NET 1 UEPS TECHNOLOGIES INC - Notification of reporting person dealings in Net1 securities

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

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