Proceedings in terms of section 165(3) of the Companies Act, 71 of 2008 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” or “the company”) Proceedings in terms of section 165(3) of the Companies Act, 71 of 2008 Following the company’s SENS announcement dated 1 June 2016, in which it advised shareholders that it intended to launch proceedings to set aside a demand that had been received from one of its beneficial shareholders, David Woollam, in terms of Section 165 of the Companies Act, 71 of 2008, to initiate proceedings to declare certain of the company’s directors delinquent, shareholders are advised that such proceedings were initiated yesterday in the Western Cape Division of the High Court, in Cape Town. The basis of the company’s application is that Mr Woollam’s demand is frivolous, vexatious and without merit. The company is seeking costs from Mr Woollam on an attorney–client scale. The company regards Mr Woollam’s demand in terms of Section 165 as the latest in a lengthy list of actions by him calculated to damage the company’s reputation, operations and business. As the company has fully articulated in its founding papers, Mr Woollam held a long standing short position on Lewis’ shares at the time of his campaign against Lewis. It is Lewis’s contention that Woollam’s ongoing campaign against it is a concerted attempt by him to drive down the price of Lewis’s shares in order that he may opportunistically benefit financially by taking short positions in relation to Lewis’s shares. The demand, Lewis submits, should be seen as part of this overall strategy on the part of Woollam. Lewis has filed a complaint in respect of Woollam’s short position with the Financial Services Board (“FSB”). In terms of a press release of 30 March 2016, the FSB has confirmed that it is engaged in an ongoing investigation in respect of suspected insider trading and prohibited practices in relation to shares in Lewis. The Lewis shareholders will continue to be kept abreast of further developments. Cape Town 9 June 2016 Sponsor: UBS South Africa Proprietary Limited Debt Sponsor: Absa Bank Limited (acting through its Corporate and Investment Bank division) Legal Advisors: ENSafrica Date: 09/06/2016 05:35:00 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.