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Net1: Notification of change in beneficial ownership
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: Notification of change in beneficial ownership
Reporting person: Christopher Stefan Seabrooke
Reporting person’s relationship with the Company: Director
Number of securities: 100,000
Class of security: Common stock(1)
Nature of interest: Indirect, non-beneficial (2)
Nature of transaction: Undertaking to purchase common stock
Date of transaction: 27 September 2012
Price: ZAR 82.00 (2)
Total transaction value: ZAR 8,200,000
Clearance to trade: Obtained
Note 1: The purchaser described below in note 2 has entered into an agreement under which it has irrevocably
undertaken to acquire the common stock through the JSE Limited once the shares of common stock have been
moved by the seller to the JSE Limited register. The Company has a primary listing on the Nasdaq Stock Market
and a secondary listing on the JSE Limited. The seller has irrevocably undertaken to transfer the shares of
common stock to the JSE Limited register on or before November 30, 2012.
Note 2: A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary
beneficiary, is a shareholder of the company whose wholly owned subsidiary will acquire the common stock. The
trust beneficially owns 33% of the company that will hold 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 that will hold the common
stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary
interest therein.
28 September 2012
Johannesburg
Sponsor to Net1:
Deutsche Securities (SA) (Proprietary) Limited
Date: 28/09/2012 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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