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: Soma Nitin (Senior VP Info Technology)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-27	Employee Stock Option (right to buy)	$24.46	A	60000	Acquired	2018-08-27	Common Stock (60000)	Direct

Footnotes

F1: 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.

F2: The options are exercisable in five equal installments commencing on May 8, 2009.