Baird Global Consumer, Technology & Services Conference

Investor Presentation Dhruv Chopra

Head of Investor Relations; +1-917-767-6722; dchopra@net1.com

June 8, 2016

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements so long as such information is identified as forward-looking and is accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in the information. The use of words such as “may”, “might”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “project”, “intend”, “future”, “potential” or “continue”, and other similar expressions are intended to identify forward-looking statements. All of these forward-looking statements are based on estimates and assumptions by our management that, although we believe to be reasonable, are inherently uncertain. Forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, industry, strategy or actual results to differ materially from the forward-looking statements. These risks and uncertainties may include those discussed in the Company’s annual report on Form 10-K for the year ended June 30, 2015, on file with the Securities and Exchange Commission, and other factors which may not be known to us. Any forward-looking statement speaks only as of its date. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Corporate Overview

20% constant currency revenue growth in Fiscal 2016,

driven by key new initiatives in South Africa and globally

OUR THREE REPORTING SEGMENTS

South African

Transaction

Processing

International

Transaction

Processing

Financial

Inclusion &

Applied Technologies

YTD16 Rev: $159m (+14%)

2015 Rev: $236m (+12%)

YTD16 Rev: $123m (+27%)

2015 Rev: $165m (+18%)

YTD16 Rev: $187m (+18%)

2015 Rev: $273m (+44%)

Growth represents year-over-year, in ZAR

Recent Developments

• IFC invests $108 million for 18% interest (May ‘16)

• Share buybacks - 5% of outstanding (Nov ’15-Feb ‘16)

• Acquired T24 in Hong Kong - Chinese issuer/processor

• Acquired 60% of MasterPayment in Germany for EU

RECENTLY LAUNCHED INITIATIVES

CORPORATE ACTIVITY SUPPORTING BUSINESS FUNDAMENTALS

1st client launch with WorldRemit

Inbound to SA: $1 Bn market

EASYPAY EVERYWHERE INTERNATIONAL REMITTANCE

1.2 million new a/cs in 10 months

Growing transactions, financial and

value-added services

220,000 users with Oxigen Wallet

Target customer base: 15+ million

MOBILE VIRTUAL CARD

Our Strategy

5

SOUTH AFRICA

• Financial Inclusion

• Financial Services

• Mobile Payments

• Mobile-enabled VAS

INTERNATIONAL

• UEPS/EMV

• Mobile Virtual Card

• IFC / WFP

• MasterCard

KOREA

• Penetrate SME merchants

• Expand product offerings

• Integrate with global and

mobile strategy

MOBILE

• Mobile Payments

• Loyalty

• Remittances

• New Products

• Biometrics

$452

$555

$626

$439

0

100

200

300

400

500

600

700

FY13 FY14 FY15 YTD16

Revenue ($ Millions)

$0.76

$1.77

$2.32

$1.41

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

FY13 FY14 FY15 YTD16

Fundamental EPS

Notes:

1) FY14 figures exclude a one-time payment of $27 MM

received from SASSA;

2) In FY16YTD, FX is a 26% headwind on USD reported

numbers;

3) Excludes $108 MM cash received for 10 MM shares

issued to IFC on May 11, 2016; and

3) Fundamental EPS is a non-GAAP measure and a

reconciliation to GAAP EPS is provided on the next slide

Financial Snapshot

Cash: $123 MM

Debt: $61 MM

EBITDA (TTM):

$154 MM

Reconciliation of GAAP net income and earnings per share, basic, to

fundamental net income and earnings per share, basic

Reconciliation of Non-GAAP Measures

Three months ended March 31, 2016 and 2015

Net income

(USD’000)

EPS,

basic

(USD)

Net income

(ZAR’000)

EPS,

basic

(ZAR)

2016 2015 2016 2015 2016 2015 2016 2015

GAAP ................................................ 18,420 24,358 0.40 0.52 291,377 285,520 6.29 6.13

Gain resulting from acquisition of

T24 ............................................... (1,909) - (30,198) -

Intangible asset amortization, net . 1,743 2,743 27,586 32,164

Stock-based compensation charge 954 731 15,091 8,584

Transaction costs .......................... 545 - 8,621 -

Facility fees for KSNET debt ....... 34 36 538 423

Refund related to litigation

finalized in Korea, net .................. - (1,354) - (15,899)

US government investigations-

related and US lawsuit expenses .. - 5 - 59

Fundamental ...................... 19,787 26,519 0.43 0.57 313,015 310,851 6.75 6.68

Nine months ended March 31, 2016 and 2015

Net income

(USD’000)

EPS,

basic

(USD)

Net income

(ZAR’000)

EPS,

basic

(ZAR)

2016 2015 2016 2015 2016 2015 2016 2015

GAAP ................................................ 58,098 70,821 1.24 1.51 823,150 794,973 17.59 17.00

Intangible asset amortization, net . 6,182 8,525 87,588 95,694

Stock-based compensation charge 2,645 2,682 37,475 30,106

Gain resulting from acquisition of

T24 ............................................... (1,909) - (27,047) -

Transaction costs .......................... 726 - 10,286 -

US government investigations-

related and US lawsuit expenses .. 133 141 1,884 1,583

Facility fees for KSNET debt ....... 103 170 1,459 1,908

Refund related to litigation

finalized in Korea, net .................. - (1,354) - (15,199)

Fundamental ...................... 65,978 80,985 1.41 1.73 934,795 909,065 19.98 19.44