Notice of Annual General Meeting of Shareholders 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”) NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS Notice is hereby given that the Company’s annual general meeting of shareholders will be held at 16H00, local time, 09H00 Eastern Time, on November 11, 2015, at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa, to transact the business as stated in the notice of the annual general meeting which can be found on Net1’s website at http://phx.corporate- ir.net/External.File?item=UGFyZW50SUQ9MzA2MjMwfENoaWxkSUQ9LTF8VHlwZT0z&t=1&c b=635793208330149317. Net1’s Board of Directors has fixed the close of business on September 25, 2015 as the record date for determining shareholders entitled to notice of and to vote at the meeting. The Company’s 2015 Annual Report is also available on its website at http://phx.corporate- ir.net/External.File?item=UGFyZW50SUQ9MzA2MjMxfENoaWxkSUQ9LTF8VHlwZT0z&t=1&c b=635793208983186525. About Net1 (www.net1.com) Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System (“UEPS”) or utilize its proprietary mobile technologies. The Company operates market-leading payment processors in South Africa and the Republic of Korea. UEPS permits the Company 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 enable 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’s mobile technologies include its proprietary mobile payments solution - MVC, which offers secure mobile-based payments, as well as mobile banking and prepaid value-added services in developed and emerging countries. The Company intends to deploy its varied mobile solutions through its ZAZOO business unit, which is an aggregation of innovative technology companies and is based in the United Kingdom. Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange. Johannesburg October 5, 2015 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 05/10/2015 07:05:00 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.