LEWIS GROUP LIMITED - LEW01 - Lewis Group referred to the National Consumer Tribunal

LEW01 - Lewis Group referred to the National Consumer Tribunal

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration number: 2004/009817/06
Bond code: LEW01
ISIN: ZAG000110222
(“Lewis” or “the group”)

LEWIS GROUP REFERRED TO NATIONAL CONSUMER TRIBUNAL

Shareholders are advised that the National Credit Regulator (“NCR”) has referred Lewis’ operating
subsidiary, Lewis Stores Proprietary Limited (“Lewis Stores”), to the National Consumer Tribunal
(“Tribunal”) for alleged breach of the National Credit Act (“NCA”).

The referral relates to:

- the costs charged by Lewis Stores under certain maintenance agreements concluded with its customers
since 2007 (“maintenance costs”), in terms of which they have allegedly been provided with extended
warranty cover, in addition to the cover available to them in terms of supplier and manufacturer warranties
for the same period; and

- certain club membership fees (“club fees”) charged by Lewis Stores to its customers since 2007.

The NCR alleges that the maintenance costs and club fees were charged to customers in contravention of
the NCA and requests the Tribunal to order Lewis Stores to repay the maintenance costs and club fees to
customers.

The NCR further requests that the Tribunal restrains Lewis Stores from charging maintenance costs and
club fees to customers in an unlawful manner in the future and seeks certain ancillary relief, including the
imposition of an administrative fine of 10% of the annual turnover of Lewis Stores.

Having considered the allegations contained in the referral along with Lewis' external legal counsel, Lewis
believes that the allegations are without merit. Accordingly, Lewis has instructed its legal representatives to
oppose the referral on its behalf.

A further announcement will be made as appropriate.

Cape Town
18 April 2016

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

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