LESAKA TECHNOLOGIES INC

Commitments

and contingencies

Guarantees

The South African

Revenue Service and

certain of the Company’s

customers,

suppliers and other

business partners

have

asked

to provide

them with

guarantees,

standby

letters

of credit,

banks.

The

Company

is required

to procure

these guarantees

for these third

parties

to operate

its business.

RMB

has issued

third

parties

amounting

to ZAR

103.3

6.3

thereby

utilizing part

Nedbank

has issued guarantees

to these third

parties amounting

to ZAR

2.1

0.1

rates

as of

30,

2026. thereby

utilizing

part

of the

pays

of between

0.47

% per

annum

to

1.84

% per

annum

of the

face value

and does

not

recover

any of the

from third

parties.

The

Company

has

not

any

obligation

related

to

these

in

its

balance

sheet as of

2026. The

maximum potential

amount

that the Company

could

pay under these

is ZAR

35.1

million

($

2.1

as of

30,

2026).

has

ceded and

pledged certain

bank accounts

to Nedbank

as security

for the

them with

value

of ZAR

2.1

0.1

as of

2026).

Contingencies

is subject

to a variety of insignificant

claims and

suits that arise from

time to time in

the ordinary

course of

business.

currently

resolution

other matters,

individually

or in the

aggregate,

will no

t

adverse impact

on the Company’s

financial position,

results

or cash flows.

Management’s

Discussion

and Analysis

of Financial

Condition

and Results