LESAKA TECHNOLOGIES INC — Director's Dealing 2020

Feb 7, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2020-01-30

Reporting Person: International Value Advisers, LLC (10% Owner)
Reporting Person: DE VAULX CHARLES (10% Owner)
Reporting Person: DE LARDEMELLE CHARLES (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2644224	Indirect
Common Stock	2281099	Indirect
Common Stock	102872	Indirect
Common Stock	255757	Indirect

Footnotes

F1: Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. held directly by IVA Worldwide Fund, a series of IVA Fiduciary Trust ("IVA Worldwide"). International Value Advisers, LLC ("IVA") serves as the investment adviser of IVA Worldwide.

F2: Shares of the Issuer held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International) and together with IVA Worldwide, the "Mutual Funds". IVA serves as the investment adviser of IVA International.

F3: Shares of the Issuer held directly by IVA Global Fund (Delaware), L.P. ("IVA Global"). IVA serves as the investment adviser to IVA Global and is the managing member of IVA Global's general partner.

F4: Shares of the issuer held directly by IVA Overseas Master Fund, L.P. ("IVA Overseas") and together with IVA Global, the "Partnerships". IVA serves as the investment adviser to IVA Overseas and is the managing member of IVA Overseas's general partner.

F5: IVA, as the managing member of the Partnerships' general partners may be deemed to have an indirect pecuniary interest in the general partners' proportionate interest in the Shares of the Issuer owned directly by the Partnerships.

F6: Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein.