LESAKA TECHNOLOGIES INC

Legal Proceedings

General

We are,

from

time to

time,

subject

to claims

and suits,

or threats

of claims

or suits,

to our

claims

for

damages

for

personal

injuries,

breach

of contract

and

related

claims.

In

certain

of

these

actions,

plaintiffs

request

payment

for

damages,

punitive

damages,

which

may

not

be

covered

by

or

may

otherwise

adverse

effect on

our business

or results

of operations.

In the opinion

of management,

we are

not

currently a

party to any proceedings

that would

adverse

effect on our

business, financial

or resul

ts

of operations.