LESAKA TECHNOLOGIES INC — Director's Dealing 2008

Aug 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2008-08-27

Reporting Person: Kotze Herman (Director, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-27	Common Stock	M	16670	$3	Acquired	223335	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-27	Employee Stock Option (right to buy)	$3	M	16670	Disposed	2014-06-07	Common Stock (16670)	Direct
2008-08-27	Employee Stock Option (right to buy)	$24.46	A	100000	Acquired	2018-08-27	Common Stock (100000)	Direct

Footnotes

F1: The options are part of an original grant of 83,334 options, which becomes exercisable in five equal annual installments commencing June 7, 2004. The shares become transferable eleven months after they become exercisable.

F2: 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 2004 stock incentive plan.

F3: The options are exercisable in five equal installments commencing on May 8, 2009.