LESAKA TECHNOLOGIES INC — Director's Dealing 2010

Nov 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2010-11-22

Reporting Person: Seabrooke Christopher Stefan (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-22	Common Stock	A	19010	$11.65	Acquired	19010	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10105	Direct

Footnotes

F1: Purchase prices for the transactions reported here range from $11.51 to $11.75. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request. The shares have been purchased on Nasdaq on behalf of and against an undertaking by the company referred to in (2) below to acquire them through the JSE Limited once the shares have been moved on to the JSE Limited share register, at a South African rand price equal to the dollar price recorded in this Form 4 (plus related transaction costs).

F2: A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary beneficiary, is shareholder of the company whose wholly owned subsidiary is acquiring the common stock. The trust beneficially owns 33% of the company acquiring the common stock and has the right to vote 67% of the issued shares of the company. The reporting person is one of four trustees of the trust, and all matters voted on require a simple majority. The reporting person is the chief executive of the company acquiring the common stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.