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

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:                         Christopher Stefan Seabrooke                  
Number of securities:             100,000                                       
Class of security:                Common stock                                  
Nature of interest:               Indirect, Non-beneficial (1)                  
Nature of transaction:            Purchase (2)                                  
Date of transaction:              06 December 2010                              
Price:                            ZAR 84.75 (2)                                 
Total transaction value:          ZAR 8,475,000                                 
(1) A trust, settled by a relative of the reporting person and of which the     
reporting person is a discretionary beneficiary, is shareholder of the company  
whose wholly owned subsidiary is acquiring the common stock. The trust          
beneficially owns 33% of the company acquiring the common stock and has the     
right to vote 67% of the issued shares of the company. The reporting person is  
one of four trustees of the trust, and all matters voted on require a simple    
majority. The reporting person is the chief executive of the company acquiring  
the common stock. The reporting person disclaims beneficial ownership of these  
shares except to the extent of his pecuniary interest therein.                  
(2) The purchase of shares on market recorded above is the implementation of the
irrevocable undertaking to purchase these shares as advised to shareholders on  
SENS on 24 November 2010 (80,990 shares plus 19,010 shares) and records the     
final pricing of the transaction.                                               
07 December 2010                                                                
Johannesburg                                                                    
Sponsor to Net1:                                                                
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 07/12/2010 14:32:01 Supplied by www.sharenet.co.za                     
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