NT1 - Net1 - Results of Net1 November 29, 2010 Annual General Meeting

NT1 - Net1 - Results of Net1 November 29, 2010 Annual General Meeting           
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")                                                       
Results of Net1 November 29, 2010 Annual General Meeting                        
The annual meeting of shareholders of Net1 was held on November 29, 2010. All   
director nominees were elected and the votes cast with respect to such elections
are as follows:                                                                 
Director                   Votes for               Broker                       
                                      Votes       non-votes                     
                                      withheld                                  


Antony C. Ball             31,881,740  2,202,110   5,635,764                    
Dr. Serge C.P. Belamant    32,083,821  2,000,029   5,635,764                    
Paul Edwards               31,882,140  2,201,710   5,635,764                    
Herman G. Kotze            31,877,904  2,205,946   5,635,764                    
Alasdair J.K. Pein         31,891,222  2,192,628   5,635,764                    
Christopher S. Seabrooke   22,376,462  11,707,388  5,635,764                    
Tom C. Tinsley             31,311,404  2,772,446   5,635,764                    
Additionally, the following matter was voted upon at the meeting and the votes  
cast with respect to such matter are as follows:                                
                   Votes cast                                                   
                   For           Against  Abstain  Broker non-                  
votes                        

Ratification of     39,552,176    146,287  21,151   -                           
appointment of                                                                  
independent                                                                     
registered public                                                               
accounting firm                                                                 
for 2011                                                                        
Johannesburg                                                                    
30 November 2010                                                                
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 30/11/2010 09:50:01 Supplied by www.sharenet.co.za                     
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