Company name Net 1 UEPS Technologies, Inc.
UEPS
Status Under Investigation

NEW YORK, November 12, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS). Our investigation concerns whether Net 1 has violated the federal securities laws and/or engaged in other unlawful business practices.

On November 8, 2018, after market close, Net 1 announced that it will restate its financial results for the year ended June 2018 due to an accounting error related to its investment in Cell C Proprietary Limited.

On this news, the price of Net 1 UEPS shares fell over 30%, closing at $4.84 on November 9, 2018.

If you purchased or otherwise acquired Net 1shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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