LESAKA TECHNOLOGIES INC — Director's Dealing 2009

May 28, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2009-05-27

Reporting Person: Pein Alasdair Jonathan Kemsley (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-27	Common Stock	J	25001	—	Disposed	0	Direct
2009-05-27	Common Stock	J	155124	—	Acquired	155124	Indirect

Footnotes

F1: A trust, settled by the reporting person and of which the reporting person is a beneficiary, is a partner of a partnership established by Brenthurst Private Equity II Limited ("Brenthurst"). In connection with the trust's withdrawal from Brenthurst, the reporting person transferred 25,001 shares of common stock to Brenthurst (which represented the shares previously acquired upon exercise of certain options which the reporting person held for the benefit of Brenthurst pursuant to certain arrangements). At the same time, Brenthurst has distributed to the trust 119,991 shares of common stock, being the trust's pro rata interest in all of such shares held by Brenthurst, and a partnership associated with Brenthurst has distributed a further 35,133 shares to the trust (a total of 155,124 shares in all), being the trust's pro rata interest in all of such shares held by that associated partnership.