LESAKA TECHNOLOGIES INC — Director's Dealing 2021

Dec 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2021-12-03

Reporting Person: Mali Lincoln Camagu (CEO: South Africa)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-03	Common Stock	P	6010	$4.97	Acquired	156784	Direct
2021-12-03	Common Stock	A	6928	$0.00	Acquired	163712	Direct
2021-12-03	Common Stock	A	918	$0.00	Acquired	164630	Direct
2021-12-06	Common Stock	P	36133	$5.19	Acquired	200763	Direct
2021-12-06	Common Stock	A	43383	$0.00	Acquired	244146	Direct
2021-12-06	Common Stock	A	7250	$0.00	Acquired	251396	Direct

Footnotes

F1: The underlying transactions are denominated in South African rand ("ZAR") and were executed on the JSE Limited. The amount reported in United States dollars is based on the exchange rate in effect on the date of the transactions. Purchase prices for the transactions reported here range from ZAR 78.0 to ZAR 80.0 and ZAR 75.51 and ZAR 83.50 on December 3, 2021 and December 6, 2021, respectively. 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.

F2: Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Mali's February 5, 2021, employment agreement and pursuant to the Amended and Restated 2015 Stock Incentive Plan. The Issuer has agreed to match the reporting person's purchase of shares of its common stock up to an amount of ZAR 6.25 million ("Matching Arrangement"). Under the terms of the Matching Arrangement, the Issuer granted these shares of restricted stock to the reporting person following this purchase, and the awards vest ratably over a period of three years commencing on the first anniversary of the grant of the award and are also subject to the reporting person's employment with the Issuer on a full-time basis on the applicable vesting date. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.

F3: Pursuant to the terms of the Matching Arrangement, the reporting person elected to receive these shares of the Issuer's shares of common stock following his purchase. The shares vested on the date of grant.