Net1 Concludes Black Economic Empowerment ("BEE") Deal

January 26, 2012

JOHANNESBURG, SOUTH AFRICA, Jan 26, 2012 (MARKETWIRE via COMTEX) -- Net 1 UEPS Technologies Inc. ("Net1" or the "Company") UEPS +2.43% (jse:NT1) today announced that it has concluded a Broad Based Black Economic Empowerment transaction, to strengthen the development of its business plan, and in compliance with South African regulation and business practice.

The Company's actions in support of achieving a stronger Black Economic Empowerment standing are consistent with similar initiatives pursued by other leading South African companies across multiple industries.

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