LSAK LESAKA TECHNOLOGIES INC

“the executive chairman and the group chief financial officer concluded that our disclosure controls and procedures were not effective as of September 30 , 2026.”

“(4) An insufficient number of experienced and trained resources to execute on their internal control responsibilities resulting in inadequate risk assessment, ineffective design, implementation and operating effectiveness of process level controls for processes in the scope of our internal control over financial reporting evaluation.”

“(3) The failure of our Utilities, Lesaka Hospitality, Lesaka Merchant Technologies and Lesaka Payments businesses to comply with our Sarbanes program, specifically insufficient risk assessment and monitoring activities relating to systems and processes, insufficient controls over internal information and information from service organizations, and insufficient design and implementation of ITGCs, controls over service organizations and process level controls, resulting in ineffective process level controls, including a lack of validation of the completeness and accuracy of information used within the process;”

“(2) Our journal entry process, specifically relating to insufficient risk assessment, and ineffective design and implementation of controls including insufficient controls over information resulting in ineffective process level controls including a lack of validation of the completeness of the journal entry population and inadequate validation of the completeness and accuracy of information used within the process;”

“(1) Our Consumer lending, Consumer insurance and Group payroll processes, specifically insufficient risk assessment and monitoring activities relating to changes in or migration of systems and processes, insufficient controls over internal information and information from service organizations, and insufficient design and implementation of ITGCs, controls over service organizations and process level controls, resulting in ineffective process level controls, including a lack of validation of the completeness and accuracy of information used within the processes;”