Net1 notification to SA shareholders: No change statement regarding first quarter 2019 Form 10-Q filing with the SEC 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”) Net1 notification to South African shareholders: No change statement regarding first quarter 2019 Form 10-Q filing with the SEC The Company’s South African shareholders are advised that Net1 filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission (“SEC”) on close of business in the United States on November 14, 2018. The Company further advises its South African shareholders that there were no changes to the amounts presented in the condensed consolidated financial statements contained in the SENS announcement released on November 9, 2019, titled “Net 1 UEPS Technologies, Inc. Reports First Quarter 2019 Results”. The Form 10-Q for the first quarter of fiscal 2019 is available on the Company’s website at http://ir.net1.com/phoenix.zhtml?c=73876&p=irol-reportsOther About Net1 (www.net1.com) Net1 is a leading provider of transaction processing services, financial inclusion products and services and secure payment technology. Net1 operates market-leading payment processors in South Africa and the Republic of Korea. Net1 offers debit, credit and prepaid processing and issuing services for all major payment networks. In South Africa, Net1 provides innovative low-cost financial inclusion products, including banking, lending and insurance, and is a leading distributor of mobile subscriber starter packs for Cell C, a South African mobile network operator. Net1 leverages its strategic equity investments in Finbond and Bank Frick (both regulated banks), and Cell C to introduce products to new customers and geographies. Net1 has a primary listing on NASDAQ (NasdaqGS: UEPS) and a secondary listing on the Johannesburg Stock Exchange (JSE: NT1). Visit www.net1.com for additional information about Net1. Investor Relations Contact: Dhruv Chopra Head of Investor Relations Phone: +1-917-767-6722 Email: dchopra@net1.com Media Relations Contact: Bridget von Holdt Business Director – BCW Phone: +27-82-610-0650 Email: bridget.vonholdt@bm-africa.com Johannesburg November 15, 2018 Sponsor: Rand Merchant Bank, a division of FirstRand Bank Limited Date: 15/11/2018 09:11:00 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.