Notification of directors' 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 directors’ 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 directors (“reporting person”) of the Company and its subsidiaries: Director: Serge Christian Pierre Belamant Name of company of which director: Net 1 UEPS Technologies, Inc. Class of security: Common stock Nature of interest: Direct, beneficial Nature of transaction: Off-market sale Number of securities: 289,631 Date of transactions: September 11, 2014 Price per security: $13.20 Total transaction value: $3,823,129.20 Director: Herman Gideon Kotzé Name of company of which director: Net 1 UEPS Technologies, Inc. Class of security: Common stock Nature of interest: Direct, beneficial Nature of transaction: Off-market sale Number of securities: 174,926 Date of transactions: September 11, 2014 Price per security: $13.20 Total transaction value: $2,309,023.20 Director: Phil-Hyun Oh Name of company of which director: KSNET, Inc. Class of security: Common stock Nature of interest: Direct, beneficial Nature of transaction: Off-market sale Number of securities: 4,444 Date of transactions: September 11, 2014 Price per security: $13.20 Total transaction value: $58,660.80 Clearance to enter into the transaction was given in terms of paragraph 3.66 of the JSE Limited Listings Requirements. September 16, 2014 Johannesburg Sponsor to Net1: Deutsche Securities (SA) Proprietary Limited Date: 16/09/2014 10:05:00 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.