LESAKA TECHNOLOGIES INC — Director's Dealing 2008

Sep 3, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2008-08-28

Reporting Person: Schweger Richard (CFO BGS Smart Card Systems AG)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20067	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$24.46	2018-08-27	Common Stock (40000)		Direct

Footnotes

F1: The options are exercisable in five equal installments commencing on May 8, 2009. The option grant was approved by the remuneration committee of Net 1 UEPS Technologies, Inc.'s board of directors on August 27, 2008 and was granted under the terms of the Amended and Restated 2004 Stock Incentive Plan.