LEW - Lewis Group Limited - Results of AGM and statement by Chief Executive

LEW - Lewis Group Limited - 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 code LEW                                                              
ISIN:  ZAE000058236                                                             
("Lewis" or "the company")                                                      
RESULTS OF AGM AND STATEMENT BY CHIEF EXECUTIVE OFFICER                         
1.   APPROVAL OF RESOLUTIONS                                                    
    At the Annual General Meeting of the Lewis Group shareholders held on       
Friday 13 August 2010, all the ordinary resolutions contained in the notice 
    of the meeting dated 19 May 2010 were passed with the requisite majorities. 
2.   STATEMENT BY CHIEF EXECUTIVE OFFICER                                       
    Chief Executive Officer, Johan Enslin, provided the following update on the 
group`s trading performance at the Annual General Meeting:                  
    Against the background of a challenging trading environment it is pleasing  
    to report that merchandise sales continued to show a steady improvement in  
    the four months ended July 2010 and increased by 9% over the corresponding  
period last year.                                                           
    The debtors` book reflects stabilising debtor costs and improving customer  
    payment performance.                                                        
    The rate of increase in debtor costs slowed to 21% (R18 million) for the    
first quarter to 30 June 2010 compared to an increase of 38% (R24 million)  
    reported in the first quarter of the previous financial year.               
    Satisfactory paid customers comprised 72.1% of debtors at the end of the    
    first quarter compared to 70.5% in the same period last year.               
Cape Town                                                                       
13 August 2010                                                                  
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 13/08/2010 11:35:01 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.