LESAKA TECHNOLOGIES INC

Unaudited Condensed Consolidated Balance Sheets

(In thousands, except share data)

ASSETS

CURRENT ASSETS

$

72,162

$

76,520

Restricted cash related to ATM funding

and credit facilities (Note 9)

Accounts receivable, net and other receivables (Note 3)

44,790

42,525

Finance loans receivable, net (Note 3)

80,860

74,110

Inventory (Note 4)

18,957

23,551

Total current assets before settlement assets

216,891

216,825

Settlement assets

23,653

27,098

Total current assets

240,544

243,923

PROPERTY,

PLANT AND EQUIPMENT, net of accumulated depreciation of - September: $

55,748

June:

$

55,086

(Note 1)

46,277

44,924

OPERATING LEASE RIGHT-OF-USE (Note 17)

9,876

9,691

EQUITY-ACCOUNTED INVESTMENTS

(Note 6)

GOODWILL (Note 7)

204,979

199,395

INTANGIBLE ASSETS, NET (Note 7)

134,664

139,215

DEFERRED INCOME TAXES

12,325

12,554

OTHER LONG-TERM ASSETS (Note 6 and 8)

4,020

3,809

TOTAL ASSETS

652,855

653,710

LIABILITIES

CURRENT LIABILITIES

Short-term credit facilities (Note 9)

12,488

24,469

Accounts payable

19,138

19,867

Other payables (Note 10)

75,026

72,079

Operating lease liability - current (Note 17)

4,258

4,007

Current portion of long-term borrowings (Note 9)

12,581

11,956

Income taxes payable

1,961

1,400

Total current liabilities before settlement obligations

125,452

133,778

Settlement obligations

23,822

26,695

Total current liabilities

149,274

160,473

DEFERRED INCOME TAXES

32,773

33,921

OPERATING LEASE LIABILITY - LONG TERM (Note 17)

6,041

6,129

LONG-TERM BORROWINGS (Note 9)

195,516

188,813

OTHER LONG-TERM LIABILITIES, including insurance policy liabilities (Note 8)

3,029

2,991

TOTAL LIABILITIES

386,633

392,327

REDEEMABLE COMMON STOCK

88,957

88,957

EQUITY

COMMON STOCK (Note 11)

Authorized:

200,000,000

with $

0.001

par value;

Issued and outstanding shares, net of treasury - September:

; June:

81,249,097

PREFERRED STOCK

Authorized shares:

50,000,000

with $

0.001

par value;

Issued and outstanding shares, net of treasury:

September:

; June:

ADDITIONAL PAID-IN-CAPITAL

428,811

426,950

TREASURY SHARES, AT

COST: September:

29,934,044

; June:

29,934,044

ACCUMULATED OTHER

COMPREHENSIVE LOSS (Note 12)

RETAINED EARNINGS

218,422

222,719

TOTAL LESAKA EQUITY

170,351

165,585

NON-CONTROLLING INTEREST

6,914

6,841

TOTAL EQUITY

177,265

172,426

TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND SHAREHOLDERS’ EQUITY

$

652,855

$

653,710