LEWIS GROUP LIMITED - Appointment of Chief Financial Officer and Executive Director

Appointment of Chief Financial Officer and Executive Director

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration Number: 2004/009817/06
ISIN: ZAE000058236
LEW01 ISIN: ZAG000110222
(“the group”)

APPOINTMENT OF CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR

The board of Lewis Group is pleased to announce the appointment of Jacques
Bestbier as chief financial officer (“CFO”) and an executive director of the group with
effect from 1 April 2018.

Jacques (45) has been CFO-designate of the group since June 2017 and will succeed
Les Davies. Jacques joined the group in 2012 and served as general manager:
administration prior to his appointment as CFO-designate. An experienced chartered
accountant with a background in short-term insurance, banking and retail, Jacques
also spent six years with the Shoprite Group in financial and divisional management
roles.

As advised to shareholders on SENS on 24 May 2017, Les Davies (62) will be retiring
as CFO and as an executive director with effect from 31 March 2018. He will continue
to serve as the chief executive officer of the group’s short-term insurer, Monarch
Insurance.

Chairman Hilton Saven said: “Jacques has a strong background in retail and financial
management, and we believe his credentials are well suited for the strategic role of
CFO. He has worked together with Les Davies over the past nine months to ensure a
smooth transition into his role as CFO. We welcome him as a director and look
forward to his contribution both in managing the group’s finance portfolio and at board
level.”

“Les has served the group with distinction for close on 33 years, joining in 1986 and
became the financial director of Lewis Stores in 1989. He was appointed group CFO
and executive director in 2007. We thank Les for his outstanding contribution to the
growth and development of the group and are grateful that we are retaining his
services to oversee our insurance business.”


Cape Town
29 March 2018

Sponsor
UBS South Africa (Pty) Ltd

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