Net1 Acquires Controlling Stake in Masterpayment and Signs Strategic Co-Operation Agreement With Bank Frick - Seite 2

"We are delighted to become a part of the Net1 family," said Stefan Tittel, CEO and co-founder of Masterpayment. "We are eager to combine our unique business model with Net1's broader technology offering and to become an integral part of Net1's business development strategy in Europe" he concluded. Edi Woegerer, CEO of Bank Frick added, "The collaboration with Net1 is an important part of our international payment strategy. Net1 has proved it can successfully roll out its superior payment solutions globally. As Net1's strategic banking partner, we are very excited to develop our services together in the European markets."

About Net1 (www.net1.com)

Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS") or utilize its proprietary mobile technologies. The Company operates market-leading payment processors in South Africa and the Republic of Korea. Through Transact24, Net1 offers debit, credit and prepaid processing and issuing services for Visa, MasterCard and ChinaUnionPay in China and other territories across Asia-Pacific, Europe and Africa, and the United States.

UEPS permits the Company 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. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly enable access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification.

Net1's mobile technologies include its proprietary mobile payments solution - MVC, which offers secure mobile-based payments, as well as mobile banking and prepaid value-added services in developed and emerging countries. The Company intends to deploy its varied mobile solutions through its ZAZOO business unit, which is an aggregation of innovative technology companies and is based in the United Kingdom.

Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange.

About Masterpayment (www.masterpayment.com)

Masterpayment was founded in Germany in 2010 and has subsidiaries in Germany, the UK and Liechtenstein. Masterpayment combines the technical abilities of a payment service provider with the commercial leeway of a credit card acquirer and the financing possibilities of a regulated fully licensed bank through its banking partner, Bank Frick.