Notification of directors change in beneficial ownership in Lesaka securities

Lesaka TechnologiesLSKOn SENS Wednesday 14 October 2026, 14:35 SAST

Directors' dealingsNot material

In brief

Director Ali Mazanderani was granted an option for 1,000,000 shares of common stock at an exercise price of US$5.00 per share. The award vests on 1 April 2028 and expires on 1 April 2030.

The announcement

Notification of directors’ change in beneficial ownership in Lesaka securities

Lesaka Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: LSAK
JSE share code: LSK
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
(“Lesaka,” or the “Company”)

Notification of directors’ change in beneficial ownership in Lesaka securities

On October 14, 2026, Ali Mazanderani filed a Form 4 with the U.S. Securities and Exchange
Commission (“SEC”) regarding an option granted to him for 1,000,000 shares of the Lesaka common
stock (“Option Award”). The Option Award was approved by Lesaka’s shareholders on August 3, 2026.
The Form 4 is available on the SEC’s website.

Key terms of the option are as follows:

 Award Terms                Details
 Options awarded            1,000,000
 Equity Type                Options to acquire common stock
 Exercise Price             US$5.00 per share
 Exercise Date              From April 1, 2029
 Expiration Date            April 1, 2030

The Option Award will vest on April 1, 2028, subject to Mr. Mazanderani’s continuous employment
through this date.

Lesaka has a primary listing on NASDAQ and a secondary listing on the Johannesburg Stock
Exchange.

Johannesburg
October 14, 2026

Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 14/10/2026 02:35:00
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