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
Bond Code: LEWI

(“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 Executive Performance Scheme

In terms of the Lewis Executive Performance Scheme, the 3 year share awards
granted to the directors on 30 June 2018 (refer to SENS announcement dated 5 July
2018) have vested on 30 June 2021 as follows:
                                                        Share Awards        Implied
     Executive                Designation                  Vested            Value
J. Enslin          Director, Lewis Group Ltd               188 397         R 6 207 681
J. Bestbier        Director, Lewis Group Ltd               114 284         R 3 765 658
W. Achmat          Director, Lewis Stores (Pty) Ltd         92 274         R 3 040 428
D. Loudon          Director, Lewis Stores (Pty) Ltd         95 438         R 3 144 682
D.M. Oliphant      Director, Lewis Stores (Pty) Ltd         87 898         R 2 896 239

The awards were acquired for no consideration and are in respect of ordinary shares.
The implied value was calculated using the share price of R 32.95 at the close of
business on 29 June 2021.

2.      The Lewis Executive Retention Scheme –

In terms of the Lewis Executive Retention Scheme, the following executives elected
to exercise their matching share awards which were granted on 30 June 2018 (refer to
SENS announcement dated 5 July 2018):


                                                 Matching Share               Total
      Executive               Designation           Awards                    Value
                                                   Exercised
 J. Enslin          Director, Lewis Group Ltd       119 154                R 3 926 124
 J. Bestbier        Director, Lewis Group Ltd        48 493                R 1 597 844
 D. Loudon          Director, Lewis Stores (Pty)     61 196                R 2 016 408
                    Ltd
 D.M. Oliphant      Director, Lewis Stores (Pty)     35 251                R 1 161 520
                    Ltd

The awards were acquired for no consideration and are in respect of ordinary shares.
The implied value was calculated using the share price of R 32.95 at the close of
business on 29 June 2021.
3.      Sale of Shares

The directors have sold ordinary shares on the open market between 30 June 2021 and
5 July 2021 at a volume weighted price of R 34.44 with the highest and the lowest
price being R35.24 and R 33.84 respectively, in order to settle their tax liability on the
awards vested above and to rebalance their portfolios:

                                                             No. of
 Executive          Designation                              Shares Value

 J. Enslin          Director, Lewis Group Limited            217 551          R 7 491 673

 J. Bestbier        Director, Lewis Group Limited            189 451          R 6 524 010

 W. Achmat          Director, Lewis Stores (Pty) Ltd         43 369           R 1 493 472

 D. Loudon          Director, Lewis Stores (Pty) Ltd         57 220           R 1 970 451

 D.M. Oliphant      Director, Lewis Stores (Pty) Ltd         41 312           R 1 422 637



4.      Transfer of Shares

The following directors have elected to take transfer of shares arising from the vesting
of share awards.

                                                             No.of         Implied
     Executive                 Designation
                                                            Shares          Value

 J. Enslin          Director, Lewis Group Limited          155 541         R 5 125 076



 W. Achmat          Director, Lewis Stores (Pty) Ltd        48 905         R 1 611 420



 D. Loudon          Director, Lewis Stores (Pty) Ltd       133 075         R 4 384 821



 D.M. Oliphant      Director, Lewis Stores (Pty) Ltd       101 227         R 3 335 430




The implied values were calculated at R32.95. The transfer will be made off- market.
5.     Sale of Shares – Other

The following sale of shares was done by a director to rebalance his portfolio.

Director:                              J. Bestbier
Date of Transaction:                  30 June 2021
No. of Shares:                        11 275
Class:                                Ordinary shares
VWAP of shares sold:                  R 33.65
Highest price per share:              R 34.06
Lowest price per share:               R 33.00
Value of transaction:                 R 379 355
Nature of transaction:                Sale of shares (on-the market transaction)
Nature and extent of interest:        Direct beneficial

Director:                             J. Bestbier
Date of Transaction:                  1 July 2021
No. of Shares:                        10 648
Class:                                Ordinary shares
VWAP of shares sold:                  R 33.90
Highest price per share:              R 34.10
Lowest price per share:               R 33.68
Value of transaction:                 R 360 953
Nature of transaction:                Sale of shares (on-the market transaction)
Nature and extent of interest:        Direct beneficial



Director:                             J. Bestbier
Date of Transaction:                  2 July 2021
No. of Shares:                        10 400
Class:                                Ordinary shares
VWAP of shares sold:                  R 34.50
Highest price per share:              R 35.00
Lowest price per share:               R 34.00
Value of transaction:                 R 358 846
Nature of transaction:                Sale of shares (on-the market transaction)
Nature and extent of interest:        Direct beneficial


All the transactions as set out in 1 to 5 above were for the direct benefit of the
directors. The requisite clearances have been obtained.

Cape Town
6 July 2021
Sponsor: UBS South Africa (Pty) Ltd

Debt Sponsor
Absa Bank Limited, acting through its Corporate and Investment
Banking division

Date: 06-07-2021 04:30:00
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