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SASSA files progress report with Constitutional Court
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”)
SASSA files progress report with Constitutional Court
Johannesburg – June 6, 2014 - Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) today
announced that on June 5, 2014, the South African Social Security Agency (“SASSA”) filed a
progress report on the status of the initiation of a new tender process with the South African
Constitutional Court (“Constitutional Court”). SASSA also filed its media statement related to the
implementation of this order with the Constitution Court. A copy of SASSA’s filing with the
Constitutional Court is available on the Company’s website at www.net1.com.
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. Net1’s UEPS/EMV solution is also completely interoperable with
global EMV standards that seamlessly permit access to all the UEPS functionality in a traditional
EMV 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, and Ghana. In
addition, Net1’s proprietary Mobile Virtual Card technology offers secure mobile payments and
banking services in developed and emerging countries while its MediKredit and XeoHealth
subsidiaries provide its proprietary 5010 and ICD-10 compliant real-time claims adjudication system.
Net1 has a primary listing on the Nasdaq and a secondary listing on the JSE Limited.
Forward-Looking Statements
This announcement contains forward-looking statements that involve known and unknown risks and
uncertainties. A discussion of various factors that cause our actual results, levels of activity,
performance or achievements to differ materially from those expressed in such forward-looking
statements are included in our filings with the Securities and Exchange Commission. We undertake
no obligation to revise any of these statements to reflect future events.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: +1-917-767-6722
Email: dchopra@net1.com
Johannesburg
June 6, 2014
Sponsor:
Deutsche Securities (SA) Proprietary Limited
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