JOHANNESBURG, SOUTH AFRICA--(Marketwire - Dec. 5,

JOHANNESBURG, SOUTH AFRICA--(Marketwire - Dec. 5, 2012) - Net 1 UEPS Technologies Inc. (NASDAQ:UEPS)(JSE:NT1). On December 4, 2012, we made public disclosure through a filing with the Securities and Exchange Commission ("SEC") that we have received letters from the U.S. Department of Justice, Criminal Division ("DOJ") and the SEC informing us that they are conducting investigations concerning our company. We recognize that the announcement of these investigations raises questions and concerns about our company and our SASSA contract.