Sharenet Sites 
Sharenet Sites
Net1 completes sale of KSNET for $237 million
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
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
(“Net1”)
Net1 completes sale of KSNET for $237 million
Johannesburg, March 9, 2020 - Net1 (NasdaqGS: UEPS; JSE: NT1) today announced that it has
completed the sale of KSNET, Inc. (“KSNET”) to Stonebridge Capital and Payletter for
approximately $237 million.
“We are pleased to have completed this transaction, achieving a key milestone of our strategic
plan. We thank the KSNET team for its integral contributions to the group over the past decade,”
said Herman Kotzé, CEO of Net1. “The sale of KSNET allows us to focus on our core strategy,
boost liquidity, and maximize shareholder returns.”
The pro forma effects of the transaction were filed on March 9, 2020, on Form 8-K with the
United States Securities and Exchange Commission, and are available at
https://www.sec.gov/cgi-bin/browse-
edgar?action=getcompany&CIK=0001041514&type=&dateb=&owner=include&count=40.
About Net1 (www.net1.com)
Net1 is a provider of transaction processing services, financial inclusion products and services
and secure payment technology. Net1 operates a market-leading payment processor in South
Africa. Net1 offers debit, credit and prepaid processing and issuing services for all major
payment networks. In South Africa, Net1 provides innovative low-cost financial inclusion
products, including banking, lending and insurance. Net1 leverages its strategic equity
investments in Finbond and Bank Frick (both regulated banks), DNI, a leading distributor of
mobile subscriber starter packs for Cell C, a South African mobile network operator, and Cell C,
to introduce products to new customers and geographies. Net1 has a primary listing on
NASDAQ (NasdaqGS: UEPS) and a secondary listing on the Johannesburg Stock Exchange
(JSE: NT1). Visit www.net1.com for additional information about Net1.
Investor Relations Contact:
Dhruv Chopra
Group Vice President, Investor Relations
Phone: +1 917-767-6722
Email: dchopra@net1.com
Media Relations Contact:
Bridget von Holdt
Business Director – BCW
Phone: +27-82-610-0650
Email: Bridget.vonholdt@bcw-global.com
Johannesburg
March 9, 2020
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 09-03-2020 03:20:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
