Net 1 UEPS Technologies Inc. to Host Conference Call to Review Third Quarter 2010 Results

JOHANNESBURG, SOUTH AFRICA, Apr 22 (MARKET WIRE) --
Net 1 UEPS Technologies Inc. (NASDAQ: UEPS)(JSE: NT1) ("Net1"
or the "Company") today announced it will release its third
quarter 2010 results after the market closes in the United States on May
6, 2010. Net1 management will host a conference call to review these
results on May 7, 2010 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 May 30, 2010.

About Net1 (www.net1.com)

Net1 provides its universal electronic payment system, or UEPS, as an
alternative payment system for the unbanked and under-banked populations
of developing economies. Net1's market-leading system enables the
estimated four billion people who generally have limited or no access to
a bank account, to enter affordably into electronic transactions with
each other, government agencies, employers, merchants and other financial
service providers. Net1's universal electronic payment system, or UEPS,
uses smart cards that operate in real-time but offline, unlike
traditional payment systems offered by major banking institutions that
require immediate access through a communications network to a
centralized computer. This offline capability means that users of the
Net1 system can enter into transactions at any time with other card
holders even in the most remote areas so long as a portable offline smart
card reader is available. In addition to payments and purchases, UEPS can
be used for banking, healthcare management, international money
transfers, voting and identification.

Net1 also focuses on the development and provision of secure transaction
technology, solutions and services and offers transaction processing,
financial and clinical risk management solutions to both funders and
providers of healthcare. Its core competencies around secure online
transaction processing, cryptography and integrated circuit card
(chip/smartcard) technologies are principally applied to electronic
commerce transactions in the telecommunications, banking, retail,
petroleum and utilities market sectors.

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

Contacts:
Net 1 UEPS Technologies Inc. - Investor Relations Contact
Dhruv Chopra
Vice President of Investor Relations
+1-212-626-6675
dchopra@net1.com
www.net1.com

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