Notification of Update in Relation to Lewis Group Limited's ZAR2,000,000,000 Domestic Medium Term Note Programme Lewis Group Limited Incorporated in the Republic of South Africa Registration number: 2004/009817/06 JSE share code:LEWI (the “Issuer”) NOTIFICATION OF UPDATE IN RELATION TO LEWIS GROUP LIMITED’S ZAR2,000,000,000 DOMESTIC MEDIUM TERM NOTE PROGRAMME In terms of the JSE Limited’s (JSE) Debt Listings Requirements, Noteholders are advised that the Issuer’s ZAR2,000,000,000 Domestic Medium Term Note Programme, unconditionally and irrevocably guaranteed by Lewis Stores Proprietary Limited (as Initial Guarantor), originally dated 23 October 2013 has been updated by an amended and restated Programme Memorandum, which was registered with the JSE on 22 February 2019 (the “Programme Memorandum”). The Programme Memorandum is available for inspection on the Issuer’s website at the following link: http://www.lewisgroup.co.za/wp-content/uploads/2019/02/Lewis-Group-Limited-DMTN- Update_Programme-Memorandum_2019.02.21-signed.docx.pdf The update of the Programme Memorandum included: - The terms and conditions have been updated for the following: - for amendments to the JSE Debt Listings Requirements (the Requirements), which includes but is not limited to, amendments to cater for the Part 1A of 2018 amendments to the Requirements and for paragraphs 7.26 and 7.27 of the Requirements; - The Risk Factors section has been removed from the Programme Memorandum and will be published on the Issuer’s website at http://www.lewisgroup.co.za/wp-content/uploads/2019/02/Lewis-Group-Limited- DMTN_Issuer-Disclosure-Document.pdf; - The Description of the Issuer section, including, but not limited to, its business, management, directors and corporate governance disclosure has been removed from the Programme Memorandum and will be published on the Issuer’s website at http://www.lewisgroup.co.za/wp-content/uploads/2019/02/Lewis- Group-Limited-DMTN_Issuer-Disclosure-Document.pdf; and - the South African Exchange Control section has been removed from the Programme Memorandum and will be published on the Issuer’s website at http://www.lewisgroup.co.za/wp-content/uploads/2019/02/Lewis-Group-Limited-DMTN_Issuer-Disclosure-Document.pdf 26 February 2019 Debt Sponsor Absa Bank Limited, acting through its Corporate and Investment Banking division Date: 26/02/2019 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.