LEWIS GROUP LIMITED - Lewis: Demand received from Mr David Woollam

Lewis: Demand received from Mr David Woollam

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration number 2004/009817/06
JSE share code: LEW
ISIN: ZAE00058236
JSE share code: LEW 01
ISIN: ZAG000110222
(“Lewis” or “the group”)

LEWIS: DEMAND RECEIVED FROM MR DAVID WOOLLAM

Shareholders are advised that Mr David Woollam has addressed a letter to the
Lewis board of directors demanding that Lewis commences with proceedings to
declare Johan Enslin (Chief executive officer), Les Davies (Chief financial
officer), David Nurek (Independent non-executive chairman) and Hilton Saven
(Independent non-executive director), delinquent directors in accordance with
the provisions of section 165, as read with section 162, of the Companies Act,
71 of 2008 (as amended) (“Companies Act”).

Lewis has appointed an independent sub-committee of the board to consider the
allegations by Mr Woollam levelled against the aforementioned directors, and
having taken advice from Lewis’s legal advisors, it is Lewis’s intention to
apply to court for the setting aside of Mr Woollam’s demand in terms of section
165(3) of the Companies Act on the grounds that it is frivolous, vexatious and
without merit.

Cape Town

1 June 2016

Sponsor: UBS South Africa Proprietary Limited
Debt Sponsor: Absa Bank Limited (acting through its Corporate and Investment
Bank division)

Legal Advisors: ENSafrica

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