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Director’s Dealing in 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”)
Director’s Dealing in Securities
Reporting person: Christopher Stefan Seabrooke
Reporting person’s relationship with the Company: Director
Number of securities: 111,884
Class of security: Common stock(1)
Nature of interest: Indirect, non-beneficial (2)
Nature of transaction: Purchase of common stock
Date of transaction: 13 November 2012
Highest Price: ZAR 76.50 (3)
Lowest Price: ZAR 82.00 (3)
Average Price: ZAR 81.52 (3)
Total transaction value: ZAR 9,120,876
Clearance to trade: Obtained
Note 1: The Issuer has a primary listing on the Nasdaq Stock Market and a secondary listing on the JSE Limited.
The purchaser described in note 3 below entered into an irrevocable agreement on September 27, 2012 to acquire
100 000 shares of common stock in the Company through the JSE Limited at 8200 RSA cents per share once the
shares of common stock had been moved by the seller from the Nasdaq register to the JSE register. The seller had
irrevocably undertaken to transfer the shares of common stock to the JSE register on or before November 30,
2012. The transfer was concluded during the Company’s closed period. The first day to trade after the expiry of
this period pursuant to the release of Q-1 results was November 13, 2012. In accordance with the regulations of
the JSE Limited, in order to give effect to the undertaking to purchase by transacting through the market at the
committed price, the purchaser would be obliged to acquire any shares of common stock offered at a lower price
first. Accordingly, the purchaser acquired 111 884 shares on market on November 13, 2012 being the 100 000
shares pursuant to the irrevocable undertaking and 11 884 shares of common stock that were offered on the JSE on
the day at prices of 8200 RSA cents or lower.
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 has acquired the common stock. The
trust beneficially owns 33% of the company that holds 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 holds the common
stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary
interest therein.
Note 3: Purchase prices for the transactions reported here range from ZAR76.50 to ZAR82.00. Full information
regarding the number of shares purchased at each separate price will be provided to the JSE Limited, SEC, the
issuer or its shareholders upon request.
15 November 2012
Johannesburg
Sponsor to Net1:
Deutsche Securities (SA) (Proprietary) Limited
Date: 15/11/2012 08:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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