Net 1 UEPS Technologies Inc (JSE:NT1) News - Notice of special meeting of shareholders on May 6, 2022

Net 1 UEPS Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: UEPS
JSE share code: NT1
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
("Net1," or the "Company")

NOTICE OF SPECIAL MEETING OF SHAREHOLDERS ON MAY 6, 2022

Notice is hereby given that the Company intends to hold a special meeting of shareholders at 16H00,
local time, 09H00 Eastern Time, on May 6, 2022, at President Place, 6th Floor, Cnr. Jan Smuts Avenue
and Bolton Road, Rosebank, Johannesburg, South Africa, to approve the Articles of Amendment to its
Amended and Restated Articles of Incorporation, as amended, to change the Company’s name to
"Lesaka Technologies, Inc."

A copy of the preliminary notice is available on the Company’s website at https://ir.net1.com/static-
files/e8347ecf-ca05-42af-8480-98b71cf3eeca. A final notice will be available on April 13, 2022.

Net1’s Board of Directors has fixed the close of business on March 30, 2022, as the record date for
determining shareholders entitled to notice of and to vote at the meeting.

The mandated corporate action timeline required by the Nasdaq Global Select Market ("NasdaqGS")
and the Johannesburg Stock Exchange ("JSE") regarding this special meeting and the name change is
as follows:

 Action                                                      Nasdaq                           JSE
 Record date to determine                            March 30, 2022                March 30, 2022
 shareholders entitled to notice
 of and to vote at the meeting (*)
 Preliminary proxy materials                         March 31, 2022                March 31, 2022
 filed with United States
 Securities and Exchange
 Commission ("SEC")
 Final proxy materials filed with                     April 13, 2022               April 13, 2022
 the SEC
 Materials mailed to                                  April 13, 2022               April 13, 2022
 shareholders of record
 Last date for South African                                     N/A                  May 3, 2022
 Shareholders to submit proxy
 form to transfer agent by 16H00
 Special meeting                                         May 6, 2022                  May 6, 2022
 Finalization date                                               N/A                 May 11, 2022
 Last day to trade(1)                                   May 19, 2022                 May 17, 2022
 List and trade shares in the new                                N/A                 May 18, 2022
 name(2)(3)
 Record date                                                     N/A                 May 20, 2022
 Issue of dematerialized                                         N/A                 May 23, 2022
 securities in new name
    
(*) Last day to trade to vote at the meeting.
(1) With respect to shares held by South African Shareholders, existing paper certificates cannot
    be dematerialized and rematerialized subsequent to the name change, all future positions will
    be held in dematerialized form after the last date to trade.
(2) Date on which name will be changed on the JSE to long-name: Lesaka Technologies, Inc.;
    short-name: Lesaka; JSE share code: LSK. The ISIN and sector on the JSE remains the same.
(3) Shares may not be transferred between Net1’s US register and South African Branch Register
    between May 18, 2022 and May 20, 2022, both days inclusive.

About Net1 (www.net1.com)

Net1 is a leading financial technology company that utilizes its proprietary banking and payment
technology to deliver on its mission of financial inclusion through the distribution of low-cost financial
and value-added services to underserved consumers and small businesses in Southern Africa, which
represents a significant segment of these economies. The Company also provides transaction
processing services, including being a payment processor and bill payment platform in South Africa.
Net1 leverages its strategic investments to further expand its product offerings or to enter new markets.

Net1 has a primary listing on NASDAQ (NasdaqGS: UEPS) and a secondary listing on the
Johannesburg Stock Exchange (JSE: NT1). Visit www.net1.com for additional information about Net1.

Investor Relations Contact:
Partner – ICR
Email: net1IR@icrinc.com

Media Relations Contact:
Bridget von Holdt
Co-Market Leader | MD – BCW
Phone: +27-82-610-0650
Email: Bridget.vonholdt@bcw-global.com

Johannesburg
April 1, 2022

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

Date: 01-04-2022 07:05:00
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