NET 1 UEPS TECHNOLOGIES INC. – Notice of special meeting of shareholders on May 6, 2022

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: UEPSJSE share code: NT1LEI: 529900J4IZMWV4RDEB07ISIN: 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 Avenueand Bolton Road, Rosebank, Johannesburg, South Africa, to approve the Articles of Amendment to itsAmended 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 fordetermining 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 isas follows:

Action Nasdaq JSERecord date to determine March 30, 2022 March 30, 2022shareholders entitled to noticeof and to vote at the meeting (*)Preliminary proxy materials March 31, 2022 March 31, 2022filed with United StatesSecurities and ExchangeCommission (‘SEC’)Final proxy materials filed with April 13, 2022 April 13, 2022the SECMaterials mailed to April 13, 2022 April 13, 2022shareholders of recordLast date for South African N/A May 3, 2022Shareholders to submit proxyform to transfer agent by 16H00Special meeting May 6, 2022 May 6, 2022Finalization date N/A May 11, 2022Last day to trade(1) May 19, 2022 May 17, 2022List and trade shares in the new N/A May 18, 2022name(2)(3)Record date N/A May 20, 2022Issue of dematerialized N/A May 23, 2022securities 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 cannotbe dematerialized and rematerialized subsequent to the name change, all future positions willbe 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 Registerbetween 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 paymenttechnology to deliver on its mission of financial inclusion through the distribution of low-cost financialand value-added services to underserved consumers and small businesses in Southern Africa, whichrepresents a significant segment of these economies. The Company also provides transactionprocessing 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 theJohannesburg Stock Exchange (JSE: NT1). Visit www.net1.com for additional information about Net1.

Investor Relations Contact:Partner – ICREmail: net1IR@icrinc.com

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

JohannesburgApril 1, 2022

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

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