LEW - Lewis - Results of AGM and statement by Chief Executive Officer

LEW - Lewis - Results of AGM and statement by Chief Executive Officer           
LEWIS GROUP LIMITED                                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number:  2004/009817/06)                                          
JSE share cost code:  LEW                                                       
ISIN:  ZAE000058236                                                             
("Lewis" or "the company")                                                      
1.   Approval of Resolutions                                                    
At the annual general meeting of the Lewis Group shareholders held on Friday 3  
August 2007, the special resolution and all the ordinary resolutions contained  
in the notice of the meeting dated 21 May 2007 were passed with the requisite   
majorities.                                                                     
2.   Statement by Chief Executive Officer                                       
The following statement was made by the Chief Executive Officer, Alan Smart, at 
the Annual General Meeting:                                                     
"REVENUE                                                                        
The first four months ended July 2007 can be split into three distinct revenue  
patterns:                                                                       
Revenue for April and May up 11% on last year                                   
Revenue for June up 7% on last year                                             
Revenue for July up 11% on last year (estimate as month ends on 5th August      
2007).                                                                          
The implementation of the National Credit Act on 1st June 2007 did as expected  
have an impact on revenue for the first two weeks as both the consumer and our  
staff adjusted to the requirements of the new act.                              
The public service strike in June was an additional challenge.                  
However the second half of June recovered well resulting in the reversal of the 
early June revenue shortfalls.   July results have been encouraging and with the
introduction of a new merchandise range in August together with strong          
advertising promotions, we are optimistic that we will continue to trade        
positively in the upcoming months.                                              
DEBTORS BOOK                                                                    
The overall condition of the book has not shown any material deterioration      
during the first four months.  June collections were however slightly down on   
budget as a result of the public service strike.  The credit application decline
rate has remained constant at 22% of new applications.                          
SHARE BUY BACK PROGRAMME                                                        
The share buy back programme has continued during the period with a further 1.7%
of shares being repurchased.   The total shares repurchased amount to 9.2% of   
the issued share capital."                                                      
The above information has not been reviewed or reported on by the company`s     
auditors.                                                                       
Cape Town                                                                       
3 August 2007                                                                   
Sponsor:  UBS South Africa (Pty) Ltd                                            
Date: 03/08/2007 10:41:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.