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NET 1 UEPS TECHNOLOGIES INC - Net1 provides further update on SASSA tender process

Release Date: 11/02/2015 11:00
Code(s): NT1     PDF:  
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Net1 provides further update on SASSA tender process

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”)

Net1 provides further update on SASSA tender process

Johannesburg, February 11, 2015 – Net1 (NasdaqGS: UEPS; JSE: NT1) today provided a further
update on the SASSA tender process.

Further to the directions provided by the South African Constitutional Court ("Court") as described
in the Company's press release dated February 6, 2015, SASSA has advised the Court that it will
avail itself of the opportunity provided by the directions, and file an amended draft Request for
Proposal with the Court by Friday, February 13, 2015.

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 the NASDAQ and a secondary listing on the Johannesburg Stock
Exchange.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: +1-917-767-6722
Email: dchopra@net1.com

Johannesburg
February 11, 2015

Sponsor:
Deutsche Securities (SA) Proprietary Limited

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