LEWIS GROUP LIMITED - Changes to the Board of Directors and Audit Committee

Changes to the Board of Directors and Audit Committee

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration Number: 2004/009817/06
JSE Share Code: LEW
ISIN: ZAE000058236
(“the group”)

CHANGES TO THE BOARD OF DIRECTORS AND AUDIT COMMITTEE

INDEPENDENT NON-EXECUTIVE CHAIRMAN
As communicated to shareholders on SENS on 24 May 2017, independent non-
executive chairman David Nurek advised the board of his plans to retire through a
managed succession plan after serving as a director and chairman since the group’s
listing on the JSE in 2004.

Mr Nurek will retire as a director with effect from 30 November 2017.

The board has elected Hilton Saven to succeed Mr Nurek as chairman effective 30
November 2017. Mr Saven has been an independent non-executive director since
2004 and chairs the group’s audit and risk committees, as well as serving on the
remuneration and nominations committees.

“The board extends its sincere thanks to Mr Nurek for his service to the group over the
past 13 years and for his decisive and insightful leadership of the board.

We congratulate Hilton on his appointment as chairman and believe his experience as
a businessman and company director will ensure continuity in the leadership of the
board.”

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Duncan Westcott has been appointed as an independent non-executive director and
member of the audit committee with effect from 1 December 2017. He has also been
elected as chairman of the audit committee to succeed Mr Saven, following his
appointment as chairman of the board. Mr Saven remains a member of the Audit
committee.

Mr Westcott served as a partner of PricewaterhouseCoopers for over 20 years where
his roles included national staff partner, national head of small business practice and
lead partner of transaction services in the Western Cape. He also has extensive
financial and commercial experience. Mr Westcott is a non-executive director of
Standard Bank Mauritius where he serves as chairman of the audit committee and a
member of the risk and credit committees.

“The board welcomes Duncan and looks forward to benefiting from his vast
experience in the accounting profession and business world.”

BOARD COMPOSITION
Following the above changes the composition of the board is as follows:

Hilton Saven                 Independent non-executive/Chairman
Fatima Abrahams              Independent non-executive
Adheera Bodasing             Non-executive
Daphne Motsepe               Independent non-executive
Alan Smart                   Independent non-executive
Duncan Westcott              Independent non-executive
Johan Enslin                 Executive/Chief executive officer
Les Davies                   Executive/Chief financial officer


Cape Town
30 November 2017

Sponsor
UBS South Africa (Pty) Ltd

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