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 paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following dealings in the securities of Net1 have taken place by an executive officer
(“reporting person”) of the Company:

Reporting person:                               Nitin Soma
Number of securities:                           105,610
Class of security:                              Common stock
Nature of interest:                             Direct, beneficial
Nature of transaction:                          Exercise of stock options (1)
Option strike date:                             September 30, 2014
Date of transactions:                           September 30, 2014
Option strike price per security:               The option strike price was $6.49 for 24,215
                                                stock options, $10.59 for 35,000 stock
                                                options, $8.75 for 33,334 stock options and
                                                $7.35 for 13,061 stock options
Total exercise price                            $917,897.70

Reporting person:                               Nitin Soma
Class of security:                              Common stock
Nature of interest:                             Direct, beneficial
Nature of transaction:                          On-market sale
Number of securities:                           105,610
Date of transactions:                           September 30, 2014
Price per security:                             $12.07 (2)
Total transaction value:                        $1,274,983.16

(1) The options are exercisable in three equal instalments commencing November 10, 2011,
August 26, 2012, August 22, 2013 and August 21, 2014.

(2) Sale prices for the transactions reported range from $11.97 to $12.29.


Clearance to enter into the transactions was given in terms of paragraph 3.66 of the JSE
Limited Listings Requirements.


October 1, 2014
Johannesburg

Sponsor to Net1:
Deutsche Securities (SA) Proprietary Limited

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