NET 1 UEPS TECHNOLOGIES INC - Notification of director's dealings in Net1 securities

Notification of director's dealings in Net1 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")

Notification of director`s dealings in Net1 securities

In compliance with rule 3.63 to 3.65 of the JSE Limited Listings Requirements, the following
dealings in the securities of Net1 have taken place by a director (“reporting person”) of the
Company:

Director:                                      Serge Christian Pierre Belamant
Number of securities:                          183,142
Class of security:                             Common stock
Nature of interest:                            Direct, beneficial
Nature of transaction:                         Exercise of stock options (1)
Option strike date:                            September 9, 2014 (2)
Date of transactions:                          September 9, 2014
Option strike price per security:              The option strike price was $7.98 for 74,666
                                               stock options, $8.75 for 68,000 stock options
                                               and $7.35 for 40,476 stock options
Total exercise price                           $1,488,333

   (1) The reporting person exercised options off-market for an aggregate of 183,142 shares
       and paid the exercise price through delivery to the issuer of an aggregate of 106,845
       shares, resulting in a net acquisition upon exercise of 76,297 shares.
   (2) The options are exercisable in three equal instalments commencing October 28, 2012,
       August 22, 2013 and August 21, 2014.

Clearance to exercise the stock options was given in terms of paragraph 3.66 of the JSE
Limited Listings Requirements.

September 12, 2014
Johannesburg

Sponsor to Net1:
Deutsche Securities (SA) Proprietary Limited

Date: 12/09/2014 05:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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