 JOHANNESBURG, South Africa, June 17, 2021 GLOBE NEWSWIRE -- Net 1 UEPS Technologies, Inc. NasdaqGS: UEPS; JSE: NT1 Net1 we or the Company today announced that its Chairman, Jabu Mabuza, passed away on June 16, 2021. We are deeply saddened by the news of the passing of Jabu Mabuza and extend our condolences to his family. As a business leader he was fearless, well respected and spoke from the heart. When he joined the Net1 board as Chairman in May 2020 he brought a wealth of experience across the private and public sectors in Africa, including a strong track record with corporate turnarounds and we benefitted enormously from his guidance. He led a significant board change with skill, purpose and humility. He was a strong believer in Net1s mission of serving the underbanked communities of South Africa and was committed to Net1s renewed focus on financial inclusion for all. 