HOME LOGIN SUPPORT CAREERS CONTACT US Net 1 NET1 SHARE INFO About * VALUE OF LAST TRADED SHARE Home AboutCorporate History Overview Strategic Direction: Our Strategy Financial Highlights Leadership Corporate History OUR TECHNOLOGY Find out what NET1 does and who we are. CORPORATE HISTORY Net1 was incorporated in Florida in May 1997. Until June 2004, Net1 was a development stage company and its business consisted only of holding a license to payment systems intellectual property and an exclusive marketing agreement for the U.E.P.S. technology outside South Africa, Namibia, Botswana and Swaziland. In June 2004, Net1 acquired Net1 Applied Technologies Holdings Limited, or Aplitec, a public company listed on the JSE Limited, or JSE. Aplitec owned the payment systems intellectual property in South Africa, Namibia, Botswana and Swaziland and one of its subsidiaries was the other party to the marketing agreement described above. The primary purpose of the Aplitec transaction was to consolidate all intellectual property into one company, to establish a first-mover advantage in developing economies for the commercialization of the U.E.P.S. technology, and to exploit market opportunities for growth through strategic alliances and acquisitions. The transaction permitted Aplitec's shareholders to reinvest the sale proceeds in Net1, but under South African exchange control regulations, those shareholders were not permitted to hold Net1's securities directly. In 2005, Net1 completed an initial public offering and listed on the Nasdaq Stock Market. In October 2008, Net1 listed on the JSE, in a secondary listing, which enabled the former Aplitec shareholders (as well as South African residents generally) to hold Net1 common stock directly. Legal | FAIS Disclosures © 2012 Net1 UEPS Technologies, Inc About Overview Strategic Direction: Our Strategy Financial Highlights Leadership Corporate History Key Products The U.E.P.S. Technology Payment Transaction Management Healthcare Transaction Management Payroll Transaction Management Mobile Virtual Card Financial Services Hardware Solutions Business Structure Transactional Solutions Cluster Hardware & Software Sales Cluster Financial Services Cluster Corporate Cluster Group Structure Our Industries Government & NGOs Healthcare Telecommunications Financial Institutions Retailers Energy Utilities Employers Investor Relations Overview Governance Press Releases Reports & Downloads Presentations SEC Filings Share Price Fundamentals Analyst Coverage Earnings Estimates Institutional Ownership Investor FAQ Information Request Events Calendar Contact Investor Relations