Notification of directors’ 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 directors’ dealings in Net1 securities In compliance with the JSE Limited Listings Requirements, the following dealings in the securities of Net1 have taken place by directors (“reporting persons”) of the Company: Director: Alasdair Jonathan Kemsley Pein Name of company: Net1 Class of security: Common stock Nature of interest: Direct, beneficial Nature of transaction: On market sale of securities Number of securities: 6,500 (1) Date of transaction: December 12, 2017 Price per security: USD 11.01 (2) Total transaction value: USD 71,596.20 (1) Includes (i) 2,176 shares which were part of an original grant of 6,530 restricted shares, which became transferable in three equal annual instalments commencing August 21, 2014; and (ii) 3,140 shares which were part of an original grant of 4,702 restricted shares, which became transferable in three equal annual instalments commencing August 27, 2015, and (iii) 1,184 shares which were part of an original grant of 5,985 restricted shares, which became transferable in three equal annual instalments commencing August 19, 2016. (2) Sale prices for the transaction reported range from $11.00 to $11.10. Clearance to deal was given in terms of paragraph 3.66 of the JSE Limited Listings Requirements. December 14, 2017 Johannesburg Sponsor to Net1: Rand Merchant Bank, a division of FirstRand Bank Limited Date: 14/12/2017 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.