LESAKA TECHNOLOGIES INC - Lesaka Technologies, Inc. Amendments to executive chairmans employment and compensatory arrangements

Lesaka Technologies, Inc. – Amendments to executive chairman’s employment and compensatory arrangements

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. – Amendments to Executive Chairman's employment and compensatory
arrangements

On May 12, 2026, the Board of Directors of Lesaka Technologies, Inc. ("Lesaka" or the "Company") approved
amendments to the employment and compensatory arrangements of its Executive Chairman, Mr. Ali Mazanderani.

The amendments include an extension of Mr. Mazanderani's employment term from January 31, 2028, to June 30,
2029, adjustments to his base remuneration and related travel cost arrangements, and the award of equity options.
The equity option award remains subject to shareholder approval, and a notice of shareholders' meeting will be
distributed in due course.

The amendments are intended to support leadership continuity, compensate Mr Mazandarani for his additional time
contribution to Lesaka and align Mr. Mazanderani's incentives with long-term shareholder value creation.

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 May 18, 2026, which is available on the SEC's website.

About Lesaka Technologies, Inc. (www.lesakatech.com)

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.lesakatech.com for additional information about Lesaka.

Investor Relations and Media Relations Contacts:
Idris Dungarwalla
Email: idris.dungarwalla@lesakatech.com
Mobile: +44 786 225 4852

Akash Dowra
Email: akash.dowra@lesakatech.com
Mobile: +27 83 235 9750

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

Johannesburg
May 19, 2026

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

Date: 19-05-2026 07:05:00
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