LSAK

SEC source: 0001140361-23-025008 · 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: 15,521,380

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.46 and $3.73. 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: 0001140361-23-015935 · 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: 15,479,880

F2 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.60 and $4.85. Full information regarding the Shares of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F1 · 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 of common stock (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 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: 0001140361-23-015935 · 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: 15,420,468

F1 · 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 of common stock (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 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: 0001140361-23-014912 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: 15,418,543

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.06 and $4.50. 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 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: 0001140361-23-014912 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: 15,353,708

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.00 and $4.20. 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 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: 0001062993-23-005036 · form4.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 311,992

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 transaction price and exchange rate in effect on the date of the transaction, which were (i) February 17, 2023: ZAR 84.00 per share and the exchange rate of $1:ZAR 18.17; (ii) February 21, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.20; (iii) February 22, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.24; and (iv) February 23, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.26,. respectively

SEC source: 0001062993-23-005036 · form4.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 315,555

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 transaction price and exchange rate in effect on the date of the transaction, which were (i) February 17, 2023: ZAR 84.00 per share and the exchange rate of $1:ZAR 18.17; (ii) February 21, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.20; (iii) February 22, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.24; and (iv) February 23, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.26,. respectively

SEC source: 0001062993-23-005036 · form4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 327,375

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 transaction price and exchange rate in effect on the date of the transaction, which were (i) February 17, 2023: ZAR 84.00 per share and the exchange rate of $1:ZAR 18.17; (ii) February 21, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.20; (iii) February 22, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.24; and (iv) February 23, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.26,. respectively

SEC source: 0001062993-23-005036 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 327,980

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 transaction price and exchange rate in effect on the date of the transaction, which were (i) February 17, 2023: ZAR 84.00 per share and the exchange rate of $1:ZAR 18.17; (ii) February 21, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.20; (iii) February 22, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.24; and (iv) February 23, 2023: ZAR 82.00 per share and the exchange rate of $1:ZAR 18.26,. respectively

SEC source: 0001062993-23-000255 · form4.xml · nonDerivative · entry 2

Heilbron Steven John · CIK 0001929776 · Director · Executive

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 525,000

F2 · 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, 2024, 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, 2024. 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, 2024, 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: 0001062993-23-000255 · form4.xml · nonDerivative · entry 1

Heilbron Steven John · CIK 0001929776 · Director · Executive

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 300,000

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 vested in full on the grant date. The Reporting Person has undertaken to not sell or otherwise dispose of the shares until December 31, 2023.

SEC source: 0001140361-23-000253 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 15,352,908

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.31 and $4.50. 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 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: 0001140361-23-000253 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 15,153,037

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $4.20 and $4.30. 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 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: 0001140361-22-047467 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 15,139,470

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.95 and $4.30. 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 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: 0001140361-22-047467 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 14,915,876

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.74 and $4.00. 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 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: 0001062993-22-023315 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 257,713

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 December 1, 2022, to December 1, 2025, 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: 0001062993-22-023317 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 601,945

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 December 1, 2022, to December 1, 2025, 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: 0001062993-22-023316 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 327,992

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 December 1, 2022, to December 1, 2025, 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: 0001140361-22-043324 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 14,750,700

F1 · price: The purchase price for the transaction reported herein was R70.00, or $4.08 based on a conversion rate of 0.058345 USD, which was the currency conversion closing price on the date of transaction. 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 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: 0001062993-22-022802 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 250,286

F1 · kind: The Reporting Person sold 80,000 shares of Issuer's common stock in order to repay outstanding principal and interest related to borrowings obtained in 2021 to acquire shares of Issuer's common stock and to recoup income taxes incurred upon vesting of shares of Issuer's restricted stock awarded to the Reporting Person, which were previously withheld and paid to the relevant tax authority by the Reporting Person's South African employer on the Reporting Person's behalf.

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 transaction price of ZAR 70.00 per share and the exchange rate of $1:ZAR 17.1385 in effect on the date of the transaction.

SEC source: 0001140361-22-042139 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 14,670,700

F1 · price: The reported price represents the volume-weighted average price of the transactions reported here. 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 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: 0001062993-23-019759 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 342,088

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, 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: 0001140361-22-035909 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 13,670,700

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $3.31 to $3.52. 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 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: 0001140361-22-035499 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 13,160,250

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $3.19 to $3.47. 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 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: 0001140361-22-035909 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 13,165,415

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase price for the transaction reported is ZAR58.00. 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 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: 0001140361-22-035499 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,967,883

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $3.08 to $3.17. 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 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: 0001062993-22-016689 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 490,102

F1 · kind: Shares withheld to satisfy withholding tax liability on vesting of restricted stock award.

F2 · price: Represents the Issuer's opening price on the Nasdaq on July 1, 2022, the date that the shares of restricted common stock vested and a tax liability arose.

SEC source: 0001140361-22-012419 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,957,245

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $5.46 to $5.50. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 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 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: 0001140361-22-010604 · form4.xml · nonDerivative · entry 2

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,955,179

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.94 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: 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 Shares 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.

SEC source: 0001140361-22-010602 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,955,179

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.94 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: 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 Shares 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.

SEC source: 0001140361-22-011849 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,955,179

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.94 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 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 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.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent admission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-010604 · form4.xml · nonDerivative · entry 1

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,943,249

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.86 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: 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 Shares 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.

SEC source: 0001140361-22-010602 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,943,249

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.86 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: 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 Shares 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.

SEC source: 0001140361-22-011849 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,943,249

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.86 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 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 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.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent admission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-010171 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,899,972

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.94 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: 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 Shares 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.

SEC source: 0001140361-22-010172 · form4.xml · nonDerivative · entry 2

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,899,972

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.94 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: 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 Shares 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.

SEC source: 0001140361-22-012425 · form4.xml · nonDerivative · entry 2

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,899,972

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.94 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 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 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.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-22-010171 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,887,571

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.82 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: 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 Shares 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.

SEC source: 0001140361-22-010172 · form4.xml · nonDerivative · entry 1

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,887,571

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.82 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: 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 Shares 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.

SEC source: 0001140361-22-012425 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,887,571

F1 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.82 to $5.00. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 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 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.

F4 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001062993-22-006313 · form4.xml · nonDerivative · entry 1

Smith Alexander Michael Ramsay · CIK 0001731677 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 226,282

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 2015 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, March 1, 2022.

SEC source: 0001062993-22-008714 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 189,394

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 2015 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, March 1, 2022.

SEC source: 0001140361-21-043318 · form4.xml · nonDerivative · entry 1

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,875,305

F1 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP"), of which the reporting person is a minority shareholder and director, 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 Shares 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.

SEC source: 0001140361-21-043317 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,875,305

F1 · ownership.nature: 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 Shares 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.

SEC source: 0001140361-22-012423 · form4.xml · nonDerivative · entry 1

Value Capital Partners (Pty) Ltd · CIK 0001810390 · 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: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,875,305

F1 · price: 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 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.

F1 · 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 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.

F2 · ownership.nature: This amendment and restatement of the original Form 4s timely filed by Messrs. Nkosi and Ball is being filed due to an inadvertent omission of VCP as a reporting person and does not include any previously unreported transactions.

SEC source: 0001140361-21-042659 · form4.xml · nonDerivative · entry 2

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,875,105

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.90 to $5.25. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: Value Capital Partners (Pty) Ltd ("VCP"), of which the reporting person is a minority shareholder and director, 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 Shares 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.

SEC source: 0001062993-21-013316 · form4.xml · nonDerivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 525,562

F4 · shares: Pursuant to the terms of the Matching Arrangement, the reporting person elected to receive these shares of the Issuer's shares of common stock following his purchase. The shares vested on the date of grant.

SEC source: 0001062993-21-013316 · form4.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 517,641

F3 · shares: Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Meyer's June 30, 2021, employment agreement and pursuant to the Amended and Restated 2015 Stock Incentive Plan. The Issuer has agreed to match the reporting person's purchase of shares of its common stock up to an amount of $1.0 million ("Matching Arrangement"). Under the terms of the Matching Arrangement, the Issuer granted these shares of restricted stock to the reporting person following this purchase, and the awards vest ratably over a period of three years commencing on the first anniversary of the grant of the award and are also subject to the reporting person's employment with the Issuer on a full-time basis on the applicable vesting date. 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: 0001062993-21-013316 · form4.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Family Trust

Disclosed balance after: 183,760

F5 · price: Prices for the transactions reported here range from $5.25 to $5.30. 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.

F2 · ownership.direct: A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary beneficiary, acquired the common stock. The trust beneficially owns the common stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

SEC source: 0001140361-21-042650 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,875,105

F3 · price: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transactions reported here range from $4.90 to $5.25. Full information regarding the number of shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F2 · ownership.nature: 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 Shares 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.