LSAK

SEC source: 0001062993-21-004096 · form4.xml · nonDerivative · entry 1

Mali Lincoln Camagu · CIK 0001860296 · CEO: South Africa

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 77,040

F1 · shares: Represents a grant of restricted stock approved by the remuneration committee of the Issuers board of directors pursuant to the Amended and Restated 2015 Stock Incentive Plan. Vesting is subject to the recipients continuous service through the applicable vesting date, one third of which vest on each of the first, second and third anniversaries of the grant date, May 1, 2021.

SEC source: 0001062993-21-003976 · form4.xml · nonDerivative · entry 1

Pillay Nunthakumarin · CIK 0001666525 · Managing Dir.: Southern Africa

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · shares: These shares were subject to market and performance conditions and the Reporting Person forfeited these shares upon resignation on April 30, 2021.

SEC source: 0001062993-21-003203 · form4.xml · nonDerivative · entry 1

Pillay Nunthakumarin · CIK 0001666525 · Managing Director: S.Africa

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 164,000

F1 · shares: The common stock sold includes (i) 2,667 shares which were part of an original grant of 13,333 restricted shares, which became transferable in three equal annual installments commencing August 21, 2016; and (ii) 15,000 shares which were part of an original grant of 15,000 restricted shares, which became transferable in full on August 23, 2020.

F2 · price: Sale prices for the transactions reported here range from $5.52 to $5.60. 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: 0001140361-21-010285 · form4.xml · nonDerivative · entry 2

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,425,670

F3 · price: Purchase prices for the transactions reported here range from $5.39 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"), 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: 0001140361-21-010283 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,425,670

F3 · price: Purchase prices for the transactions reported here range from $5.39 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"), 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: 0001140361-21-010281 · form4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,425,670

F3 · price: Purchase prices for the transactions reported here range from $5.39 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-21-010285 · form4.xml · nonDerivative · entry 1

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,390,245

F1 · price: Purchase prices for the transactions reported here range from $5.45 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"), 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: 0001140361-21-010283 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,390,245

F1 · price: Purchase prices for the transactions reported here range from $5.45 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"), 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: 0001140361-21-010281 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,390,245

F1 · price: Purchase prices for the transactions reported here range from $5.45 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-21-005175 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,265,154

F1 · price: Purchase prices for the transactions reported here range from $4.96 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-21-005177 · form4.xml · nonDerivative · entry 1

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,265,154

F1 · price: Purchase prices for the transactions reported here range from $4.96 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 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: 0001140361-21-005173 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,265,154

F1 · price: Purchase prices for the transactions reported here range from $4.96 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: 0001062993-21-001294 · form4.xml · nonDerivative · entry 1

Mabuza Jabulane Albert · CIK 0001812132 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 79,303

SEC source: 0001140361-20-029175 · form4.xml · nonDerivative · entry 1

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,234,863

F1 · price: Purchase prices for the transactions reported here range from $3.83 to $4.00. 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 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: 0001140361-20-029172 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,234,863

F1 · price: Purchase prices for the transactions reported here range from $3.83 to $4.00. 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: 0001140361-20-029170 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 12,234,863

F1 · price: Purchase prices for the transactions reported here range from $3.83 to $4.00. 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-028870 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,955,135

F3 · price: Purchase prices for the transactions reported here range from $3.53 to $3.60. Full information regarding the number of Shares 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: 0001140361-20-028869 · form4.xml · nonDerivative · entry 2

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,955,135

F3 · price: Purchase prices for the transactions reported here range from $3.53 to $3.60. Full information regarding the number of Shares 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: 0001140361-20-028868 · form4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,955,135

F3 · price: Purchase prices for the transactions reported here range from $3.53 to $3.60. Full information regarding the number of Shares 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-028647 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,263,047

F3 · price: The purchase price for the transaction reported herein was $3.50. Full information regarding the number of Shares 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: 0001140361-20-028645 · form4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,263,047

F3 · price: The purchase price for the transaction reported herein was $3.50. Full information regarding the number of Shares 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-028643 · form4.xml · nonDerivative · entry 2

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,263,047

F3 · price: The purchase price for the transaction reported herein was $3.50. Full information regarding the number of Shares 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: 0001140361-20-028647 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,230,403

F1 · price: Purchase prices for the transactions reported here range from $3.43 to $3.50. 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"), 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: 0001140361-20-028645 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,230,403

F1 · price: Purchase prices for the transactions reported here range from $3.43 to $3.50. 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-028643 · form4.xml · nonDerivative · entry 1

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,230,403

F1 · price: Purchase prices for the transactions reported here range from $3.43 to $3.50. 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"), 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: 0001140361-20-028870 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,410,050

F1 · price: The purchase price for the transaction reported herein was R52.00, or $3.57 based on a conversion rate of 0.06868USD, 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 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: 0001140361-20-028869 · form4.xml · nonDerivative · entry 1

Nkosi Monde · CIK 0001834957 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,410,050

F1 · price: The purchase price for the transaction reported herein was R52.00, or $3.57 based on a conversion rate of 0.06868USD, 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 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: 0001140361-20-028868 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,410,050

F1 · price: The purchase price for the transaction reported herein was R52.00, or $3.57 based on a conversion rate of 0.06868 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 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-026745 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,154,943

F1 · price: The purchase price for the transaction reported herein was R52.00, or $3.39 based on a conversion rate of 0.0651USD, 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 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: 0001140361-20-026743 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,154,943

F1 · price: The purchase price for the transaction reported herein was R52.00, or $3.39 based on a conversion rate of 0.0651USD, 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 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-026448 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,066,032

F1 · price: Purchase prices for the transactions reported here amounted to $3.40. 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: 0001140361-20-026447 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,066,032

F1 · price: Purchase prices for the transactions reported here amounted to $3.40. 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-026271 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,059,032

F3 · price: Purchase prices for the transactions reported here range from $3.38 to $3.40. Full information regarding the number of Shares 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: 0001140361-20-026270 · form4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 11,059,032

F3 · price: Purchase prices for the transactions reported here range from $3.38 to $3.40. Full information regarding the number of Shares 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-026271 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,992,608

F1 · price: Purchase prices for the transactions reported here range from $3.34 to $3.40. 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: 0001140361-20-026270 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,992,608

F1 · price: Purchase prices for the transactions reported here range from $3.34 to $3.40. 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-025996 · form4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,923,458

F3 · price: Purchase prices for the transactions reported here range from $3.33 to $3.36. Full information regarding the number of Shares 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-025984 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,923,458

F3 · price: Purchase prices for the transactions reported here range from $3.33 to $3.36. Full information regarding the number of Shares 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: 0001140361-20-025996 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,886,332

F1 · price: Purchase prices for the transactions reported here range from $3.31 to $3.40. 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-025984 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,886,332

F1 · price: Purchase prices for the transactions reported here range from $3.31 to $3.40. 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: 0001140361-20-025381 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,738,310

F1 · price: Purchase prices for the transactions reported here range from $3.02 to $3.15. 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: 0001140361-20-025380 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 10,738,310

F1 · price: Purchase prices for the transactions reported here range from $3.02 to $3.15. 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-022448 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 10,154,965

F2 · price: Purchase prices for the transactions reported here range from $3.38 to $3.45. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F1 · balance_after: 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 the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is 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 of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-022447 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 10,154,965

F2 · price: Purchase prices for the transactions reported here range from $3.38 to $3.45. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F1 · balance_after: 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 of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") 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.

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 of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") 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: 0001140361-20-022309 · form4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 10,134,056

F2 · price: Purchase prices for the transactions reported here range from $3.42 to $3.47. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, Net1 or its shareholders upon request.

F3 · balance_after: 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F3 · 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-022305 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 10,134,056

F2 · price: Purchase prices for the transactions reported here range from $3.42 to $3.47. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, Net1 or its shareholders upon request.

F3 · balance_after: 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.

F3 · 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: 0001062993-20-004717 · form4.xml · nonDerivative · entry 1

Kotze Herman · CIK 0001301356 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 189,800

F1 · shares: These shares were subject to market and performance conditions and the Reporting Person forfeited these shares upon resignation on September 30, 2020.

F2 · balance_after: Includes 66,800 shares of time-based restricted stock granted to the Reporting Person in February 2020 that vested on September 30, 2020, pursuant to the Separation and Release of Claims Agreement entered into between the Reporting Person and the Issuer on August 5, 2020.

SEC source: 0001140361-20-022309 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,862,404

F1 · price: Purchase prices for the transactions reported here range from $3.30 to $3.40. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, Net1 or its shareholders upon request.

F3 · balance_after: 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F3 · 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

SEC source: 0001140361-20-022305 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,862,404

F1 · price: Purchase prices for the transactions reported here range from $3.30 to $3.40. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, Net1 or its shareholders upon request.

F3 · balance_after: 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.

F3 · 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: 0001140361-20-021993 · form4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,784,032

F4 · shares: The purchase by VCP of the Shares reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 95,424 Shares, with VCP's sale of 95,424 Shares at a price of $3.5 per Share on April 23, 2020. VCP has agreed to pay to Net 1, upon settlement of the sale, $12,436.48, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

F5 · price: Purchase prices for the transactions reported here range from $3.35 to $3.41. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net 1 or its shareholders upon request.

F3 · balance_after: 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F3 · ownership.nature: 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. VCP disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that VCP is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.