LSAK

SEC source: 0001062993-26-001205 · form4.xml · nonDerivative · entry 1

Mali Lincoln Camagu · CIK 0001860296 · Director · CEO: Southern Africa

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 330,755

F1 · shares: Represents forfeiture of a grant of restricted stock awarded on December 1, 2022, which did not meet a stock price target vesting condition.

SEC source: 0001062993-25-006818 · form4.xml · nonDerivative · entry 1

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 525,115

F1 · price: The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.74 to $5.00. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

SEC source: 0001062993-25-006567 · form4.xml · nonDerivative · entry 2

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 505,115

F2 · price: The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.93 to $5.06. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

SEC source: 0001062993-25-006567 · form4.xml · nonDerivative · entry 1

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 469,826

F1 · price: The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.95 to $5.00. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

SEC source: 0001062993-25-006394 · form4.xml · nonDerivative · entry 2

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 438,896

F2 · price: The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.80 to $5.00. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request

SEC source: 0001062993-25-006394 · form4.xml · nonDerivative · entry 1

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 405,600

F1 · price: The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.86 to $4.99. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

SEC source: 0001062993-25-006227 · form4.xml · nonDerivative · entry 2

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 397,284

F2 · price: The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.68 to $4.79. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request

SEC source: 0001062993-25-006227 · form4.xml · nonDerivative · entry 1

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 375,494

F1 · price: The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.60 to $4.64. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

SEC source: 0001062993-25-000016 · form4.xml · derivative · entry 5

Heilbron Steven John · CIK 0001929776 · Director · Executive

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,000

Underlying: Common stock · 150,000 shares

Expires 2029-01-31

F1 · derivative.exercise_date: The stock options will vest on December 31, 2026, provided that the Reporting Person maintains continuous employment with the Company through such date. The stock options may only be exercised from December 31, 2026 to January 31, 2029.

SEC source: 0001062993-25-000016 · form4.xml · derivative · entry 4

Heilbron Steven John · CIK 0001929776 · Director · Executive

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,000

Underlying: Common stock · 150,000 shares

Expires 2029-01-31

F1 · derivative.exercise_date: The stock options will vest on December 31, 2026, provided that the Reporting Person maintains continuous employment with the Company through such date. The stock options may only be exercised from December 31, 2026 to January 31, 2029.

SEC source: 0001062993-25-000016 · form4.xml · derivative · entry 3

Heilbron Steven John · CIK 0001929776 · Director · Executive

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 350,000

Underlying: Common stock · 100,000 shares

Expires 2029-01-31

F1 · derivative.exercise_date: The stock options will vest on December 31, 2026, provided that the Reporting Person maintains continuous employment with the Company through such date. The stock options may only be exercised from December 31, 2026 to January 31, 2029.

SEC source: 0001062993-25-000016 · form4.xml · derivative · entry 2

Heilbron Steven John · CIK 0001929776 · Director · Executive

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 250,000

Underlying: Common stock · 250,000 shares

Expires 2029-01-31

F1 · derivative.exercise_date: The stock options will vest on December 31, 2026, provided that the Reporting Person maintains continuous employment with the Company through such date. The stock options may only be exercised from December 31, 2026 to January 31, 2029.

SEC source: 0001062993-25-000016 · form4.xml · derivative · entry 1

Heilbron Steven John · CIK 0001929776 · Director · Executive

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 350,000

Underlying: Common stock · 350,000 shares

Expires 2029-01-31

F1 · derivative.exercise_date: The stock options will vest on December 31, 2026, provided that the Reporting Person maintains continuous employment with the Company through such date. The stock options may only be exercised from December 31, 2026 to January 31, 2029.

SEC source: 0001062993-25-012095 · form4.xml · nonDerivative · entry 1

Mali Lincoln Camagu · CIK 0001860296 · Director · CEO: Southern Africa

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 408,461

F1 · shares: These shares of common stock are part of an original grant totaling 82,639 shares of restricted stock granted in October 2023 and for which vesting is subject to the satisfaction of certain stock price conditions.

F2 · price: Represents the Issuer's closing price on the Johannesburg Stock Exchange on November 18, 2024 of ZAR 88.25 divided by the average $:ZAR exchange rate on November 18, 2024 of $1: ZAR18.06, which was the price used for the purposes of calculating the tax liability.

SEC source: 0001062993-24-018467 · form4.xml · nonDerivative · entry 1

Kola Naeem Ebrahim · CIK 0001919503 · Director · Group Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 492,088

F1 · shares: Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2022 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) the price of the Company's common stock is equal to or exceeds certain stock price levels during specific measurement periods from September 30, 2024, to September 30, 2027, and (2) the recipient is employed by the Company on a full-time basis on September 30, 2027. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.

SEC source: 0001062993-24-018468 · form4.xml · nonDerivative · entry 1

Smith Daniel Luke · CIK 0002040624 · Director · Group CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 220,000

F1 · shares: Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2022 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) the price of the Company's common stock is equal to or exceeds certain stock price levels during specific measurement periods from September 30, 2024, to September 30, 2027, and (2) the recipient is employed by the Company on a full-time basis on September 30, 2027. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.

SEC source: 0001062993-24-018470 · form4.xml · nonDerivative · entry 1

Mali Lincoln Camagu · CIK 0001860296 · Director · CEO: Southern Africa

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 420,857

F1 · shares: Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2022 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) the price of the Company's common stock is equal to or exceeds certain stock price levels during specific measurement periods from September 30, 2024, to September 30, 2027, and (2) the recipient is employed by the Company on a full-time basis on September 30, 2027. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.

SEC source: 0001193125-26-097172 · ownership.xml · nonDerivative · entry 20

International Finance Corp · CIK 0001384542 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 6,084,166

F5 · kind: Represents shares of Common Stock acquired by FIG as a result of the Issuer's acquisition of the Adumo Group.

F2 · ownership.nature: The Reporting Person may be deemed to beneficially own shares of Common Stock held indirectly through three funds managed by the Reporting Person that invests third party capital in conjunction with the Reporting Person's investments: (a) IFC African, Latin American and Caribbean Fund, LP ("ALAC"), a United Kingdom limited partnership, of which IFC African, Latin American and Caribbean Fund (GP) LLC, a Delaware limited liability company, serves as general partner; (b) IFC Financial Institutions Growth Fund, LP ("FIG"), a United Kingdom limited partnership, of which IFC FIG Fund (GP), LLP, a United Kingdom limited liability partnership, serves as general partner; and (c) AFCAP.

F3 · ownership.nature: The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of its pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0001193125-26-097172 · ownership.xml · nonDerivative · entry 19

International Finance Corp · CIK 0001384542 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,271,862

F4 · kind: Represents shares of Common Stock acquired by the Reporting Person as a result of the Issuer's acquisition of Adumo (RF) Proprietary Limited and its subsidiaries (the "Adumo Group").

SEC source: 0001062993-24-017623 · form4.xml · nonDerivative · entry 1

Smith Daniel Luke · CIK 0002040624 · Director · Group CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100,000

F1 · shares: Represents a grant of restricted stock pursuant to the Amended and Restated 2022 Stock Incentive Plan. Vesting is subject to the recipient's continuous service through the applicable vesting date, one third of which vests on each of the first, second and third anniversaries of the grant date, October 1, 2024.

SEC source: 0001062993-24-013286 · form4.xml · nonDerivative · entry 1

Mali Lincoln Camagu · CIK 0001860296 · Director · CEO: Southern Africa

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 270,857

F1 · shares: Represents forfeiture of a grant of restricted stock awarded on May 5, 2021, which did not meet a stock price target vesting condition.

SEC source: 0001062993-24-013287 · form4.xml · nonDerivative · entry 2

Meyer Christopher G.B. · CIK 0001872089 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 582,478

F2 · shares: Represents forfeiture of a grant of restricted stock awarded on July 1, 2021, which did not meet a stock price target vesting condition.

SEC source: 0001062993-24-013287 · form4.xml · nonDerivative · entry 1

Meyer Christopher G.B. · CIK 0001872089 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 641,130

F1 · price: Sale prices for the transactions reported here range from $4.66 to $4.73. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

SEC source: 0001062993-24-013132 · form4.xml · nonDerivative · entry 1

Meyer Christopher G.B. · CIK 0001872089 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 655,868

SEC source: 0001062993-24-013008 · form4.xml · nonDerivative · entry 2

Meyer Christopher G.B. · CIK 0001872089 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 665,868

SEC source: 0001062993-24-013008 · form4.xml · nonDerivative · entry 1

Meyer Christopher G.B. · CIK 0001872089 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 675,868

SEC source: 0001062993-24-012814 · form4.xml · derivative · entry 4

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,000,000

Underlying: Common stock · 1,000,000 shares

Expires 2029-01-31

F1 · date: The stock options were approved by the board of directors on December 4, 2023, subject to shareholder approval of the grant. Shareholders approved the grant on June 3, 2024.

F2 · derivative.exercise_date: The stock options will vest on January 31, 2026, provided that the recipient provides continuous service as Executive Chairman through January 31, 2026. The stock options may only be exercised during a period commencing from January 31, 2028 to January 31, 2029.

SEC source: 0001062993-24-012814 · form4.xml · derivative · entry 3

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,000,000

Underlying: Common stock · 1,000,000 shares

Expires 2029-01-31

F1 · date: The stock options were approved by the board of directors on December 4, 2023, subject to shareholder approval of the grant. Shareholders approved the grant on June 3, 2024.

F2 · derivative.exercise_date: The stock options will vest on January 31, 2026, provided that the recipient provides continuous service as Executive Chairman through January 31, 2026. The stock options may only be exercised during a period commencing from January 31, 2028 to January 31, 2029.

SEC source: 0001062993-24-012814 · form4.xml · derivative · entry 2

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,000,000

Underlying: Common stock · 1,000,000 shares

Expires 2029-01-31

F1 · date: The stock options were approved by the board of directors on December 4, 2023, subject to shareholder approval of the grant. Shareholders approved the grant on June 3, 2024.

F2 · derivative.exercise_date: The stock options will vest on January 31, 2026, provided that the recipient provides continuous service as Executive Chairman through January 31, 2026. The stock options may only be exercised during a period commencing from January 31, 2028 to January 31, 2029.

SEC source: 0001062993-24-012814 · form4.xml · derivative · entry 1

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,000,000

Underlying: Common stock · 1,000,000 shares

Expires 2029-01-31

F1 · date: The stock options were approved by the board of directors on December 4, 2023, subject to shareholder approval of the grant. Shareholders approved the grant on June 3, 2024.

F2 · derivative.exercise_date: The stock options will vest on January 31, 2026, provided that the recipient provides continuous service as Executive Chairman through January 31, 2026. The stock options may only be exercised during a period commencing from January 31, 2028 to January 31, 2029.

SEC source: 0001062993-24-010274 · form4.xml · nonDerivative · entry 1

Mazanderani Ali · CIK 0001812168 · Director · Executive Chairman

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 374,894

F1 · price: Purchase prices for the transactions reported here range from $4.98 to $5.20. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

SEC source: 0001062993-24-011469 · form4.xml · nonDerivative · entry 2

Mali Lincoln Camagu · CIK 0001860296 · Director · CEO: Southern Africa

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 344,591

F3 · shares: These shares of common stock are part of an original grant of 77,040 shares of restricted stock granted in May 2021 and which vest ratably over a three-year period commencing on May 1, 2022.

F2 · price: Represents the Issuer's closing price on the Johannesburg Stock Exchange on May 13, 2024 of ZAR 89.00 divided by the average $:ZAR exchange rate on May 13, 2024 of $1: ZAR18.37, which was the price used for the purposes of calculating the tax liability.

SEC source: 0001062993-24-011469 · form4.xml · nonDerivative · entry 1

Mali Lincoln Camagu · CIK 0001860296 · Director · CEO: Southern Africa

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 356,147

F1 · shares: These shares of common stock are part of original grants totaling 89,756 shares of restricted stock granted in November and December 2021 and which vest ratably over a three-year period commencing on May 1, 2022.

F2 · price: Represents the Issuer's closing price on the Johannesburg Stock Exchange on May 13, 2024 of ZAR 89.00 divided by the average $:ZAR exchange rate on May 13, 2024 of $1: ZAR18.37, which was the price used for the purposes of calculating the tax liability.

SEC source: 0001062993-23-022516 · form4.xml · nonDerivative · entry 1

Mazanderani Ali · CIK 0001812168 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 322,476

F1 · price: The 322,476 shares of common stock were acquired by the Reporting Person in exchange for other securities held by the Reporting Person for an aggregate purchase price of approximately $1,064,171.

SEC source: 0001062993-23-021993 · form4.xml · derivative · entry 1

Mazanderani Ali · CIK 0001812168 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 500,000

Underlying: Common stock · 500,000 shares

Expires 2029-01-31

F1 · derivative.exercise_date: The stock options will vest on the first anniversary of the grant date, provided that the recipient provides continuous service on the Issuer's board of directors through February 1, 2024 and continuous service as Executive Chairman from February 1, 2024 through December 4, 2024. The stock options will vest immediately if the recipient's employment is terminated by the Issuer without cause on or before the first anniversary of the grant date. The stock options may only be exercised during a period commencing from January 31, 2028 to January 31, 2029.

SEC source: 0001062993-23-019761 · form4.xml · nonDerivative · entry 1

Heilbron Steven John · CIK 0001929776 · Director · Executive

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 750,000

F1 · shares: Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2022 Stock Incentive Plan. The shares vest on June 30, 2025, and vesting is subject to the Reporting Person's continuous employment with the Company or serving on the Issuer's board of directors through June 30, 2025. If the Reporting Person's employment is terminated by the Company without cause then the shares of restricted stock will continue to vest on June 30, 2025, notwithstanding the fact that the Reporting Person is no longer an employee of the Issuer. If the Reporting Person's employment is terminated for cause, then any unvested shares will be forfeited.

SEC source: 0001062993-23-019760 · form4.xml · nonDerivative · entry 1

Mali Lincoln Camagu · CIK 0001860296 · Director · CEO: Southern Africa

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 369,611

F1 · shares: Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2022 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) the price of the Company's common stock is equal to or exceeds certain stock price levels during specific measurement periods from September 30, 2023, to November 17, 2026, and (2) the recipient is employed by the Company on a full-time basis when the condition in (1) is met. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.

SEC source: 0001062993-23-019758 · form4.xml · nonDerivative · entry 1

Meyer Christopher G.B. · CIK 0001872089 · Director · Group Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 747,347

F1 · shares: Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2022 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) the price of the Company's common stock is equal to or exceeds certain stock price levels during specific measurement periods from September 30, 2023, to November 17, 2026, and (2) the recipient is employed by the Company on a full-time basis when the condition in (1) is met. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.

SEC source: 0001140361-23-032777 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,642,598

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.53 and $3.60. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-031535 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,635,295

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase price for the transaction reported is $3.60. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-027339 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,634,095

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.56 and $3.60. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-026186 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,633,695

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.93 and $4.00. Full information regarding the number of Shares of Lesaka purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-026186 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,630,095

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.79 and $3.88. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-025477 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,623,103

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.31 and $3.85. Full information regarding the number of Shares of Lesaka purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-23-025477 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,604,703

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.65 and $3.82. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001062993-23-011192 · form4.xml · nonDerivative · entry 2

Meyer Christopher G.B. · CIK 0001872089 · Director · Group Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 603,445

F2 · price: The underlying transactions are denominated in South African rand ("ZAR") and were executed on the JSE Limited. The amount reported in United States dollars is based on the exchange rate in effect on the date of the transactions. Purchase prices for the transactions reported here range from ZAR 70.06 to ZAR 70.20. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

SEC source: 0001140361-23-025008 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · Director · 10% owner

Nkosi Monde · CIK 0001834957 · Director

Ball Antony C · CIK 0001293885 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 15,551,919

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.65 and $3.86. Full information regarding the number of Shares of Lesaka purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001062993-23-011099 · form4.xml · nonDerivative · entry 2

Mali Lincoln Camagu · CIK 0001860296 · Director · CEO: Southern Africa

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 286,972

F3 · shares: These shares of common stock are part of an original grant of 77,040 shares of restricted stock granted in May 2021 and which vest ratably over a three-year period commencing on May 1, 2022.

F2 · price: Represents the Issuer's closing price on the Nasdaq on May 11, 2023, which was the price used for the purposes of calculating the tax liability.

SEC source: 0001062993-23-011099 · form4.xml · nonDerivative · entry 1

Mali Lincoln Camagu · CIK 0001860296 · Director · CEO: Southern Africa

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 298,528

F1 · shares: These shares of common stock are part of original grants totaling 89,756 shares of restricted stock granted in November and December 2021 and which vest ratably over a three-year period commencing on May 1, 2022.

F2 · price: Represents the Issuer's closing price on the Nasdaq on May 11, 2023, which was the price used for the purposes of calculating the tax liability.

SEC source: 0001062993-23-011192 · form4.xml · nonDerivative · entry 1

Meyer Christopher G.B. · CIK 0001872089 · Director · Group Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 602,445

F1 · price: The underlying transactions are denominated in South African rand ("ZAR") and were executed on the JSE Limited. The amount reported in United States dollars is based on the exchange rate in effect on the date of the transactions.