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 paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following dealings in the securities of Net1 have taken place by an executive officer
(“reporting person”) of the Company:

Reporting person:                                Nitin Soma
Number of securities:                            1,402
Class of security:                               Common stock
Nature of interest:                              Direct, beneficial
Nature of transaction:                           Exercise of stock options
Option strike date:                              February 21, 2017 (1)
Date of transaction:                             February 21, 2017
Option strike price per security:                The option strike price was USD7.35 for 1,402
                                                 stock options
Total exercise price                             USD10,304.70

Reporting person:                                Nitin Soma
Class of security:                               Common stock
Nature of interest:                              Direct, beneficial
Nature of transaction:                           On-market sale
Number of securities:                            12,623 (2)
Date of transaction:                             February 21, 2017
Price per security:                              USD12.87 (3)
Total transaction value:                         USD162,458.01

(1) The options became exercisable in three equal annual instalments commencing August
21, 2014.

(2) Includes 11,222 shares of Company common stock which represents part of a grant of
restricted stock, one-third of which vested on each of the first, second and third anniversaries
of the grant date, February 8, 2012, provided the recipient was an employee on such dates.

(3) Sale prices for the transaction reported range from USD12.82 to USD13.04.

Reporting person:                                Nitin Soma
Class of security:                               Common stock
Nature of interest:                              Direct, beneficial
Nature of transaction:                           On-market sale
Number of securities:                            7,112
Date of transaction:                             February 22, 2017
Price per security:                              USD12.84 (1)
Total transaction value:                         USD91,318.08

(1) Represents part of a grant of restricted stock, one-third of which vested on each of the
first, second and third anniversaries of the grant date, February 8, 2012, provided the
recipient was an employee on such dates.

(2) Sale prices for the transaction reported range from USD12.82 to USD12.87.

Clearance to deal was given in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.


February 24, 2017
Johannesburg

Sponsor to Net1:
Rand Merchant Bank, a division of FirstRand Bank Limited

Date: 24/02/2017 08:00:00 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.