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LEWIS GROUP LIMITED - STATEMENT BY CHIEF EXECUTIVE OFFICER

Release Date: 17/08/2012 10:46
Code(s): LEW     PDF:  
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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")


STATEMENT BY CHIEF EXECUTIVE OFFICER


The following trading update was provided by the Chief Executive
Officer, Johan Enslin, to shareholders at the company’s annual general
meeting held in Cape Town today:

“Trading in April was challenging mainly as a result of the Easter
holiday period.    However, sales improved steadily from May onwards,
with sales for June and July showing an increase of 6% for the two
months. Sales for the four months ended July 2012 increased by 5% over
the corresponding period.

Collections during April were also affected by the holidays but have
improved since May. This has resulted in debtor costs for the quarter
to June 2012 of R134.8 million which is consistent with the figure for
the corresponding period last year.”

Cape Town
17 August 2012

Sponsor: UBS South Africa (Pty) Ltd

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