Three months ended

September 30,

2021

2020

(in thousands except

percent and

per share data)

Numerator:

Net loss attributable to Net1

$

(12,994)

$

(28,958)

Undistributed (loss) earnings

$

(12,994)

$

(28,958)

Percent allocated to common shareholders (Calculation 1)

99

98

Numerator for (loss) earnings per share: basic and diluted

(12,915)

(28,443)

Continuing

(12,915)

(28,443)

Denominator

Denominator for basic (loss) earnings per share:

weighted-average common shares outstanding

56,332

56,104

Denominator for diluted (loss) earnings per share: adjusted weighted average common shares outstanding and assuming conversion

56,463

56,104

(Loss) Earnings per share:

Basic

$

(0.23)

$

(0.51)

Diluted

$

(0.23)

$

(0.51)

(Calculation 1)

Basic weighted-average common shares outstanding (A)

56,332

56,104

Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B)

56,678

57,119

Percent allocated to common shareholders (A) / (B)

99

98