NT1 - Net1 UEPS Technologies, Inc. to Host Conference Call to Review First

NT1 - Net1 UEPS Technologies, Inc. to Host Conference Call to Review First      
                        Quarter Results                                         
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")                                                       
Net1 UEPS Technologies, Inc. to Host Conference Call to Review First Quarter    
Results                                                                         
Johannesburg, 28 October 2009 - Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS;  
JSE: NT1) ("Net1" or the "Company") today announced it will release its first   
quarter 2010 results after the market close on 5 November 2009. Net1            
management will host a conference call to review these results on 6 November    
2009 at 8:00 a.m. Eastern Time.                                                 
To participate in the call, dial 1-800-860-2442 (U.S. only), 1-866-519-5086     
(Canada only), 0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only)  
ten minutes prior to the start of the call. Callers should request "Net1 call"  
upon dial-in. The call will also be webcast on the Net1 homepage,               
www.net1ueps.com. Please click on the webcast link at least ten minutes prior   
to the call. A webcast of the call will be available for replay on the Net1     
website through 27 November 2009.                                               
About Net1 (www.net1ueps.com)                                                   
Net1 provides its universal electronic payment system, or UEPS, as an           
alternative payment system for the unbanked and under-banked populations of     
developing economies. The Company believes that it is the first company         
worldwide to implement a system that can enable the estimated four billion      
people who generally have limited or no access to a bank account to enter       
affordably into electronic transactions with each other, government agencies,   
employers, merchants and other financial service providers using UEPS. The      
system uses smart cards that operate in real-time but offline, unlike           
traditional payment systems offered by major banking institutions that require  
immediate access through a communications network to a centralized computer.    
This offline capability means that users of the Net1 system can enter into      
transactions at any time with other card holders in even the most remote areas  
so long as a portable offline smart card reader is available. In addition to    
payments and purchases, UEPS can be used for banking, health care management,   
international money transfers, voting and identification.                       
The Company also focuses on the development and provision of secure             
transaction technology, solutions and services.  The Company`s core             
competencies around secure online transaction processing, cryptography and      
integrated circuit card (chip/smart card) technologies are principally applied  
to electronic commerce transactions in the telecommunications, banking,         
retail, petroleum and utilities market sectors. Additionally, through BGS       
Smartcard Systems AG, a majority-owned subsidiary based in Austria, the         
Company develops, implements and integrates smart card-based offline and        
online financial transaction systems in cooperation with banks, enterprises     
and government authorities, primarily in Russia and the Commonwealth of         
Independent States.                                                             
Contact:     Dhruv Chopra, Vice-President Investor Relations                    
Telephone:   1-212-626-6675                                                     
e-mail:      dchopra@net1ueps.co.za                                             
Or                                                                              
William Espley at Net1 Investor Relations                                       
Telephone:   1-604-484-8750                                                     
Toll Free:   1-866-412-NET1 (6381)                                              
Johannesburg                                                                    
28 October 2009                                                                 
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 29/10/2009 07:05:00 Supplied by www.sharenet.co.za                     
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