NET 1 UEPS TECHNOLOGIES INC - Results of Net1 November 20, 2019 Annual General Meeting

Results of Net1 November 20, 2019 Annual General Meeting

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
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
("Net1")

Results of Net1 November 20, 2019 Annual General Meeting

The annual meeting of shareholders of Net1 was held on November 20, 2019.

Proposal No. 1—Election of Directors


                                                    Votes         Broker
Director                           Votes for       withheld      non-votes
Herman G. Kotzé                    27,069,353       9,563,454            -
Alex M.R. Smith                    26,142,621      10,490,186            -
Christopher S. Seabrooke           19,912,842      16,719,965            -
Alasdair J.K. Pein                 25,294,961      11,337,846            -
Paul Edwards                       25,860,432      10,772,375            -
Alfred T. Mockett                  25,599,822      11,032,985            -
Ekta Singh-Bushell                 25,381,354      11,251,453            -

Proposal No. 2—Ratification of Selection of Independent Registered Public Accounting Firm

The ratification of the selection of Deloitte & Touche (South Africa) as the Company’s independent registered public
accounting firm for the fiscal year ending June 30, 2020, was approved and the votes cast were as follows:

       Votes cast
   For         Against         Abstain
36,490,207     141,029          1,571

Proposal No. 3—A Non-Binding Advisory Vote to Approve Executive Compensation

The compensation of the Company’s named executive officers was approved, on an advisory, non-binding basis, and
the votes cast were as follows:

        Votes cast
                                                 Broker
   For           Against         Abstain        non-votes
26,763,837      9,837,846        31,124              0

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 through
DNI 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
Group Vice President 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 20, 2019

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

Date: 20/11/2019 05:30:00
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