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Mon 14 Sep 2009, 17:32 NT1 - Net1 - Notification Of Director`s Dealings In Net1 Securities
NT1
NT1                                                                             
NT1 - Net1 - Notification Of Director`s Dealings In Net1 Securities             
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                                                             
ISIN: US64107N2062                                                              
("Net1" or "the company")                                                       
Notification of director`s dealings in Net1 securities                          
In compliance with rule 3.63 to 3.65 of the JSE Limited Listings Requirements,  
the following dealings in the securities of Net1 have taken place by a director 
of the company:                                                                 
Director:                          Serge Belamant                               
Number of securities:              196,669                                      
Class of security:                 Common stock                                 
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Sale of options previously exercised and     
                                  restricted stock                              
Option strike date:                Options - 7 June 2004 and restricted         
stock September 1, 2009                       
Date of transactions:              10 September 2009                            
i)    Nature of transaction:       Restricted stock vested                      
     No:                          13,334                                        
Exercise period:             September 1, 2009, subject to continuous      
                                  employment with Net1 and achievement of       
                                  25% fundamental earnings per share target     
                                  set                                           
Price:                       None                                          
ii)   Nature of transaction:       Sale of a total of 50,002 stock options      
                                  exercised in June 2006, August 2007 and       
                                  August 2008, 133,333 other stock based        
awards which vested on June 7, 2004, but      
                                  transferable from June 8, 2007 and June       
                                  8, 2008, respectively and 13,334              
                                  restricted stock which vested on              
September 1, 2009                             
     No:                          196,669                                       
     Price:                       USD 20.00                                     
     Total transaction value:     USD 3,933,380.00                              
14 September 2009                                                               
Johannesburg                                                                    
Sponsor to Net1:                                                                
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 14/09/2009 17:32:01 Produced by the JSE SENS Department.                  
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