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NET 1 UEPS TECHNOLOGIES INC - Net1 donates to Solidarity Fund and other Covid-19 initiatives

Release Date: 15/04/2020 15:00
Code(s): NT1     PDF:  
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Net1 donates to Solidarity Fund and other Covid-19 initiatives

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” or “the Company”)

Net1 donates to Solidarity Fund and other Covid-19 initiatives

JOHANNESBURG, April 15, 2020 – Net1 (Nasdaq: UEPS, JSE: NT1) today announced that, in
support of the recent call for support by the South African President, all of Net1’s non-executive
directors and its South African based executives have taken salary, benefit and fee reductions of 30%
for the three months to June 30. These amounts will be donated to The Solidarity Fund and other
related initiatives to assist in the fight against the Covid-19 pandemic in South Africa and its impact
on various critical functions such as healthcare, social assistance and education.

About Net1 (www.net1.com)

Net1 is a multinational financial technology company with a presence in Africa, Asia and Europe.
Net1 leverages its proprietary banking and payment technology to distribute low-cost financial and
value-added services to underbanked consumers and small businesses. The Company also provides
transaction processing services, including being a leading payment processor and bill payment
platform in South Africa. Net1 leverages its strategic investments in banks, telecom and mobile
payment technology companies to further expand its product offerings or to enter new markets. 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@bcw-global.com

Johannesburg
April 15, 2020

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

Date: 15-04-2020 03:00:00
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