LESAKA TECHNOLOGIES INC - Lesaka Appoints Venessa Naidoo, Proven Finance and Technology Leader, as a Board member

Lesaka Appoints Venessa Naidoo, Proven Finance and Technology Leader, as a Board member

Lesaka Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: LSAK
JSE share code: LSK
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
(“Lesaka,” or the “Company”)

Lesaka Appoints Venessa Naidoo, Proven Finance and Technology Leader, as a Board member

Johannesburg, July 6, 2023 – Lesaka (NasdaqGS: LSAK; JSE: LSK) today announced that it has
appointed Ms. Venessa Naidoo as an independent non-employee director to its Board as of July 1,
2023. Ms. Naidoo has been appointed as a member of the Company’s Audit Committee.

Ms. Naidoo brings a wealth of experience in finance, launching new technologies, managing rapid
international growth, restructures, operating in emerging market economies and currencies, and
delivering success in highly competitive environments. She is an experienced non-executive director
and currently serves on the boards of both OUTsurance, a leading South African insurance company,
and RFG Holdings Limited in South Africa.

Ms. Naidoo is a Chartered Accountant (SA) and has completed the Harvard Business School and
University of the Witwatersrand Senior Executive Programme.

“I would like to extend a warm welcome to Venessa as she joins our company,” said Lesaka Chairman
Mr. Kuben Pillay. “Ms. Naidoo is the consummate professional with many years of leadership
experience with companies extending into Africa and internationally. Apart from her financial
reporting, technical and leadership skills, her experience in the ever-evolving environmental, social
and governance considerations will add immense value to Lesaka.”

About Lesaka (www.lesakatech.com)

Lesaka Technologies, (Lesaka™) is a South African Fintech company that utilizes its proprietary
banking and payment technologies to deliver superior financial services solutions to merchants (B2B)
and consumers (B2C) in Southern Africa. Lesaka’s mission is to drive true financial inclusion for both
merchant and consumer markets through offering affordable financial services to previously
underserved sectors of the economy. Lesaka offers cash management solutions, growth capital, card
acquiring, bill payment technologies and value-added services to formal and informal retail merchants
as well as banking, lending, and insurance solutions to consumers across Southern Africa. The Lesaka
journey originally began as “Net1” in 1997 and later rebranded to Lesaka (2022), with the acquisition
of Connect. As Lesaka, the business continues to grow its systems and capabilities to deliver
meaningful fintech-enabled, innovative solutions for South Africa’s merchant and consumer markets.

Lesaka has a primary listing on NASDAQ (NasdaqGS: LSAK) and a secondary listing on the
Johannesburg Stock Exchange (JSE: LSK). Visit www.lesakatech.com for additional information
about Lesaka Technologies (Lesaka ™).
Investor Relations and Media Relations Contact:
Phillipe Welthagen
Email: phillipe.welthagen@lesakatech.com
Mobile: +27 84 512 5393

FNK IR:
Rob Fink / Matt Chesler, CFA
Email: lsak@fnkir.com

Johannesburg
July 6, 2023

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

Date: 06-07-2023 02:30:00
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