NT1 - Net 1 UEPS Technologies, Inc - Notification of director`s dealings in Net1

NT1 - Net 1 UEPS Technologies, Inc - Notification of director`s 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 director`s dealings in Net1 securities                          
In compliance with rule 3.63 to 3.65 of the JSE Limited Listings Requirements,  
the following dealings in the securities of Net1 have taken place by a director 
of the company:                                                                 
Director:                         Herman Kotze                                  
Number of securities:             196,669                                       
Class of security:                Common stock                                  
Nature of interest:               Direct, beneficial                            
Nature of transaction:            Sale of options previously exercised and      
                                 restricted stock                               
Option strike date:               Options - 7 June 2004 and restricted          
                                 stock September 1, 2009                        
Date of transactions:             10 September 2009                             
i)   Nature of transaction:       Restricted stock vested                       
No:                          13,334                                         
    Exercise period:             September 1, 2009, subject to continuous       
                                 employment with Net1 and achievement of        
                                 25% fundamental earnings per share target      
set                                            

    Price:                       None                                           
ii)  Nature of transaction:       Sale of a total of 50,002 stock options       
                                 exercised in June 2006, August 2007 and        
August 2008, 133,333 other stock based         

                                 awards which vested on June 7, 2004, but       
                                 transferable from June 8, 2007 and June        
                                 8, 2008, respectively and 13,334               
restricted stock which vested on               

                                 September 1, 2009                              
    No:                          196,669                                        
    Price:                       USD 20.00                                      
Total transaction value:     USD 3,933,380.00                               
14 September 2009                                                               
Johannesburg                                                                    
Sponsor to Net1:                                                                
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 14/09/2009 17:30:01 Supplied by www.sharenet.co.za                     
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