NET 1 UEPS TECHNOLOGIES INC - Notification of dealings in Net1 securities by an associate of a director

Notification of dealings in Net1 securities by an associate of a director

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”)

Notification of dealings in Net1 securities by an associate of a director

Shareholders are advised that the following dealings in the securities of Net1 have taken
place by an associate of a director (“reporting person”) of the Company:

Director:                                       Antony Charles Ball
Associate (1):                                  Value Capital Partners (Pty) Ltd
Name of company:                                Net1
Class of securities:                            Common stock
Nature of interest:                             Indirect, non-beneficial
Nature of transaction:                          On market purchase of securities
Number of securities:                           7,000
Date of transaction:                            November 20, 2020
Price per security                              USD 3.40
Total transaction value:                        USD 23,800.00

(1) Value Capital Partners (Pty) Ltd (“VCP”), of which the reporting person is a minority
shareholder and its chairman, has been appointed as investment manager to a South African
collective investment scheme trust and certain segregated accounts (the “VCP Managed
Funds”), providing VCP with voting and dispositive power over the common stock (the
“Shares”) of Net1 directly held by any of the VCP Managed Funds and therefore VCP and
accordingly the reporting person may be deemed to be the beneficial owner of such Shares.
The reporting person disclaims beneficial ownership of these Shares except to the extent of
his pecuniary interest therein.


Net1 has a primary listing on NASDAQ and a secondary listing on the Johannesburg Stock
Exchange.

November 25, 2020
Johannesburg

Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited

Date: 25-11-2020 07:11:00
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