Favourable Judgment For Lewis In Referral By National Credit Regulator To National Consumer Tribunal Lewis Group Limited Incorporated in the Republic of South Africa Registration number 2004/009817/06 JSE share code: LEW ISIN: ZAE00058236 (“Lewis” or “the group”) FAVOURABLE JUDGMENT FOR LEWIS IN REFERRAL BY NATIONAL CREDIT REGULATOR TO NATIONAL CONSUMER TRIBUNAL Shareholders are advised that today the National Consumer Tribunal (“NCT”) handed down judgment in Lewis’ favour in the matter between the National Credit Regulator (“NCR”) and Lewis Stores (Pty) Ltd (“Lewis”), which the NCR initiated in 2016 in relation to the issues of club fees and extended warranties. In a majority judgment, the NCT found that: • The National Credit Act (“Act”) does not prevent credit providers from offering the services of a club to consumers, provided these services are not part of the “cost of credit”. It was found that the club fees charged by Lewis do not form part of the cost of credit of any credit agreement between Lewis and its customers; • The Act provides that Lewis may include the cost of an extended warranty as part of its fees and charges in its credit agreements with consumers and does not prescribe the terms and conditions of the extended warranty offered by Lewis to its customers. Accordingly, the NCT dismissed the application of the NCR against Lewis. A copy of the judgment can be requested from Ms Diane Rafferty at our Head Office. diane.rafferty@lewisgroup.co.za Cape Town 5 June 2017 Sponsor: UBS South Africa Proprietary Limited Date: 05/06/2017 03:45:00 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.