Net 1 UEPS Technologies, Inc. to Host Conference Call to Review Second

Quarter 2012 Results

Johannesburg, January 18, 2012 - Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) ("Net1") today announced it will release second quarter 2012 results after the market close on February 9, 2012. Net1 management will host a conference call to review these results on February 10, 2012, 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 March 2, 2012.

About Net1 (www.net1.com)

We are a leading provider of alternative payment systems that leverage our 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.
We operate market-leading payment processors in South Africa, Republic of Korea, Ghana and Iraq. In addition, our proprietary Mobile Virtual Card technology offers secure mobile payments and banking services in developed and emerging countries.
We have a primary listing on the Nasdaq and a secondary listing on the JSE Limited.

Investor Relations Contact:

Dhruv Chopra

Vice President of Investor Relations

Phone: +1-212-626-6675

Email: dchopra@net1.com

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