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 an officer (“reporting persons”) of one of its major subsidiaries: 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: On-market sale Number of securities: 64 Date of transaction: September 16, 2016 Price per security: ZAR 137.75 Total transaction value: ZAR 8,816.00 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: On-market sale Number of securities: 8,299 Date of transaction: September 19, 2016 Price per security: ZAR 125.23 Total transaction value: ZAR 1,039,283.77 Clearance to deal was given in terms of paragraph 3.66 of the JSE Limited Listings Requirements. September 21, 2016 Johannesburg Sponsor to Net1: Deutsche Securities (SA) Proprietary Limited Date: 21/09/2016 07:30:00 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.