Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry Into a Material Definitive Agreement.

Amendment to General Banking Facility

As previously disclosed, on February 27, 2025, Lesaka Technologies, Inc. ("Lesaka"), its wholly-owned subsidiary, Lesaka Technologies Proprietary Limited ("Lesaka SA") and certain other subsidiaries of Lesaka, entered into a Common Terms Agreement (the "Original CTA") with FirstRand Bank Limited (acting through its Rand Merchant Bank division) ("RMB"), FirstRand Bank Limited (acting through its WesBank division) ("WesBank"), FirstRand Bank Limited (being a South African corporate and investment bank), Investec Bank Limited (acting through its Investment Banking division: Corporate Solutions) (being a South African corporate and investment bank) ("Investec" and, together with RMB and WesBank, the "Lenders"), and Bowwood and Main No 408 (RF) Proprietary Limited ("Debt Guarantor"), a South African company incorporated for the sole purpose of holding collateral for the benefit of the Lenders and acting as debt guarantor, and certain other parties. Concurrent with the execution of the CTA, Lesaka SA and RMB entered into a General Banking Facility Agreement (the "Original GBF Agreement"), which was amended by an addendum dated on or about July 16, 2025. On February 27, 2026, the relevant parties entered into an Amended and Restated CTA to amend and replace the Original CTA ("Restated CTA"). The Restated CTA was further amended by a letter dated March 27, 2026. Neither of these resulted in any material changes to the Original CTA.

On March 27, 2026, Lesaka SA and RMB entered into an Amended and Restated General Banking Facility ("Restated GBF Agreement") to amend and replace the Original GBF Agreement. Pursuant to the Restated GBF Agreement, Lesaka SA and certain of its subsidiaries have access to direct facilities of ZAR 1,143,901,000, which include a general banking facility (a demand facility); short-term direct and contingent facilities which cover forward exchange contracts and credit cards; an indirect facility of ZAR 57,700,000 for bank guarantees; and settlement lines of ZAR 326,000,000. The direct facilities may be reallocated as indirect facilities, and indirect facilities may be reallocated as direct facilities. Except as described above, the material terms of the Restated GBF Agreement are substantially the same as the Original GBF Agreement.

The facilities under the Restated GBF Agreement were available for utilization from March 30, 2026, and are subject to annual review by RMB.

Lesaka SA will pay an upfront fee of ZAR 3.45 million to the RMB related to this transaction.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The following provided in Item 1.01 of this Form 8-K is incorporated by reference.