LEWIS GROUP LIMITED - Directors Dealings in Securities

Directors Dealings in Securities

Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE 000058236
(Lewis or the “Company”)


Directors Dealings in Securities

In compliance with the requirements 3.63 to 3.74 of the JSE Listings
Requirements, the following should be noted:

1.      The Lewis Long Term and Short Term Schemes

In terms of the scheme, executives have been offered the right to
acquire shares of the company for no consideration subject to the
achievement of performance targets.     The share awards under this
scheme will lapse, should the executive terminate his or her
employment before the completion of the period of the award other
than in the event of death, ill-health, retirement or retrenchment.

The Remuneration Committee have agreed to grant the executives a
three year award under this scheme.

The performance targets are set by the Remuneration Committee at the
beginning of the each of the 3 years and are based on a weighting set
for   each   executive    depending   on   their   daily   employment
responsibilities, of the following:

        -   Headline earnings per share
        -   Quality of the debtors book
        -   Gross margin

The following executives have been granted awards on 28 June 2016
under the Lewis Long Term and Short Term Executive Performance
Scheme:

                                              Maximum No. of
     Executive           Designation          Shares (for no          Value
                                              consideration)
J. Enslin         Executive Director, Lewis      149 980             R6 891 581
                  Group Limited
L.A. Davies       Executive Director, Lewis      114 911             R5 280 160
                  Group Ltd
N. Jansen         Director,   Lewis  Stores       76 624             R3 520 873
                  (Pty) Ltd
D. Loudon         Director,   Lewis  Stores       76 737             R3 526 065
                  (Pty) Ltd
R. Oliphant       Director,   Lewis  Stores       63 815             R2 932 299
                  (Pty) Ltd

The above values are deemed values based on a market price of R45.95
calculated in terms of the rules of the scheme.

All the directors interest in the above transactions           are   direct
beneficial. The requisite clearances have been obtained.

Cape Town
4 July 2016

Sponsor: UBS South Africa (Pty) Ltd

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