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'). 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.