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 directors ("reporting person") 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 purchase of securities Number of securities: 10,000 Date of transaction: November 13, 2018 Price per security (VWAP): USD 4.5287 (1) Total transaction value: USD 45,287 (1) (1) Purchase prices for the transactions reported here range from $4.45 to $4.63. Director: Alasdair J.K. Pein Name of company: Net1 Class of security: Common stock Nature of interest: Indirect, beneficial Nature of transaction: On market purchase of securities Number of securities: 6,000 Date of transaction: November 13, 2018 Price per security (VWAP): USD 4.5344 (1) Total transaction value: USD 27,206.40 (1) (1) Purchase prices for the transactions reported here range from $4.49 to $4.63. Clearance to deal in respect of the above transactions was given. November 15, 2018 Johannesburg Sponsor Rand Merchant Bank, a division of FirstRand Bank Limited Date: 15/11/2018 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.