LESAKA TECHNOLOGIES INC — Director's Dealing 2009

May 21, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2009-05-19

Reporting Person: Seabrooke Christopher Stefan (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-19	Common Stock	M	8335	$3.00	Acquired	12310	Direct
2009-05-19	Common Stock	S	8335	$13.44	Disposed	3975	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-05-19	Employee Stock Option (right to buy)	$3.00	M	8335	Disposed	2014-06-07	Common Stock (8335)	Direct

Footnotes

F1: Sale prices for the transactions reported here range from $13.16 to $13.60. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

F2: The options are part of an original grant of 41,667 options, which becomes exercisable in five equal annual installments commencing June 7, 2004. The shares become transferable eleven months after they become exercisable.