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Lesaka Technologies, Inc. – Changes to the Board of Directors in September 2026
Lesaka Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: LSAK
JSE share code: LSK
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
(“Lesaka,” or the “Company”)
Lesaka Technologies, Inc. – Changes to the Board of Directors in September 2026
Resignation of Mr. Dean Sparrow
On September 23, 2026, Mr. Dean Sparrow notified the Board of Directors (the "Board”) of the Company of his
resignation as a director of the Company and from all committees of the Board on which he serves, effective
September 25, 2026. Mr. Sparrow’s resignation was not the result of any disagreement with the Company on
any matter relating to the Company’s operations, policies or practices.
Appointment of Ms. Carolina Lacerda and Mr. James Oates
On September 28, 2026, the Board approved the appointment of Ms. Carolina Lacerda and Mr. James Oates
to serve as directors of the Company, effective September 28, 2026, with each to serve until the Company’s
next annual meeting of shareholders and until her or his successor is duly elected and qualified, or until her or
his earlier resignation or removal.
Ms. Lacerda is expected to be appointed to the Company’s Audit and Risk Committee and the Company’s
Capital Allocation Committee. The Board determined that Ms. Lacerda is independent under the applicable rules
of The Nasdaq Stock Market LLC (“Nasdaq”) and the Securities and Exchange Commission (the “SEC”) and
qualifies as an “audit committee financial expert” as defined by applicable SEC rules.
Ms. Lacerda, age 54, is an experienced independent non-executive director who serves on the boards of listed
companies in the United States, Brazil and China. Since January 2023, she has served as an independent
director of PagSeguro Digital Ltd. (NYSE: PAGS), where she is the designated financial expert on the audit
committee. Since October 2021, she has served as an independent director of IHS Holding Limited (NYSE:
IHS), where she serves on the health, safety and environment committee and, since October 2025, the
remuneration committee.
She also serves as an independent director of Vivara Participações S.A. (B3: VIVA3), BB Seguridade
Participações S.A. (B3: BBSE3) and China Three Gorges Brasil. Ms. Lacerda previously served as an
independent director and chair of the audit committee of Rumo S.A. (B3: RAIL3) and as an independent director
and member of the statutory audit committee of Hypera S.A. (B3: HYPE3). She was previously head of
investment banking for Brazil at UBS and held senior positions at Merrill Lynch, Deutsche Bank and Unibanco.
She holds an MBA in finance from Columbia Business School.
Mr. Oates is expected to be appointed to the Audit and Risk Committee. The Board determined that Mr. Oates
is independent under the applicable rules of Nasdaq and the SEC and qualifies as an “audit committee financial
expert” as defined by applicable SEC rules.
Mr. Oates, age 53, is a seasoned leader and governance, audit, risk and regulatory compliance expert with
significant international experience in financial services. He previously served in various leadership positions at
UBS, including as Chief Audit Executive, Chief Compliance Officer and Global Head of Compliance &
Operational Risk Control. Mr. Oates serves on the boards of Aison Technologies AG, Iona Preparatory School
and Raisin SE, where he is also chair of the audit and risk committee, and chairs the audit, risk, governance &
compliance committee of Dilmon LLC. Since July 2019, he has been Principal of Eventum Risk Advisors LLC.
He has served as Strategic Advisor to Grant Thornton LLP since October 2023 and to NextWave since
November 2024. Mr. Oates received a Bachelor of Business Administration Honors degree in Finance from Iona
University. He is Directorship Certified by the National Association of Corporate Directors (“NACD”) and certified
in Cyber Risk Oversight by the NACD and Carnegie Mellon University.
Further details are set out in the Current Report on Form 8-K filed by the Company with the U.S. Securities and
Exchange Commission (“SEC”) on September 29, 2026, which is available on the SEC’s website.
About Lesaka Technologies, Inc. (www.lesaka.tech)
Lesaka operates a South African fintech company driven by a purpose to provide financial services, software
and other business services to Southern Africa's underserviced consumers and merchants. We offer an
integrated and holistic multiproduct platform that provides transactional accounts, lending, insurance, merchant
acquiring, cash management, software and Alternative Digital Products (“ADP”). We provide targeted solutions
and integrations to facilitate payments between consumers, merchants, and enterprises. By providing a full-
service fintech platform in our connected ecosystem, we facilitate the digitization of commerce in our markets.
Lesaka has a primary listing on NASDAQ (NASDAQ:LSAK) and a secondary listing on the Johannesburg Stock
Exchange (JSE: LSK). Visit www.lesaka.tech for additional information about Lesaka.
Investor Relations and Media Relations Contacts:
Idris Dungarwalla
Email: idris.dungarwalla@lesakatech.com
Media Relations Contact:
Ian Harrison
Email: Ian@thenielsennetwork.com
Johannesburg
September 30, 2026
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 30/09/2026 07:05:00
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