Notification of reporting person 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 reporting person 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 our directors and officer (“reporting persons”) of the Company and its major subsidiaries: Director: Serge Christian Pierre Belamant Name of company of which director: Net1 Class of security: Common stock Nature of interest: Direct, beneficial Nature of transaction: Off-market repurchase by Company Number of securities: 187,136 Date of transaction: September 2, 2016 Price per security: USD 9.65 Total transaction value: USD 1,805,862.40 Director: Philip Marc Belamant Name of company of which officer: ZAZOO Limited Class of security: Common stock Nature of interest: Direct, beneficial Nature of transaction: Off-market repurchase by Company Number of securities: 6,667 Date of transaction: September 2, 2016 Price per security: USD 9.65 Total transaction value: USD 64,336.55 Director: Nunthakumarin Pillay Name of company of which officer: Net1 Applied Technologies South Africa (Pty) Ltd Class of security: Common stock Nature of interest: Direct, beneficial Nature of transaction: Off-market repurchase by Company Number of securities: 1,778 Date of transaction: September 2, 2016 Price per security: USD 9.65 Total transaction value: USD 17,157.70 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: Off-market repurchase by Company Number of securities: 4,445 Date of transactions: September 2, 2016 Price per security: USD 9.65 Total transaction value: USD 42,894.25 Clearance to deal was given in terms of paragraph 3.66 of the JSE Limited Listings Requirements. September 7, 2016 Johannesburg Sponsor to Net1: Deutsche Securities (SA) Proprietary Limited Date: 07/09/2016 05:15:00 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.