LEW - Lewis Group Limited - Trading statement by Chief Executive Officer for the

LEW - Lewis Group Limited - Trading statement by Chief Executive Officer for the
quarter June 2011                                                               
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")                                                      
TRADING STATEMENT BY CHIEF EXECUTIVE OFFICER FOR THE QUARTER JUNE 2011          
Trading in the first two months of the 2012 financial year was challenging,     
mainly as a result of the Easter holiday period falling into April this year and
the local government elections which took place in May.  These factors impacted 
both sales and collections.  However, sales recovered in June and July and the  
group posted a 10% increase for the two months. Sales for the four months ended 
July 2011 increased by 6% over the corresponding period.                        
Collections were slow in April and May, but improved in June and July.  We      
continue to raise a provision for the impact of a supreme court of appeal       
judgement delivered on 28 March 2011 relating to credit insurance premiums      
charged under the National Credit Act.  This provision was raised for the first 
time, at the year end March 2011 and is not in the comparative for the quarter  
ended June 2010.  The provision for the quarter ended June 2011, was increased  
by an amount of R11 million.                                                    
As a result of the aforegoing, debtor costs for the quarter ended June 2011     
increased by 28% (R30 million) compared to an increase of 21% (R18 million) for 
the first quarter of the previous financial year.                               
Satisfactory paid customers comprised 72.5% of Debtors at the end of the first  
quarter compared to 72.1% in the same period last year.                         
Cape Town                                                                       
12 August 2011                                                                  
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 12/08/2011 10:00:01 Supplied by www.sharenet.co.za                     
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