Spain and the USA • Management own 14% (max of 24% in future)

ANALYSYS MASON GROUP Highlights • Significant recovery since Mason restructured in Jan 04 • ANALYSYS MASON GROUP Highlights • Significant recovery since Mason restructured in Jan 04 • Telecoms operators now spending again on consultancy services • Rate pressures of recent years beginning to ease • Mason turnover + 12% on 1 H 04 • After reductions in infrastructure cost, Mason EBITDA + 53% on 1 H 04 • Charge to close Employee Benefit Trust (EBT) due to AMG merger • Annualised integration savings of approx £ 400 k which will only impact next financial year

ANALYSYS MASON GROUP Financial Performance 1 H 05 Performance (6 mths Mason – 1 ANALYSYS MASON GROUP Financial Performance 1 H 05 Performance (6 mths Mason – 1 mth Analysys) Turnover Cost of sale Gross profit Operating costs EBITDA Depreciation PBIT Interest paid/(received) Profit before tax 1 H 05 Mason £ 000 % 9, 598 6, 848 2, 750 28. 7% 1, 993 757 7. 9% 66 691 7. 2% 10 681 7. 1% 1 H 05 Analysys £ 000 % 895 572 323 36. 1% 267 56 6. 3% 8 48 5. 4% -4 52 5. 8% 1 H 05 AMG Company £ 000 % 0 0. 0% 29 -29 0. 0% 0 -29 0. 0% 18 -47 0. 0% 1 H 05 AMG Consolidated £ 000 % 10, 493 7, 420 3, 073 29. 3% 2, 289 784 7. 5% 74 710 6. 8% 24 686 6. 5% Note - The above results excludes the Mason EBT closure.

ANALYSYS MASON GROUP Joint Bids • Development Agency - a regional planning instrument and ANALYSYS MASON GROUP Joint Bids • Development Agency - a regional planning instrument and toolkit • Development Agency - commercial and technical options for a national broadband network • Development Agency - commercial and technical due diligence • Ofcom - allocating available spectrum within VHF band III and L-Band • Ofcom - Cost Benefit assessment of Ultra Wide Band

ANALYSYS MASON GROUP Prospects • Steady recovery taking place in Telecoms sector • Increasing ANALYSYS MASON GROUP Prospects • Steady recovery taking place in Telecoms sector • Increasing demand from operators across a range of issues including; implementation, support, business planning, consolidation and triple play (voice, data & TV) • Continuing global diversification • Identifying new cross-selling opportunities among the new Group’s existing clients • Should achieve further growth in revenues and margins in the second half