LESAKA TECHNOLOGIES INC — Director's Dealing 2009

May 22, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2009-05-20

Reporting Person: Belamant Serge (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-05-20	Employee Stock Option (right to buy)	$13.16	A	130000	Acquired	2019-05-20	Common Stock (130000)	Direct

Footnotes

F1: The option grant was approved by the remuneration committee of Net 1 UEPS Technologies, Inc.'s board of directors on May 20, 2009 and was granted under the terms of the amended and restated 2004 stock incentive plan.

F2: The options are exercisable in five equal installments commencing on May 8, 2010.