Net 1 UEPS Technologies, Inc. to Host Conference Call to Review First Quarter 2012 Results

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS)(JSE:NT1) ("Net1") today announced it will release first quarter 2012 results after the market close on October 27, 2011. Net1 management will host a conference call to review these results on October 28, 2011, at 8:00 a.m. Eastern Time.

To participate in the call, dial 1-800-860-2442 (U.S. only), 1-866-605-3852 (Canada only), 0-800-917-7042 (U.K. only) or 0-800-200-648 (South Africa only) ten minutes prior to the start of the call. Callers should request "Net1 call" upon dial-in. The call will also be webcast on the Net1 homepage, www.net1.com. Please click on the webcast link at least ten minutes prior to the call. A webcast of the call will be available for replay on the Net1 website through November 18, 2011.

About Net1 (www.net1.com)

Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System, or UEPS, to facilitate biometrically secure real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification.

Net1 operates market-leading payment processors in South Africa, Republic of Korea, Ghana and Iraq. In addition, Net1's proprietary Mobile Virtual Card technology offers secure mobile payments and banking services in developed and emerging countries.

Net1 has a primary listing on the Nasdaq and a secondary listing on the JSE Limited.

Contacts: Net 1 UEPS Technologies, Inc. Dhruv Chopra Vice President of Investor Relations [e-mail]