On February 28, 2022, Alex M.R. Smith resigned from his position as a member of the Net 1 UEPS Technologies, Inc.'s board of directors, will serve as the Company's Group Chief Accounting Officer from March 1, 2022. On March 1, 2022, Naeem E. Kola's appointment as the Company's Chief Financial Officer, became effective. On that same date, the Company's board of directors appointed Mr. Kola as a director of the Company, for a term that will expire at the Company's next annual meeting of shareholders.