X0202 4 2007-08-07 0 0001041514 NET 1 UEPS TECHNOLOGIES INC UEPS 0001301354 Belamant Serge PRESIDENT PLACE, 4TH FLOOR CNR JAN SMUTS AVENUE AND BOLTON ROAD ROSEBANK, JOHANNESBURG T3 RSA SOUTH AFRICA 1 1 0 0 Chief Executive Officer Common Stock 2007-08-07 4 A 0 40000 0 A 1340822 D Common Stock 800799 I By CI Law Trustees Limited for the San Roque Trust Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2004 Stock Incentive Plan. Subject to the satisfaction of certain vesting conditions related to the Issuer's financial performance and the recipient's continuous employment or service with the Issuer or its affiliates, one-third of the shares will vest on each of September 1, 2009, 2010 and 2011. 1,150,823 shares of Special Convertible Preferred Stock are held by The Aplitec Holdings Participation Trust for the benefit of Dr. Belamant and are convertible, on a one-for-one basis, into shares of common stock at the discretion of Dr. Belamant. Dr. Belamant owns 189,999 shares of common stock directly. 800,799 shares of common stock are held by the CI Law Trustees Limited for the San Roque Trust dated 8/18/92. Dr. Belamant, as proxy of CI Law Trustees, has the power to vote all of the CI Law Trustees' shares. /s/ Serge Belamant 2007-08-14