X0306 4 2020-02-21 0001041514 NET 1 UEPS TECHNOLOGIES INC UEPS 0001731677 Smith Alexander Michael Ramsay PRESIDENT PLACE, 4TH FLOOR CNR JAN SMUTS AVENUE AND BOLTON ROAD ROSEBANK, JOHANNESBURG T3 SOUTH AFRICA 1 1 0 0 Chief Financial Officer Common Stock 2020-02-21 4 A 0 20000 0.00 A 72817 D Common Stock 2020-02-21 4 A 0 80000 0.00 A 152817 D Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2015 Stock Incentive Plan. Vesting is conditional upon the recipients continued employment with the Company through June 30, 2023. Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2015 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) achievement of an agreed return on average net equity per year during a measurement period commencing from July 1, 2021, through June 30, 2023 and (2) the recipient is employed by the Company on a full-time basis when the condition in (1) is met. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited. /s/ Alex M.R. Smith 2020-02-25