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NET 1 UEPS TECHNOLOGIES INC - Sassa files progress report with Constitutional Court

Release Date: 22/09/2014 07:05
Code(s): NT1     PDF:  
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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 – September 22, 2014 - Net1 (NasdaqGS: UEPS; JSE: NT1) today announced that on September 19, 2014,
the South African Social Security Agency (“SASSA”) filed a progress report on the status of a new tender process with
the South African Constitutional Court (“Constitutional Court”). SASSA has indicated in the progress report that “It is
envisaged that the tender will be published during the week of the 6th – 12th October 2014”. 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
(“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 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 and the Republic of Korea. In addition, Net1's
proprietary MVC technology offers secure mobile payments and banking services in developed and emerging countries.

Net1 has a primary listing on NASDAQ and a secondary listing on the Johannesburg Stock Exchange.

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
September 22, 2014

Sponsor:
Deutsche Securities (SA) Proprietary Limited

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