LEWIS GROUP LIMITED - Woollams first demand in terms of section 165(2) of the Companies Act

Woollam’s first demand in terms of section 165(2) of the Companies Act

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration number 2004/009817/06
JSE share code: LEW
ISIN: ZAE00058236


WOOLLAM’S FIRST DEMAND IN TERMS OF SECTION 165(2) OF THE COMPANIES ACT

1. On 1 November 2016, David Woollam (“Woollam”) applied for leave to appeal the judgment and order
   of the Western Cape High Court (“the Court”), which set aside Woollam’s first demand addressed to
   Lewis Group (“Lewis”) on 20 May 2016, for Lewis to commence with proceedings to declare four of its
   directors delinquent, in accordance with the provisions of section 165 of the Companies Act 71 of 2008.

2. Woollam’s application for leave to appeal was heard on 8 December 2016 and that application was
   refused by the Court on 9 December 2016.

3. Woollam petitioned the Supreme Court of Appeal (“the SCA”) for leave to appeal the judgment, and
   Lewis was informed by the SCA on 4 April 2017 that Woollam has been granted leave to appeal.

4. In light of the aforegoing, shareholders are advised that in the event of Woollam proceeding with an
   appeal, such appeal will be opposed by Lewis.



Cape Town
4 April 2017

Sponsor: UBS South Africa Proprietary Limited

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