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NT1 - Net 1 UEPS Technologies, Inc. - Net1: SASSA revises bid submission

Release Date: 14/06/2011 16:15
Code(s): NT1
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NT1 - Net 1 UEPS Technologies, Inc. - Net1: SASSA revises bid submission deadline to June 27, 2011 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: SASSA Revises Bid Submission Deadline to June 27, 2011 JOHANNESBURG, SOUTH AFRICA - June 14, 2011 - Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS; JSE: NT1) ("Net1" or the "Company") today announced that the South African Social Security Agency ("SASSA") has advised bidders that the bid submission deadline for its Payments Services for Social Grants tender has been revised to June 27th, 2011. Net1 will continue to abide by the bid submission guidelines provided by SASSA, while concurrently continuing to provide SASSA with its high quality service. About Net1 (www.net1.com) Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System, or UEPS, to facilitate biometrically secure real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification. Net1 operates market-leading payment processors in South Africa, Republic of Korea, Ghana and Iraq. In addition, Net1`s proprietary Mobile Virtual Card technology offers secure mobile payments and banking services in developed and emerging countries. Net1 has a primary listing on the Nasdaq and a secondary listing on the JSE Limited. Investor Relations Contact: Dhruv Chopra Vice President of Investor Relations Phone: +1-212-626-6675 Email: dchopra@net1.com Johannesburg 14 June 2011 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 14/06/2011 16:15:16 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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