LESAKA TECHNOLOGIES INC - LESAKA TECHNOLOGIES, INC. Fiscal 2027 Cash Incentive Awards Approved for Executives

LESAKA TECHNOLOGIES, INC. – Fiscal 2027 Cash Incentive Awards Approved for Executives

Lesaka Technologies Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: LSAK
JSE share code: LSK
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
(“Lesaka,” or the “Company”)

LESAKA TECHNOLOGIES, INC. – Fiscal 2027 Cash Incentive Awards Approved for Executives

On September 8, 2026, Lesaka’s Remuneration Committee (“Committee”) adopted cash incentive awards for
fiscal 2027 for Messrs. Steven Heilbron, Naeem Kola, Lincoln Mali and Dan Smith. The Committee retains broad
discretionary authority with regards to these cash incentive awards to evaluate performance outcomes and
determine final award amounts. In exercising such discretion, the Committee may consider a range of qualitative
and quantitative factors, including, but not limited to:
      - our overall financial performance;
      - specific operating segment financial performance;
      - the impact of unannounced or uncompleted merger and acquisition transactions;
      - extraordinary, non-recurring, or unanticipated events;
      - changes in accounting standards, capital structure, or business strategy; and
      - other factors the Committee determines to be relevant and appropriate.

The Committee may, in its discretion, increase, reduce, or eliminate any cash incentive award(s) that would
otherwise be payable based on formulaic performance results, including reducing payouts to zero, regardless
of whether applicable performance targets are achieved.

On September 8, 2026, the Committee also resolved to increase the annual base salary of Mr. Dan Smith to
ZAR 7,222,500 ($447,053 translated at the September 11, 2026 $/ZAR rate of $1: ZAR 16.1558). The increase
in annual base salary was effective from September 1, 2026.

Further details are set out in the Current Report on Form 8-K filed by the Company with the U.S. Securities and
Exchange Commission (“SEC”) on September 14, 2026, which is available on the SEC’s website.

About Lesaka Technologies, Inc. (www.lesaka.tech)

Lesaka operates a South African fintech company driven by a purpose to provide financial services, software
and other business services to Southern Africa's underserviced consumers and merchants. We offer an
integrated and holistic multiproduct platform that provides transactional accounts, lending, insurance, merchant
acquiring, cash management, software and Alternative Digital Products (“ADP”). We provide targeted solutions
and integrations to facilitate payments between consumers, merchants, and enterprises. By providing a full-
service fintech platform in our connected ecosystem, we facilitate the digitization of commerce in our markets.

Lesaka has a primary listing on NASDAQ (NASDAQ:LSAK) and a secondary listing on the Johannesburg Stock
Exchange (JSE: LSK). Visit www.lesaka.tech for additional information about Lesaka.

Investor Relations and Media Relations Contacts:
Idris Dungarwalla
Email: idris.dungarwalla@lesakatech.com

Media Relations Contact:
Ian Harrison
Email: Ian@thenielsennetwork.com

Johannesburg
September 15, 2026

Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 15/09/2026 07:05:00
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