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

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:                                       Paul Edwards
 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:                           9,000 (1)
 Date of transaction:                            December 18, 2017
 Price per security:                             USD 11.36 (2)
 Total transaction value:                        USD 102,236.40

(1) Represents 9,000 shares which were part of an original grant of 10,000 restricted shares.
The aforementioned restricted shares were originally set to vest over a three-year period. After
the end of fiscal 2017, the board amended the terms of the outstanding awards to vest
immediately. As a result of this amendment, all shares held at June 30, 2017 were fully-vested.

(2) Sale prices for the transaction reported range from $11.30 to $11.45.

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


December 19, 2017
Johannesburg

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

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