DISCLAIMER This call will contain statements about the Company's future results call. These statements constitute forward-looking statements within the

DISCLAIMERDISCLAIMER

This call will contain statements about the Company's future results call. These statements constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements represent only the Company's views as of today, December 15, 2006, and are based on current expectations in light of the current economic environment. While we may choose to update forward-looking statements in the future, we specifically disclaim any duty to do so; therefore, these forward-looking statements should not be relied upon as representing the Company's views as of any later date. Forward-looking statements and projections are inherently subject to significant economic, competitive and other uncertainties and contingencies which are beyond the control of Net1. We caution you that such statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements.

Page 1Page 1

MISSION STATEMENTMISSION STATEMENT

“To provide a secure, universal and affordable transacting system for all, utilizing existing infrastructures, that will enable the majority of people unqualified access to previously inaccessible goods and

services, resulting in the upliftment of their lifestyles, whilst opening up new, low risk and profitable markets for the suppliers concerned.”

Page 2Page 2

THE WORLDTHE WORLD

Page 3Page 3

THE UNBANKED & UNDERBANKEDTHE UNBANKED & UNDERBANKED

Page 4Page 4

ACCESSING THE BOTTOM OF THE PYRAMID (BOP)ACCESSING THE BOTTOM OF THE PYRAMID (BOP)

Page 5Page 5

SOUTH AFRICATHE UNBANKED & UNDERBANKED BY LSM, 2001


Figure 1 Banked and Unbanked by Living Standard Measure (LSM), 2001

Page 6Page 6

SOUTH AFRICA - THE UNBANKEDSOUTH AFRICA - THE UNBANKED

• Food • Food

• Clothing

• Food

• Clothing

• Insurance (Burial)

• Loans (Micro)

• Food

• Clothing

• Transport (Taxis)


• Utilities

• Accommodation

• Savings (Stockvels)

• Food

• Clothing

• Transport (Taxis & Fuel)

• Insurance (Burial & Short-term)

• Loans (6-12 months)

• Utilities (Water & Electricity)

• Accommodation (Rent/Mortgage)

• Savings (Stockvels)

Page 7Page 7

• Food

• Clothing


• Loans (Micro)


• Savings

• Furniture

• Food

• Clothing

• Home Loan

• Transport (Car / Fuel)

• Insurance (Short-term + Life)

• Loans (Bank)


• Savings

• Furniture

• Entertainment

SOUTH AFRICA - THE BANKEDSOUTH AFRICA - THE BANKED

Page 8Page 8



36%35%

18% 11%

25%

23%

52%

11%

10%

79%

UnemployedUnemployed

Work part-timeWork part-time

Work full timeWork full time

Living StandardMeasure (8-10)


Living StandardMeasure (6)






Work part-time Work part-time

Unbanked 17.69 millionUnbanked 17.69 millionBanked 11.33 millionBanked 11.33 million

1.95 m1.77 m

4.02 m

2.01 m

4.06 m

1.24 m

4.06 m

1.95 m

1.77 m

Work full-timeWork full-time



13.97 m

Page 9Page 9

U.E.P.S. VS TRADITIONAL BANK ACCOUNTSU.E.P.S. VS TRADITIONAL BANK ACCOUNTS

U.E .P.S .• 1 ) Ze ro c o s t to s o c ia l g ran t be ne fi c ia r ie s .

2) R8,00 per month to a ll other c ard holders for the use of a s ec ure, por table w allet.

• I dentifi c ation method = B iometric F ingerprint. R e duc e s r i s k s a s s o c ia t e d w i th F R A U D. N o fi ngerprint matc h res ults in trans ac tion being denied.

• Zero c harge to the c ard holder for the s mar t c ard its elf. Employer pays a onc e-off c os t of +/- R 45.00. (L ife-s pan of the c ard is 10 years ).

• Spending at U .E .P.S . merc hants is free of c harge to the c ard holder as the trans ac tion is performed OF FL IN E (N o c ost to merc hant or N ET 1).

• O F F L I N E S e t t l e m e nt c a n be pe r fo r m e d by m e r c h a n t s w i t h n o O N L I N E n e t w o r k in fra s t r uc tu re – “M i lk ing F unc t ion”. O N L I N E Sett lement is performed at the end of eac h day – 1 telephone c onnec tion to System Hos t.

• M erc hants c an c hoose to dis pens e their funds at settlement to either a tradit ional bank ac c ount or a N ET 1 c lient smar t c ard w hic h c an be us ed to purc hase goods and perform c ash w ithdraw als from reta ilers and w holes alers .

Traditional B ank A c c ount• 1) Current c ost to run a tradit ional bank ac c ount is /- R 40 – R50 per month.

2) C ur rent c ost to run a M zanzi ac c +/- R25 per month.

• Identifi c ation option = P IN (I ns ec ure & C omplex to manage)

• A nnual c ost to c ard holder +/- R 60 – R 80 per annum w hic h las ts betw een one and tw o years .

• S pending a t t rad it iona l bank merc hants is performed online & attrac ts normal ON L IN E Debit Charges i.e . R2.05 per transac tion – H igh netw ork c osts involved.

• ON L IN E Settlement only.

• M erc hants are required to open up a traditional bank ac c ount and are then forc ed to c ash c heques as the trade s tores do not ac c ept c heques as payment.

Page 10Page 10

U.E.P.S. VS TRADITIONAL BANK ACCOUNTS (continued)U.E.P.S. VS TRADITIONAL BANK ACCOUNTS (continued)

U.E .P.S .• Convenienc e benefi t – Cardholders c an load their

w ages onto the s mar t c ard ONL IN E , OF FL IN E Automatic & OF F L IN E M anual – anytime, anyw here at a U .E .P.S . P OS / AT M – no c harge for an OF FL IN E LOA D.

• U nlimited N umber of c ash w ithdraw als .

• Zero Value limit on c as h w ithdraw als .

• C as h W ithdraw a l t rans ac tions a re pe rfo r med OF FL IN E . Fees are 50% c heaper than c urrent Sasw itc h fees . M ax imum R5,00 for low inc ome earners .

• M erc hant profi les maintained on merc hant c ard – enabling s haring of P OS devic es - Reduc ed c osts .

• H ot C ard F iles maintained on merc hant c ard. (K ey for OF FL IN E proc ess ing).

• M ult iple A udit Tra il - In the event of merc hants / c lients los ing/mis plac ing their c ards , the system w ill re-c reate the trans ac tions us ing this func tion.

• N ET 1 pays interes t monthly, c a lc ulated on the daily balanc e.

• N o c harges for w allet to w allet trans fers .

• M ult i F inanc ial ins titutions fac ility on a s ingle c ard.

• H ealth c are (H IV /A ids ).

Traditional B ank A c c ount• Wages are paid into a bank ac c ount resulting in

c ardholder queuing at AT M s. AT M c harges apply for “Balanc e E nquiry” etc .

• 1 to 2 w ithdraw als per day.

• L imit set per c ardholder.

• Cash w ithdraw als are performed ONL IN E . H igh AT M c harges .

• M erc hant profi les s tored & maintained in the P OS memory. Sharing of P OS devic es not pos s ible.

• H ot C ard F iles s tored in P OS memory but s til l verifi ed ONL INE by is suing ins titution.

• N ot available in ex is t ing bank ing applic ations .

• Interes t c a lc u lated on the month ly m inimum balanc e.

• Bank c harge minimum R2,90.

• N on-ex is tent

• N on-ex is tent

Page 11Page 11

MARKETING APPROACHMARKETING APPROACH

Page 12Page 12

INTERNATIONAL PAYMENT INTERCHANGE SYSTEM TO THE DEVELOPING WORLD

THE SECOND STEPTHE SECOND STEP

UEPS

FINALNEGOTIATIONS

VTU

CONTRACT SIGNED &ACTIVITIES COMMENCED

• South Africa • CIS Republic

• Mozambique • Botswana

• Ghana • Burundi

• Namibia • Malawi

• Rwanda • Nigeria

• Columbia • Iraq

• Indonesia

• Mozambique

• Tanzania

• Kenya

UEPS VTU• Vietnam• Mozambique

DISCUSSIONPHASE

CONTRACT SIGNED & ACTIVITIES COMMENCED

• South Africa

• Nigeria

• Cameroon

• Swaziland

VTU MTN

CONTRACTSIGNED

VTU MTN• Rwanda• Ivory Coast

• Indonesia

• United Arab Emirates

VTU

Page 13Page 13

NET1 U.E.P.S. MARKETINGNET1 U.E.P.S. MARKETING

Page 14Page 14

PROPOSED SALES & MARKETING STRUCTUREPROPOSED SALES & MARKETING STRUCTURE

Page 15Page 15

U.E.P.S. PRODUCTS – S2S PENSION & WELFAREU.E.P.S. PRODUCTS – S2S PENSION & WELFARE

S2S Pension & Welfare

Facts and Assumptions

Main Economic Drivers Government – R 25.56 per social grant beneficiary per month (Changes dependent on agreement with Government) Social grant beneficiary – ZERO charge per month for use of card account

Financial Services (Direct or Indirect)

Loans R500 over 6 monthsR500 over 6 months R30,00R30,00

InsuranceInsurance R50 prem iumR50 prem ium R11,00R11,00

Debit OrdersDebit Orders Two (2) per m onthTwo (2) per m onth R4,00R4,00

Transactional Services R4.00

Total potential fee from service providers R49,00

Government R25,56R25,56

Total potential fee per beneficiary card 4.56R7

PRODU CTS DESCRIPTIONDESCRIPTION M AX FEE PER M ONTHM AX FEE PER M ONTH

Page 16Page 16


Estimated number of grants per grant type - Year ended June 2006

0

10,000

20,000

30,000

40,000

50,000

60,000

Old

Ag

e

Wa

r

Ve

tera

ns

Dis

ab

ility

Gra

nt

Institu

tio

na

l

Un

cla

ime

d

Be

ne

fits

Fo

ste

r C

are

Gra

nt

Ca

re-

De

pe

nd

en

cy

Gra

nt

Co

mb

ina

tio

n

Ch

ild

Su

pp

ort

Gra

nt

'00

0

Estimated value of grants - Year ended June 2006

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

Old

Age

Dis

ability

Uncla

imed

Benefits

Care

-

Dependency

Child

Support

Gra

nt

Valu

e i

n $

'000

Num

ber

of g

rant

s ‘0

00

Page 17Page 17


Estimated number of grants per Service Provider - Year ended June 2006

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Banks SAPO Institutional Allpay CPS (NET 1) Empilweni

Nu

mb

er

of

gra

nts

Estimated value of grants per Service Provider - Year ended June 2006

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

4,500,000


Val

ue

in $

'000

Page 18Page 18


Potential increase in value of grants per grant type

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Old

Age

War

Vete

rans

Dis

ability

Inst

itutio

nal

Uncla

imed B

enef

its

Foste

r C

are

Gra

nt

Care

-Dep

enden

cy

Com

bin

atio

n

Child

Support

Gra

nt

Gra

nt in

Aid

Va

lue

in $

'00

0

Current value of grants

Potential increase - year 1


Potential increase in value of grants per Service Provider

0

1,000

2,000

3,000

4,000

5,000

6,000


Va

lue

in $

'00

0

Current value of grants



Page 19Page 19


CPS (NET 1) number of grants per grant type - Year ended June 2006

0

5,000

10,000

15,000

20,000

25,000

Old

Ag

e

Wa

rV

ete

ran

s

Dis

ab

ility

Un

cla

ime

db

en

efit

s

Fo

ste

r C

are

Co

mb

ina

tion

Ca

reD

ep

en

da

ncy

Ch

ildS

up

po

rtG

ran

t

Nu

mb

er

of

gra

nts

'00

0

CPS (NET 1) value of grants per grant type - Year ended June 2006

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

Old

Ag

e

Wa

rV

ete

ran

s

Dis

ab

ility

Un

cla

ime

db

en

efit

s

Fo

ste

r C

are

Co

mb

ina

tion

Ca

reD

ep

en

da

ncy

Ch

ildS

up

po

rtG

ran

t

Va

lue

in $

'00

0

Page 20Page 20


Pension and Welfare Revenue - Year ended June 2006

73%

4%

23%

Transaction-based activities Smart card accounts UEPS based lending

Pension and Welfare Operating Income - Year ended June 2006

20%

6%

74%

Transaction-based activities Smart card accounts UEPS based lending

Page 21Page 21


Estimated revenue - no increase in market share

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Transaction-basedactivities

Smart card accounts UEPS based lending

Price increase - year 2

Increase in number of beneficiaries - year 2



Year ended June 2006

Estimated operating income - no increase in market share

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%








Page 22Page 22


Estimated revenue - increase in market share

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%



Potential increase in market share - year 2







Estimated operating income - increase in market share

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%










Page 23Page 23

S2S Wage Payment System


Main Economic Drivers Employers – R 5,00 per wage per month (Changes dependent on frequency of payments) Employee – R 8,00 per month for use of card account Financial Services (Direct or Indirect)

Potential Revenue South Africa

National Potential Customer Base 7,78 Million

Total anticipated revenue per client (R34.58) calculated at 52% of maximum revenue (R66.50)

U.E.P.S. PRODUCTS – S2S WAGEU.E.P.S. PRODUCTS – S2S WAGE

Loans R500 over 6 monthsR500 over 6 months R30,00R30,00

InsuranceInsurance R50 prem iumR50 prem ium R11,00R11,00

Debit Orders R8,00R ,00

Transactional Services

Savings

R4.00

PRODU CTS DESCRIPTIONDESCRIPTION MAX FEE PER MONTHMAX FEE PER MONTH

R 0,50

R53,50

R13,00

R 66,50

R 0,50

R53,50

R13,00

R 66,50

Four (4) per month

0.5% of Average spend (R800.00)

(3% on a balance of R 200) R 0,50R 0,50

R53,50R ,50

R13,00R13,00

R 66,50R 66,50

Employers and employees

Page 24Page 24

U.E.P.S. PRODUCTS – S2S WAGEU.E.P.S. PRODUCTS – S2S WAGE

Anticipated Growth and Revenue

Existing Base Growth Customer Base Revenue

Year 1 0 500,000 500,000 103,125,000

Year 2 500,000 750,000 1,250,000 360,937,500

Year 3 1,250,000 500,000 1,750,000 618,750,000

Year 4 1,750,000 350,000 2,100,000 794,062,500

Year 5 2,100,000 300,000 2,400,000 928,125,000

Market Penetration

S2S Wage Payment System (continued)

Page 25Page 25

U.E.P.S. PRODUCTSS2S VIRTUAL TOP UP SYSTEM (VTU)


S2S Virtual Top Up System


Main Economic Drivers• Approximately 90% of the market in South Africa is prepaid.• Potential to grow subscriber base by 5 million to 35 million over the next two to three years

Year 1 Year 2 Year 3

Total number of pre-paid subscribers 26,600,000 27,930,000 29,326,500

Estimated number of VTU subscribers 1,800,000 4,500,000 4,500,000

Estimated revenue R10,671,750 R70,341,750 R82,620,000

Estimated operating income R1,222,982 R34,080,577 R43,920,792

Number of pre-paid subscribers - South Africa

7,400,000

2,400,000

16,800,000Vodacom

MTN

Cell C

Page 26Page 26



S2S Virtual Top Up System (continued)

COLUMBIA • Commercial agreements concluded & signed.• Customisation, systems integration and testing for first Colombian mobile operator completed• Installation & commissioning scheduled for mid January. Pilot scheduled for February.

VIETNAM • Commercial: Terms agreed & signed (implementation agreement signed), shareholder & licensing agreements currently being finalised. Commercial finalisation scheduled for mid January MOZAMBIQUE • Commercial agreements finalised and awaiting signature, licensing agreement currently being finalised.• Customisation, systems integration & testing for mobile operator completed.• Installation & commissioning scheduled for end January. Pilot scheduled for February.

Year 1 Year 2 Year 3

Total number of pre-paid users 22,396,563 23,994,201 25,229,069

Potential margin earned $3,596,056 $9,194,302 $11,470,119

Page 27Page 27

EasyPay


Main Economic DriversTotal number of transactions per month 36,3 millionTotal value of transactions per month R8,3 billion

Key merchantsPick ‘n Pay Shoprite CheckersEdcon CaltexBP TotalHIFI Corporation ABSANuPay Recipients of bill payments200 municipalities TelkomESKOM SABCVodacom Metropolitan LifeTeba Bank AVON Number of Point of Service devices 50,000

Type of service Number of transactions per month‘000

Value of transactions per monthR’000

Electronic Funds Transfer 28,250 7,122,188

Pre-paid Cellular 5,788 183,294

Pre-paid Electricity 824 26,740

Bill Payments 1,231 964,785

Other 267 23,931

PRODUCTS - EASYPAYPRODUCTS - EASYPAY

Page 28Page 28

S2S Insurance System


Main Economic Drivers• Insurance Underwriter/Broker – Transaction Processing Fee of R 1,50 per insurance policy per month (External Insurance Merchant)

– Collection Fee of R 2,00 per debit order instruction per month

Potential Revenue South Africa National Potential Customer Base 7,78 Million

U.E.P.S. PRODUCTS – S2S INSURANCE SYSTEMU.E.P.S. PRODUCTS – S2S INSURANCE SYSTEM

Page 29Page 29

U.E.P.S. PRODUCTS – S2S INSURANCE SYSTEMU.E.P.S. PRODUCTS – S2S INSURANCE SYSTEM

R 0

R 5,000,000

R 10,000,000

R 15,000,000

R 20,000,000

R 25,000,000

R 30,000,000

R 35,000,000

R 40,000,000

R 45,000,000

R 50,000,000

0 1 2 3 4 5

Years

S2S Insurance System (continued)

Anticipated Growth and Revenue

Market Penetration Existing Base Growth Customer Base Revenue

Year 1 0 100,000 100,000 5,400,000

Year 2 100,000 150,000 250,000 13,500,000

Year 3 250,000 200,000 450,000 24,300,000

Year 4 450,000 200,000 650,000 35,100,000

Year 5 650,000 200,000 850,000 45,900,000

Yearly Customer Base Anticipated Revenue

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

0 1 2 3 4 5

Years

Num

ber

of c

usto

mer

s

Page 30Page 30

CURRENT U.E.P.S. BUSINESS OPPORTUNITIESCURRENT U.E.P.S. BUSINESS OPPORTUNITIES

NAMIBIA NEW APPROVALS

1) 27th Oct 2006 – Approval From Bank of Namibia approving NAMPOST smart card as a payment instrument in Namibia. 2) SLA signed with PAYZONE – Pre-paid ESC and airtime Pilot rollout in December 2006 Thereafter national rollout – anticipated electricity sales of 210,000 transactions per month – Windhoek area Tenders submitted for rural areas – awaiting outcome.

GROWTH IN EXISTING PROJECT

Nampost – Total cards issued 146,000

MERCHANT ACQUIRING ROLL OUT

128 Merchants Registered

Page 31Page 31


BOTSWANA

APPROVALS

1) 17th May 2006 – Approval from Bank Of Botswana to perform clearing and settlement via Bank Gaborone. 2) SLA signed between Government & our Union Partners LITS PAYZONE 12 th Dec 2006 Final changes to be made in SLA between SmartSwitch and LITS – product wages & loan deductions +- 28,000 cards Marketing Launch Date – November ON TARGETSystem ‘Live’ Date – End Jan 2007

POTENTIAL CUSTOMERSBotswana Building Society & Botswana Savings Bank +- 400,000 accounts (old passbooks) BANKINGBotswana Post Office – BANKINGBotswana Life – INSURANCE DEDUCTIONS +- 180,000 deductions per monthDebswana – WAGES & DEDUCTIONS +- 20,000 employeesBOPMAS & PULA Medical Aid – Medical Solution (Member Identification, Premium Checks, Authorisation of Benefits & Claim Payment Distribution +- 120,000 members + 60,000 dependantsBOMaid Medical Aid - +- 30,000 members

MERCHANT ACQUIRING & EMPLOYEESMarketing and awareness has commenced with retailers & employers in Botswana.

Page 32Page 32


NIGERIA 1) Final stages with the Central Bank of Nigeria for SmartSwitch to operate the scheme in Nigeria. Clearing & settlement will be managed via Diamond Bank 2) Negotiations to participate as a customer of the Switch with :-

• Ecobank • Uba• Skye • Oceanic• First Inland • Unity bank• First Bank

3) Marketing launch commenced in December 2006

Slight delay with materials - premises should be completed January 2007 – builders break over festive season

4) Diamond bank

Phase 1 Teller training commences 8th Jan 2007‘Live’ to customers - end January 2007LAUNCHING:

• Banking • Wholesale to retail distribution• Cash advances

• Loyalty scheme• Personal loans• Money transfers• 3rd party bill payments

Page 33Page 33

NIGERIA (continued)

Phase 2 Student card

Pension contribution & distribution

Transportation

TENDERSNigerian Government Multi-Purpose Card

SmartSwitch is one of six companies shortlisted out of 38 international companies

The other entities shortlisted are:

1) CHAMS Consortium

2) SONDA S.A./ Interswitch

3) OneSecureCard Consortium

4) Inter Security Systems

5) IRIS Smart Card Technology Limited

Comprising :-

• National Identity Authentication/Verification

• Government Financial Payments For Services

• Affordable Banking

• Consumer Credit Rating System

Anticipated Card Volumes 65 million over 5 years


Page 34Page 34

IRAQ 1) Finalising numbers for Business Model with partners FUBI LLC2) Presentations and negotiations in place with potential equity partners

• Al Rafideen Bank• Al Rashid Bank• Post Office• Government Pension Department

INITIAL PRODUCTSBankingRetailGovernment wages in respect of Iraqi military, coalition forces. (anticipated volumes +- 2 million)Government pension payments (anticipated volumes 1.5 million)

GHANA TENDERS• Ghana national switch & smart card payment system• SmartSwitch is one of six companies shortlisted out of 42 International companies • The other entities shortlisted are:

Hightech Payments SystemsSociete Maghrebine de Monetique (S2M)Gemalto N.V.Sungard Systems Access Pte LimitedCorenett Limited

• Submission of bid document due 12th January 2007• Ownership of the National Switch involving the Central Bank, all the banks in Ghana and the selected technology partner


Page 35Page 35


INDONESIA

STATUS – IN ADVANCED DISCUSSIONSPartners Identified :ALITA (Infocom Network Solution)BRI (Indonesian People Bank)TelkomselFinnet – 40% owned by Central Bank Business model in final stagesRequest for pilot system – to be negotiated during December 2006

MOZAMBIQUE STATUS – IN ADVANCED DISCUSSIONSPartners identified :DIGI TechnologiesCHUMA Bank Equity financing in advanced stagesMarketing campaign & presentations to be held in Mozambique +- 14 th/15th Jan 2007 across all market sectorsIncluding Central Bank

Page 36Page 36


TANZANIA STATUS 1) Tanzania Postal Bank - Awaiting board decision (in current discussions with Government) anticipated card volumes +-500,000 2) Advanced stages with Reserve Bank of Tanzania3) Advanced stages with PRIDE Tanzania to acquire UEPS transactions via their NCR ATMs and bank branches4) In discussion with De Beers and Government on artisanal Mining Project PRODUCTS• Banking • Loans• Cash advances • Bill payments• Money transfers • Wages• Retail • Mining

KENYA STATUS 1) Advanced Stages with KUSSCO & SACCO Members. Service Level Agreement being prepared – 3000 branches and +- 2 million members 2) In negotiation with Postal Bank Kenya – decision to be taken in January 2007 PRODUCTS• Banking • Loans• Cash advances • Lill payments• Money transfers • Wages• Retail

Page 37Page 37

U.E.P.S PRODUCTS – SOUTH AFRICAU.E.P.S PRODUCTS – SOUTH AFRICA

Page 38Page 38

ROADMAPROADMAP

NAMIBIA BOTSWANA NIGERIA MALAWI SOUTH AFRICAGeneral Banking √ √ √ √

Retail √ √ √ √ √Wholesale to Retail Distribution √

Wage √ √ √ √ √Third Party Collections/Deductions √ √ √ √

Money Transfers √ √ √ √Third Party Bill Payments √ √ √ √

Cash Advances √Financial Services √ √

Micro-Finance Loan RegistrationInsurance Registration √

Payment of Social Welfare Grants √Employee Pension Contribution & Distribution

Artisonal MiningMedical Aid System

Medical Management, Patient Monitoring & Distribution System in respect of HIV/AIDS Patients √

National Health Insurance Fund SystemTransportation √

Government Applications (National I.D., Passport, Diver's Licence, Voting)Virtual Top Up √ √

Pre-paid Utilities (Electricity, Water, Airtime) √ √Internet Applications

Loyalty Schemes √

Page 39Page 39

Documents

DISCLAIMER This call will contain statements about the Company's future results call. These statements constitute forward-looking statements within the