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LEW - Lewis Group Limited - Directors` Dealing in Securities Lewis Group Ltd Reg. No. 2004/009817/06 JSE Share Code: LEW ISIN: ZAE000058236 (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 Co-Investment Scheme Senior executives are eligible for an annual bonus based on achievement of performance targets. These eligible executives can elect to invest all or part of their net bonus in Lewis Group shares. These shares are deferred for a specified period (three years) and matching shares equal to the before tax bonus are awarded for no consideration at the end of the period. The shares are provided by the existing employee share trust. The matching share award will lapse, should the executive terminate his or her employment before the completion of the three period other than in the event of death, ill-health, retirement or retrenchment. The following executives elected on 24 June 2008 to invest their net bonus in the company`s shares ("invested shares") and, consequently, matching share awards were awarded to them under the Lewis Co-Investment Plan: Invested Matching Total Executive Designation Shares Share Award Value L.A. Davies Executive 16 345 27 242 R1 466 703 Director, Lewis Group Ltd
J. Enslin Director, 16 345 27 242 R1 466 703 Lewis Stores (Pty) Ltd B. van Director, 10 243 17 072 R 919 150 Aswegen Lewis Stores (Pty) Ltd The invested shares were purchased at an average price of R33,65 and the matching share awards will be received by the scheme participants for no consideration. 2. The Lewis Executive Performance Scheme Share awards have been made to members of senior management of Lewis Group Limited and its trading subsidiary, Lewis Stores (Pty) Ltd. The shares are provided by the existing employee share trust. 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 performance share plan is a three year scheme and the share awards will lapse, should the executive terminate his or her employment before the completion of the three year period. The performance targets are set by the Board in conjunction with the Remuneration and Nomination Committee. These targets are set at the beginning of each of the three years. No performance shares will accrue if the group achieves less than 90% of target. Any achievement between 90% and 100% of target will result in a proportionate accrual of shares weighted towards 100% of target. The following executives have been granted awards on 24 June 2008 under the Lewis Executive Performance Scheme: Maximum No. of Executive Designation Shares (for no Value consideration) L.A. Davies Executive Director, Lewis 35 057 R1 200 Group Ltd 000 J. Enslin Director, Lewis Stores 35 057 R1 200 (Pty) Ltd 000 C. Irwin Director, Lewis Stores 26 585 R910 000 (Pty) Ltd B. van Director, Lewis Stores 27 220 R931 728 Aswegen (Pty) Ltd All the directors interest in the above transactions are direct beneficial. The requisite clearances have been obtained. Cape Town 26 June 2008 Date: 26/06/2008 16:30:01 Supplied by www.sharenet.co.za 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.
