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 Date: 19/12/2017 04:00:00 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.