LSAK

SEC source: 0001140361-20-021992 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

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.

F4 · balance_after: 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.

F4 · ownership.nature: 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.

SEC source: 0001140361-20-021993 · 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: 9,597,595

F1 · shares: The purchase by Value Capital Partners (Pty) Ltd ("VCP") of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 44,595 Shares, with VCP's sale of 44,595 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, $13,556.88, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

F2 · price: Purchase prices for the transactions reported here range from $3.16 to $3.20. 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.

SEC source: 0001140361-20-021992 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,597,595

F1 · shares: The purchase by Value Capital Partners (Pty) Ltd ("VCP") of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 44,595 Shares, with VCP's sale of 44,595 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, $13,556.88, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

F2 · price: Purchase prices for the transactions reported here range from $3.16 to $3.20. 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, 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: 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: 0001140361-20-021764 · 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: 9,553,000

F3 · 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 139,317 Shares, with VCP's sale of 139,317 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, $44,038.10, 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 $3.13 to $3.20. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, Net1 or its shareholders upon request.

F4 · 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.

F4 · 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.

SEC source: 0001140361-20-021763 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,553,000

F3 · 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 139,317 Shares, with VCP's sale of 139,317 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, $44,038.10, 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 $3.13 to $3.20. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net1 or its shareholders upon request.

F4 · balance_after: 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.

F4 · ownership.nature: 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: 0001140361-20-021764 · 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: 9,413,683

F1 · shares: The purchase by Value Capital Partners (Pty) Ltd ("VCP") of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 97,342 Shares, with VCP's sale of 97,342 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, $35,724.51, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

F2 · price: Purchase prices for the transactions reported here range from $3.06 to $3.16. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net1 or its shareholders upon request.

F4 · 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.

F4 · 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.

SEC source: 0001140361-20-021763 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,413,683

F1 · shares: The purchase by Value Capital Partners (Pty) Ltd ("VCP") of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 97,342 Shares, with VCP's sale of 97,342 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, $35,724.51, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

F2 · price: Purchase prices for the transactions reported here range from $3.06 to $3.16. Full information regarding the number of Shares purchased at each separate price will be provided to the SEC, Net1 or its shareholders upon request.

F4 · balance_after: 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.

F4 · ownership.nature: 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: 0001140361-20-021477 · form4.xml · nonDerivative · entry 2

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,316,341

F2 · 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 28,550 Shares, with VCP's sale of 28,550 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, $10,477.85, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

F3 · balance_after: 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: 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: 0001140361-20-021475 · 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: 9,316,341

F2 · kind: 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 28,550 Shares, with VCP's sale of 28,550 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, $10,477.85, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

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.

SEC source: 0001140361-20-021477 · form4.xml · nonDerivative · entry 1

Ball Antony C · CIK 0001293885 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,287,791

F1 · shares: The purchase by Value Capital Partners (Pty) Ltd ("VCP") of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 20,894 Shares, with VCP's sale of 20,894 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, $7,747.50, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

F3 · balance_after: 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: 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: 0001140361-20-021475 · 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: 9,287,791

F1 · kind: The purchase by Value Capital Partners (Pty) Ltd ("VCP") of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("Net 1") reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 20,894 Shares, with VCP's sale of 20,894 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, $7,747.50, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

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.

SEC source: 0001062993-20-004563 · form4.xml · nonDerivative · entry 1

Singh-Bushell Ekta · CIK 0001707731 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,000

SEC source: 0001062993-20-003745 · form4.xml · derivative · entry 1

Mazanderani Ali · CIK 0001812168 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,000

Underlying: Common stock · 150,000 shares

Expires 2023-08-05

F1 · derivative.exercise_date: Subject to the recipient's continuous service through the applicable vesting date, half of the options vest on each of the first and second anniversaries of the grant date, August 5, 2020.

SEC source: 0001140361-20-012079 · 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: 9,266,897

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. 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. 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: 0001193125-26-097172 · ownership.xml · nonDerivative · entry 18

International Finance Corp · CIK 0001384542 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 5,099,627

F1 · price: On May 19, 2020, Africa Capitalization Fund Ltd. ("AFCAP") a Mauritius limited company primarily engaged in the business of investing in securities disposed of 2,103,069 shares of Common Stock for an aggregate sale price of $8,412,276, representing an approximate price of $4.00 per share.

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

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

SEC source: 0001140361-20-009844 · 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: 7,163,828

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. 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. 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: 0001456417-20-000009 · primary_doc.xml · nonDerivative · entry 8

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 0

F4 · ownership.nature: Shares of the Issuer held directly by IVA Overseas Master Fund, L.P. ("IVA Overseas") and together with IVA Global, the "Partnerships". IVA serves as the investment adviser to IVA Overseas and is the managing member of IVA Overseas's general partner.

F5 · ownership.nature: IVA, as the managing member of the Partnerships' general partners may be deemed to have an indirect pecuniary interest in the general partners' proportionate interest in the Shares of the Issuer owned directly by the Partnerships.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000009 · primary_doc.xml · nonDerivative · entry 7

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 94,761

F4 · ownership.nature: Shares of the Issuer held directly by IVA Overseas Master Fund, L.P. ("IVA Overseas") and together with IVA Global, the "Partnerships". IVA serves as the investment adviser to IVA Overseas and is the managing member of IVA Overseas's general partner.

F5 · ownership.nature: IVA, as the managing member of the Partnerships' general partners may be deemed to have an indirect pecuniary interest in the general partners' proportionate interest in the Shares of the Issuer owned directly by the Partnerships.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000009 · primary_doc.xml · nonDerivative · entry 6

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 0

F3 · ownership.nature: Shares of the Issuer held directly by IVA Global Fund (Delaware), L.P. ("IVA Global") and together with IVA Overseas, the "Partnerships". IVA serves as the investment adviser to IVA Global and is the managing member of IVA Global's general partner.

F5 · ownership.nature: IVA, as the managing member of the Partnerships' general partners may be deemed to have an indirect pecuniary interest in the general partners' proportionate interest in the Shares of the Issuer owned directly by the Partnerships.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000009 · primary_doc.xml · nonDerivative · entry 5

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 52,651

F3 · ownership.nature: Shares of the Issuer held directly by IVA Global Fund (Delaware), L.P. ("IVA Global") and together with IVA Overseas, the "Partnerships". IVA serves as the investment adviser to IVA Global and is the managing member of IVA Global's general partner.

F5 · ownership.nature: IVA, as the managing member of the Partnerships' general partners may be deemed to have an indirect pecuniary interest in the general partners' proportionate interest in the Shares of the Issuer owned directly by the Partnerships.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000009 · primary_doc.xml · nonDerivative · entry 4

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 0

F2 · ownership.nature: Shares of the Issuer held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International) and together with IVA Worldwide, the "Mutual Funds". IVA serves as the investment adviser of IVA International.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000009 · primary_doc.xml · nonDerivative · entry 3

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 814,742

F2 · ownership.nature: Shares of the Issuer held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International) and together with IVA Worldwide, the "Mutual Funds". IVA serves as the investment adviser of IVA International.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000009 · primary_doc.xml · nonDerivative · entry 2

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 81,081

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. (the "Issuer") held directly by IVA Worldwide Fund, a series of IVA Fiduciary Trust ("IVA International"). International Value Advisers, LLC ("IVA") serves as the investment adviser to IVA Worldwide.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000009 · primary_doc.xml · nonDerivative · entry 1

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 926,022

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. (the "Issuer") held directly by IVA Worldwide Fund, a series of IVA Fiduciary Trust ("IVA International"). International Value Advisers, LLC ("IVA") serves as the investment adviser to IVA Worldwide.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000008 · primary_doc.xml · nonDerivative · entry 4

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 176,215

F2 · ownership.nature: Shares of the issuer held directly by IVA Overseas Master Fund, L.P. ("IVA Overseas") IVA serves as the investment adviser to IVA Overseas and is the managing member of IVA Overseas's general partner.

F5 · ownership.nature: IVA, as the managing member of the Partnerships' general partners may be deemed to have an indirect pecuniary interest in the general partners' proportionate interest in the Shares of the Issuer owned directly by the Partnerships.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000008 · primary_doc.xml · nonDerivative · entry 3

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 1,556,194

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International"). International Value Advisers, LLC ("IVA") serves as the investment adviser to IVA International.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000008 · primary_doc.xml · nonDerivative · entry 2

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 177,632

F2 · ownership.nature: Shares of the issuer held directly by IVA Overseas Master Fund, L.P. ("IVA Overseas") IVA serves as the investment adviser to IVA Overseas and is the managing member of IVA Overseas's general partner.

F5 · ownership.nature: IVA, as the managing member of the Partnerships' general partners may be deemed to have an indirect pecuniary interest in the general partners' proportionate interest in the Shares of the Issuer owned directly by the Partnerships.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000008 · primary_doc.xml · nonDerivative · entry 1

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 1,573,136

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International"). International Value Advisers, LLC ("IVA") serves as the investment adviser to IVA International.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000007 · primary_doc.xml · nonDerivative · entry 2

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 193,006

F2 · ownership.nature: Shares of the issuer held directly by IVA Overseas Master Fund, L.P. ("IVA Overseas") IVA serves as the investment adviser to IVA Overseas and is the managing member of IVA Overseas's general partner.

F5 · ownership.nature: IVA, as the managing member of the Partnerships' general partners may be deemed to have an indirect pecuniary interest in the general partners' proportionate interest in the Shares of the Issuer owned directly by the Partnerships.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000007 · primary_doc.xml · nonDerivative · entry 1

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 1,757,027

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International"). International Value Advisers, LLC ("IVA") serves as the investment adviser to IVA International.

F6 · ownership.nature: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.

SEC source: 0001456417-20-000006 · primary_doc.xml · nonDerivative · entry 1

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,774,561

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("the Issuer") held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International"). International Value Advisers ("IVA") serves as the investment adviser to IVA International. Charles de Vaulx and Chuck de Lardemelle, as co-Chief Investment Officers and managing members of IVA, may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned directly by IVA International. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by IVA International.

SEC source: 0001456417-20-000005 · primary_doc.xml · nonDerivative · entry 2

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,824,159

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("the Issuer") held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International"). International Value Advisers ("IVA") serves as investment adviser to IVA International. Charles de Vaulx and Chuck de Lardemelle, as co-Chief Investment Officers and managing members of IVA, may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned directly by IVA International. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by IVA International.

SEC source: 0001456417-20-000005 · primary_doc.xml · nonDerivative · entry 1

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 2,160,614

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("the Issuer") held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International"). International Value Advisers ("IVA") serves as investment adviser to IVA International. Charles de Vaulx and Chuck de Lardemelle, as co-Chief Investment Officers and managing members of IVA, may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned directly by IVA International. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by IVA International.

SEC source: 0001456417-20-000004 · primary_doc.xml · nonDerivative · entry 2

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 2,262,904

F2 · ownership.nature: Shares of the Issuer held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International). IVA serves as investment adviser to IVA International.

F4 · ownership.nature: Charles de Vaulx and Chuck de Lardemelle, as co-Chief Investment Officers and managing members of IVA, may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned directly by IVA Overseas and IVA International. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by IVA Overseas and IVA International.

SEC source: 0001456417-20-000004 · primary_doc.xml · nonDerivative · entry 1

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 194,472

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("the Issuer") held directly by IVA Overseas Master Fund, L.P. ("IVA Overseas"). International Value Advisers ("IVA") serves as the investment adviser to IVA Overseas and is the managing member of IVA Overseas's general partner.

F3 · ownership.nature: IVA as the managing member of IVA Overseas's general partner may be deemed to have an indirect pecuniary interest in the general partner's proportionate interest in the Shares of the Issuer.

F4 · ownership.nature: Charles de Vaulx and Chuck de Lardemelle, as co-Chief Investment Officers and managing members of IVA, may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned directly by IVA Overseas and IVA International. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by IVA Overseas and IVA International.

SEC source: 0001456417-20-000003 · primary_doc.xml · nonDerivative · entry 2

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 241,644

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("the Issuer") held directly by IVA Overseas Master Fund, L.P. ("IVA Overseas"). International Value Advisers ("IVA") as the managing member of IVA Overseas's general partner may be deemed to have an indirect pecuniary interest in the general partner's proportionate interest in the Shares of the Issuer. Charles de Vaulx and Chuck de Lardemelle, as co-Chief Investment Officers and managing members of IVA, may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned directly by IVA Overseas. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by IVA Overseas.

SEC source: 0001456417-20-000003 · primary_doc.xml · nonDerivative · entry 1

International Value Advisers, LLC · CIK 0001456417 · 10% owner

DE VAULX CHARLES · CIK 0001677704 · 10% owner

DE LARDEMELLE CHARLES · CIK 0001677702 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 245,568

F1 · ownership.nature: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. ("the Issuer") held directly by IVA Overseas Master Fund, L.P. ("IVA Overseas"). International Value Advisers ("IVA") as the managing member of IVA Overseas's general partner may be deemed to have an indirect pecuniary interest in the general partner's proportionate interest in the Shares of the Issuer. Charles de Vaulx and Chuck de Lardemelle, as co-Chief Investment Officers and managing members of IVA, may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned directly by IVA Overseas. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by IVA Overseas.

SEC source: 0001062993-20-001308 · form4.xml · nonDerivative · entry 1

Oh Phil-Hyun · CIK 0001534422 · President of KSNET

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,500

F1 · shares: Net 1 UEPS Technologies Inc. (the "Company"), through its wholly owned Dutch subsidiary, Net1 Applied Technologies Netherlands B.V. sold its entire equity shareholding in Net1 Applied Technologies Korea Limited in March 2020. The Reporting Person is filing this exit Form 4 to reflect that (a) he is no longer a Section 16 reporting person as a result of the disposition and (b) half of the 15,000 shares of restricted stock, or 7,500 shares, that were held by the Reporting Person and subject to time-based vesting were forfeited at the time of the disposition. The Company agreed to accelerate the vesting of the other 7,500 restricted shares held by the Reporting Person, which otherwise would only have vested if the recipient was employed by the Company on August 23, 2020.

F1 · balance_after: Net 1 UEPS Technologies Inc. (the "Company"), through its wholly owned Dutch subsidiary, Net1 Applied Technologies Netherlands B.V. sold its entire equity shareholding in Net1 Applied Technologies Korea Limited in March 2020. The Reporting Person is filing this exit Form 4 to reflect that (a) he is no longer a Section 16 reporting person as a result of the disposition and (b) half of the 15,000 shares of restricted stock, or 7,500 shares, that were held by the Reporting Person and subject to time-based vesting were forfeited at the time of the disposition. The Company agreed to accelerate the vesting of the other 7,500 restricted shares held by the Reporting Person, which otherwise would only have vested if the recipient was employed by the Company on August 23, 2020.

SEC source: 0001062993-20-001161 · form4.xml · nonDerivative · entry 2

Pillay Nunthakumarin · CIK 0001666525 · Managing Director: SA

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 211,667

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 2015 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) achievement of an agreed return on average net equity per year during a measurement period commencing from July 1, 2021, through June 30, 2023 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: 0001062993-20-001161 · form4.xml · nonDerivative · entry 1

Pillay Nunthakumarin · CIK 0001666525 · Managing Director: SA

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 104,467

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 conditional upon the recipients continued employment with the Company through June 30, 2023.

SEC source: 0001062993-20-001159 · form4.xml · nonDerivative · entry 2

Kotze Herman · CIK 0001301356 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 815,000

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 2015 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) achievement of an agreed return on average net equity per year during a measurement period commencing from July 1, 2021, through June 30, 2023 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: 0001062993-20-001159 · form4.xml · nonDerivative · entry 1

Kotze Herman · CIK 0001301356 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 547,800

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 conditional upon the recipients continued employment with the Company through June 30, 2023.

SEC source: 0001062993-20-001158 · form4.xml · nonDerivative · entry 2

Smith Alexander Michael Ramsay · CIK 0001731677 · Director · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 152,817

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 2015 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) achievement of an agreed return on average net equity per year during a measurement period commencing from July 1, 2021, through June 30, 2023 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: 0001062993-20-001158 · form4.xml · nonDerivative · entry 1

Smith Alexander Michael Ramsay · CIK 0001731677 · Director · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 72,817

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 conditional upon the recipients continued employment with the Company through June 30, 2023.

SEC source: 0001062993-19-002789 · form4.xml · nonDerivative · entry 3

Soma Nitin · CIK 0001302353 · VP - Information Technology

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F3 · shares: Represents forfeiture of restricted stock in connection with Mr. Soma's resignation, as vesting was subject to: (a) Mr. Soma's employment by the Company on a full-time basis when the condition in (b) is met; and (b) the trading price the Company's shares equal or exceed certain agreed certain stock price levels during a measurement period commencing on the date that the Company files its Annual Report on Form 10-K for the fiscal year ended 2021 and ending on December 31, 2021.

SEC source: 0001062993-19-002789 · form4.xml · nonDerivative · entry 2

Soma Nitin · CIK 0001302353 · VP - Information Technology

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,000

F2 · shares: Represents forfeiture of restricted stock in connection with Mr. Soma's resignation, as vesting was subject to: (a) Mr. Soma's employment by the Company on a full-time basis when the condition in (b) is met; and (b) the price of the Company's shares equal or exceed certain stock price levels during a specific measurement period.

SEC source: 0001062993-19-002789 · form4.xml · nonDerivative · entry 1

Soma Nitin · CIK 0001302353 · VP - Information Technology

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,000

F1 · shares: Represents forfeiture of restricted stock in connection with Mr. Soma's resignation, as vesting was subject to Mr. Soma's on-going services to the Company through August 23, 2020.

SEC source: 0001062993-18-004958 · form4.xml · nonDerivative · entry 1

Singh-Bushell Ekta · CIK 0001707731 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,000

SEC source: 0001062993-18-004681 · form4.xml · nonDerivative · entry 1

Edwards Paul · CIK 0001333068 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,822

F1 · price: Purchase prices for the transactions reported here range from $4.45 to $4.63. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

SEC source: 0001062993-18-004680 · form4.xml · nonDerivative · entry 1

Pein Alasdair Jonathan Kemsley · CIK 0001311772 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By trust

Disclosed balance after: 57,379

F1 · price: Purchase prices for the transactions reported here range from $4.49 to $4.63. 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.