LESAKA TECHNOLOGIES INC — Director's Dealing 2023

May 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LESAKA TECHNOLOGIES INC (LSAK)
CIK: 0001041514
Period of Report: 2023-05-16

Reporting Person: Value Capital Partners (Pty) Ltd (N/A)
Reporting Person: Nkosi Monde (N/A)
Reporting Person: Ball Antony C (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-16	Common stock	P	52784	$3.73	Acquired	15604703	Indirect
2023-05-17	Common stock	P	18400	$3.66	Acquired	15623103	Indirect

Footnotes

F1: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.65 and $3.82. Full information regarding the number of shares of the common stock (the "Shares") of Lesaka Technologies Inc. ("Lesaka") purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.

F2: Value Capital Partners (Pty) Ltd ("VCP") is investment manager to the Value Capital Partners H4 QI Hedge Fund, a South African collective investment scheme trust ("VCP QIHF"), and certain segregated accounts (together with VCP QIHF, the "VCP Managed Funds"). The VCP Managed Funds have appointed VCP as investment manager, providing VCP with voting and dispositive power over the Shares directly held by any of the VCP Managed Funds and therefore VCP may be deemed to be the beneficial owner of the Shares. Monde Nkosi and Antony C. Ball are minority shareholders and chairmen of VCP. Each of VCP and Messrs. Nkosi and Ball disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that VCP or Messrs. Nkosi and Ball are the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F3: The price reported represents the volume-weighted average price of the transactions reported here. Purchase prices for the transaction reported range between $3.31 and $3.85. Full information regarding the number of Shares of Lesaka purchased at each separate price will be provided to the SEC, Lesaka or its shareholders upon request.