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Results of Net1 November 15, 2017 Annual General Meeting
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")
Results of Net1 November 15, 2017 Annual General Meeting
The annual meeting of shareholders of Net1 was held on November 15, 2017.
Proposal No. 1 — Election of Directors
All director nominees were elected and the votes cast were as follows:
Votes Broker
Director Votes for withheld non-votes
Herman G. Kotzé 40,309,548 1,979,831 5,889,733
Christopher S. Seabrooke 25,417,480 16,871,899 5,889,733
Alasdair J.K. Pein 29,827,900 12,461,479 5,889,733
Paul Edwards 29,830,080 12,459,299 5,889,733
Alfred T. Mockett 41,743,088 546,291 5,889,733
Proposal No. 2 — Ratification of Selection of Independent Registered Public Accounting Firm
The ratification of the selection of Deloitte & Touche (South Africa) as the Company’s independent
registered public accounting firm for the fiscal year ending June 30, 2018, was approved and the
votes cast were as follows:
Votes cast
For Against Abstain
48,026,811 137,780 14,521
Proposal No. 3 — A Non-Binding Advisory Vote to Approve Executive Compensation
The compensation of the Company’s named executive officers was approved, on an advisory, non-
binding basis, and the votes cast were as follows:
Votes cast
Broker
For Against Abstain non-votes
27,603,002 11,874,344 2,812,033 5,889,733
Proposal No. 4 — A Non-Binding Advisory Vote Regarding Whether an Advisory Vote on
Executive Compensation Will Occur Every One, Two or Three Years
The votes cast on this proposal were as follows:
Votes cast
Every Broker
Every Every three Abstain non-
year two years years votes
38,979,574 2,628,827 653,763 27,215 5,889,733
The Company will hold future advisory votes on executive compensation every year.
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. Through Transact24,
Net1 offers debit, credit and prepaid processing and issuing services for Visa, MasterCard,
ChinaUnionPay, Alipay and WeChat in China and other territories across Asia-Pacific, Europe and
Africa, and the United States. Through Masterpayment, Net1 provides payment processing and
enables working capital financing in Europe.
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.
Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock
Exchange.
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: +1-917-767-6722
Email: dchopra@net1.com
Media Relations Contact:
Bridget von Holdt
Business Director – Burson-Marsteller South Africa
Phone: +27-82-610-0650
Email: bridget.vonholdt@bm-africa.com
Johannesburg
November 15, 2017
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 15/11/2017 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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