LEWIS GROUP LIMITED - Directors Dealing in Securities

Directors’ Dealing in Securities

Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE 000058236
(Lewis or the “Company”)


Lewis Group Limited – Directors’ Dealing in Securities


In compliance with the requirements 3.63 to 3.74 of the JSE Listings
Requirements, the following should be noted:

1.      The Lewis Long Term and Short Term Executive Performance Scheme


In terms of the scheme, executives have been offered the right to
acquire shares of the company for no consideration subject to the
achievement of performance targets.     The share awards under this
scheme will lapse, should the executive terminate his or her
employment before the completion of the period of the award other
than in the event of death, ill-health, retirement or retrenchment.

The Remuneration Committee have agreed to grant the executives a
three year award (ie. a short term award) under this scheme.

The performance targets are set by the Remuneration Committee at the
beginning of the each of the 3 years and are based on a weighting set
for   each   executive    depending   on   their   daily   employment
responsibilities, of the following:

        -   Headline earnings per share
        -   Quality of the debtors book
        -   Gross margin

As is the usual practice of the group, the annual performance targets
set for the year are reported in the Annual Integrated Report for the
following year.


The following executives have been granted awards on 01 June 2017
under the Lewis Long Term and Short Term Executive Performance
Scheme:

                                              Maximum No. of
     Executive           Designation          Shares (for no      Value
                                              consideration)
                  Executive Director, Lewis
     J. Enslin                                   219,498       R 7,149,050
                         Group Limited
                  Executive Director, Lewis
 L.A. Davies                                     168,193       R 5,478,046
                           Group Ltd
                    Director, Lewis Stores
     D. Loudon                                   112,729       R 3,671,584
                           (Pty) Ltd
                    Director, Lewis Stores
     W. Achmat                                   111,166       R 3,620,677
                           (Pty) Ltd
                    Director, Lewis Stores
 R. Oliphant                                      99,902       R 3,253,808
                           (Pty) Ltd
                    Director, Lewis Stores
 J. Bestbier                                     119,107       R 3,879,315
                           (Pty) Ltd

The above values are deemed values based on a market price of R32.57
calculated in terms of the rules of the scheme.


All the directors interest in the above transactions are direct
beneficial. The transactions took place off-market and the requisite
clearances have been obtained.


Cape Town
06 June 2017

Sponsor: UBS South Africa (Pty) Ltd

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