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 persons”) of the Company and its major subsidiary: Director: Christopher Stefan Seabrooke Name of company of which director: Net1 Class of security: Common stock Nature of interest: Direct, beneficial Nature of transaction: On market sale Number of securities: 2,514 Date of transaction: September 15, 2015 Price: USD 17.66 Total transaction value: USD 44,397.24 Director: Alasdair Jonathan Kemsley Pein Name of company of which director: Net1 Class of security: Common stock Nature of interest: Direct, beneficial Nature of transaction: On market sale Number of securities: 4,332 Date of transaction: September 15, 2015 Price: USD 17.66 Total transaction value: USD 76,503.12 Director: Paul Edwards Name of company of which director: Net1 Class of security: Common stock Nature of interest: Direct, beneficial Nature of transaction: On market sale Number of securities: 4,149 Date of transaction: September 15, 2015 Price: USD 17.66 Total transaction value: USD 73,271.34 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: On-market sale Number of securities: 1,604 Date of transactions: September 15, 2015 Price per security: USD 17.66 Total transaction value: USD 28,326.64 Clearance to deal was given in terms of paragraph 3.66 of the JSE Limited Listings Requirements. September 18, 2015 Johannesburg Sponsor to Net1: Deutsche Securities (SA) Proprietary Limited Date: 18/09/2015 08:45:00 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.