NET 1 UEPS TECHNOLOGIES INC - Notification of directors dealings in Net1 securities

Notification of directors’ dealings in Net1 securities

Net 1 UEPS Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: UEPS
JSE share code: NT1
ISIN: US64107N2062
("Net1" or "the Company")

Notification of directors’ dealings in Net1 securities

In compliance with the JSE Limited Listings Requirements, the following dealings in the
securities of Net1 have taken place by directors (“reporting persons”) of the Company:

 Director:                                      Alasdair Jonathan Kemsley Pein
 Name of company:                               Net1
 Class of security:                             Common stock
 Nature of interest:                            Direct, beneficial
 Nature of transaction:                         On market sale of securities
 Number of securities:                          6,500 (1)
 Date of transaction:                           December 12, 2017
 Price per security:                            USD 11.01 (2)
 Total transaction value:                       USD 71,596.20

(1) Includes (i) 2,176 shares which were part of an original grant of 6,530 restricted shares,
which became transferable in three equal annual instalments commencing August 21, 2014;
and (ii) 3,140 shares which were part of an original grant of 4,702 restricted shares, which
became transferable in three equal annual instalments commencing August 27, 2015, and (iii)
1,184 shares which were part of an original grant of 5,985 restricted shares, which became
transferable in three equal annual instalments commencing August 19, 2016.

(2) Sale prices for the transaction reported range from $11.00 to $11.10.

Clearance to deal was given in terms of paragraph 3.66 of the JSE Limited Listings Requirements.


December 14, 2017
Johannesburg

Sponsor to Net1:
Rand Merchant Bank, a division of FirstRand Bank Limited

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