Voluntary announcement Lewis Group Limited Incorporated in the Republic of South Africa Registration number: 2004/009817/06 JSE share code: LEW ISIN: ZAE000058236 (“Lewis Group” or “the group”) VOLUNTARY ANNOUNCEMENT – THE PURCHASE OF ELLERINES AND BEARES BUSINESSES IN NAMIBIA, LESOTHO, BOTSWANA AND SWAZILAND: TRANSACTION UNCONDITIONAL Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on 9 November 2015 regarding the acquisition by Lewis subsidiaries incorporated in each of Namibia, Lesotho, Botswana and Swaziland of businesses trading under the “Ellerines” and “Beares” brands from the relevant in-country subsidiaries of Ellerine Services Proprietary Limited (a wholly owned subsidiary of Ellerine Furnishers Proprietary Limited (currently in Business Rescue)). The group’s board of directors is pleased to advise that all suspensive conditions relating to the acquisitions have been fulfilled and that the transaction is now unconditional. The transaction includes the acquisition of 57 Ellerines and Beares stores in Namibia (21 stores), Botswana (20), Lesotho (10) and Swaziland (6). The stores in Botswana and Lesotho have already been incorporated into the group’s operations, with the Swaziland stores due to be integrated in early April and the Namibian stores in early May. The stores will trade under either the Lewis or Beares brands. The transaction will expand the group’s presence outside South Africa to 120 stores, equivalent to 15% of the total store base. Chief executive officer, Johan Enslin, commented: “The addition of these Beares stores in southern Africa will further improve buying power and bring immediate scale benefits. We expect the new stores to make a meaningful contribution to the group’s profitability in the medium term.” “The acquisition of these stores will provide Lewis with access to new segments of the furniture retail market and also expand our existing customer base in each of these countries. Lewis has operated in these four countries for over 50 years so has extensive experience in these markets and a thorough understanding of the trading environments.” Cape Town 23 March 2016 Sponsor UBS South Africa (Pty) Ltd Date: 23/03/2016 10:25:00 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.