LESAKA TECHNOLOGIES INC - Lesaka announces extension of Bank Zero acquisition long-stop date to January 31, 2027

Lesaka announces extension of Bank Zero acquisition long-stop date to January 31, 2027

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 announces extension of Bank Zero acquisition long-stop date to January 31, 2027

On June 26, 2025, Lesaka announced that its wholly owned subsidiary, Lesaka Technologies Proprietary Limited ("Lesaka
SA"), had entered into a Transaction Implementation Agreement (the "Transaction Implementation Agreement") with Zero
Research Proprietary Limited ("Zero Research"), Bank Zero Mutual Bank ("Bank Zero"), the parties identified in Annexure A
to the Transaction Implementation Agreement (being all of the shareholders of Bank Zero save for Zero Research and
Naught Holdings Ltd), the parties listed in Annexure B to the Transaction Implementation Agreement (being all of the
shareholders of Zero Research save for Naught Holdings Ltd) and Naught Holdings Ltd.

The Transaction Implementation Agreement will lapse if the outstanding conditions precedent are not fulfilled or, if permitted,
waived by August 6, 2026 (or such later date as may be agreed between Lesaka SA and the Sellers' representative). On
June 11, 2026, Lesaka SA and the Sellers' representative agreed to extend this date from August 6, 2026, to January 31,
2027, while the remaining outstanding regulatory consents are being procured.

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
June 18, 2026

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

Date: 18-06-2026 07:05:00
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