LESAKA TECHNOLOGIES INC — Director's Dealing 2012

Sep 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2012-09-27

Reporting Person: Seabrooke Christopher Stefan (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-27	Undertaking to purchase common stock	$9.96	P	100000	Acquired	2012-11-30	Common stock (100000)	Indirect

Footnotes

F1: The purchaser described below in note (3) has entered into an agreement under which it has irrevocably undertaken to acquire the common stock for ZAR 82.00 through the JSE Limited once the shares of common stock have been moved by the seller to the JSE Limited register. The Issuer has a primary listing on the Nasdaq Stock Market and a secondary listing on the JSE Limited. The seller has irrevocably undertaken to transfer the shares of common stock to the JSE Limited register on or before November 30, 2012.

F2: The agreed purchase price is denominated in South African rand ("ZAR"). The amount reported in United States dollars is based on the exchange rate in effect on the date of this filing.

F3: A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary beneficiary, is a shareholder of the company whose wholly owned subsidiary will acquire the common stock. The trust beneficially owns 33% of the company that will hold 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 that will hold the common stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.