LESAKA TECHNOLOGIES INC — Director's Dealing 2012

Apr 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2012-04-19

Reporting Person: Mosehla Brian Kgomotso (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-19	Stock Option (Right to Buy)	$8.96	J	8955000	Acquired	2013-04-19	Common Stock (8955000)	Indirect

Footnotes

F1: The stock option was issued pursuant to a Relationship Agreement, as amended, by and among the Company, Business Venture Investments No 1567 (Proprietary) Limited (RF), a South African company ("BEE SPV"), Mosomo Investment Holdings (Proprietary) Limited, a South African company ("Mosomo") and the reporting person.

F2: The stock option was issued to BEE SPV. The controlling shareholder of BEE SPV is Mosomo. The reporting person is the controlling shareholder of Mosomo through a family trust. The reporting person disclaims beneficial ownership of the shares underlying the stock option except to the extent of his pecuniary interest therein.