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 Shareholders are advised that the following dealings in the securities of Net1 have taken place by a director ("reporting person") of the Company: Director: Christopher Stefan Seabrooke Name of company: Net1 Class of security: Common stock Nature of interest: Indirect, beneficial (1) Nature of transaction: On market purchase of securities Number of securities: 10,500 Date of transaction: February 22, 2018 Price per security: USD 10.73 (2) Total transaction value: USD 112,665 (2) (1) A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary beneficiary, is a shareholder of the company whose wholly owned subsidiary acquired the common stock. The trust beneficially owns 33% of the company that holds the common stock and has the right to vote 68% of the issued shares of the company. The reporting person is one of four trustees of the trust, and all matters voted on require a simple majority. The reporting person is the chief executive of the company that holds the common stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (2) The underlying transactions were denominated in South African rand ("ZAR") and were executed through the trading system of the JSE Limited. The amount reported in United States dollars is based on the exchange rate in effect on the date of the transactions. The purchase price for the transactions reported here was ZAR125.00 per security. Clearance to deal in respect of the above transactions was given. February 27, 2018 Johannesburg Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 27/02/2018 07:05:00 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.