Notice of annual meeting of shareholders 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”) NOTICE OF ANNUAL MEETING OF SHAREHOLDERS Notice is hereby given that the Company’s annual meeting of shareholders will be held at 16H00, local time, 09H00 Eastern Time, on November 17, 2021, at President Place, 6th Floor, Cnr. Jan Smuts Avenue and Bolton Road, Rosebank, Johannesburg, South Africa, to transact the business as stated in the notice of the annual meeting which can be found on Net1’s website at https://ir.net1.com/static- files/a084804e-9c40-40aa-9092-6e67552ed09b. Net1’s Board of Directors has fixed the close of business on September 24, 2021, as the record date for determining shareholders entitled to notice of and to vote at the meeting. As this date was a public holiday in South Africa, the Company has used September 23, 2021, as the record date for its South African Shareholders. The Company’s 2021 Annual Report is also available on its website at https://ir.net1.com/static- files/5d973646-ad9e-48a0-90aa-f3d288cac142. About Net1 (www.net1.com) Net1 is a leading financial technology company that utilizes its proprietary banking and payment technology to deliver on its mission of financial inclusion through the distribution of low-cost financial and value-added services to underserved consumers and small businesses in Southern Africa, which represents a significant segment of these economies. The Company also provides transaction processing services, including being a payment processor and bill payment platform in South Africa. Net1 leverages its strategic investments 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: Dara Dierks Managing Director – ICR Email: net1IR@icrinc.com Media Relations Contact: Bridget von Holdt Co-Market Leader | MD – BCW Phone: +27-82-610-0650 Email: Bridget.vonholdt@bcw-global.com Johannesburg October 4, 2021 Sponsor: Rand Merchant Bank, a division of FirstRand Bank Limited Date: 04-10-2021 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.