Repurchase of shares on the open market Lewis Group Limited Registration Number: 2004/009817/06 Share Code: LEW ISIN Code: ZAE 000058236 (“Lewis” or “the company”) REPURCHASE OF SHARES ON THE OPEN MARKET 1. INTRODUCTION In terms of paragraph 5.79 and 11.27 of the JSE Listing Requirements, shareholders are advised that Lewis has purchased 2 888 600 of its own ordinary shares, being 3% of issued share capital at beginning of share repurchase program ( “original issued share capital”), in terms of the general authority granted by shareholders at the company’s annual general meeting held on 17 October 2017. The company has authority granted at the said annual general meeting to conduct a general repurchase of shares up to 5% of its original issued share capital and, therefore, can repurchase a further 2% of its original issued share capital. The general repurchase was effected through the order book operated by the JSE trading system without any prior understanding or arrangement between Lewis and the counter parties. No shares were repurchased during any prohibited period. The repurchase was funded from available cash resources. 2. DETAILS OF THE REPURCHASE Dates of repurchase of securities: Between 21 November 2017 and 14 June 2018 Highest price paid per Share: R 39.50 Lowest price paid per Share: R 23.12 Number of Shares repurchased: 2 888 600 Value of Shares repurchased: R 82 544 681 The number of Shares which may still be 1 867 211 repurchased by the Company in terms of the General Authority: The percentage of Shares which may still be 2% repurchased by the Company in terms of the General Authority: Total shares in issue after the share 83 010 692 shares repurchase (Note 1): Number of treasury shares held after the Nil. share repurchase Note 1: The 83 010 692 shares reflected above assume that all shares have been delisted by the JSE. At the date of this announcement, 424 242 shares repurchased still need to be delisted by the JSE. Application to delist these shares will be made on 18 June 2018. 3. STATEMENT BY THE DIRECTORS The directors of Lewis confirm that, after considering the effect of the above share repurchases, for a period of 12 months after the date of this announcement: - Lewis and its subsidiaries (“the group”) will be able in the ordinary course of business to pay its debts; - the assets of Lewis and the group will be in excess of the liabilities of Lewis and the group; - the share capital and reserves of Lewis and the group will be adequate for ordinary business purposes; and - the working capital of Lewis and the group will be adequate for ordinary business purposes. 4. IMPACT OF SHARE REPURCHASE PROGRAM ON FINANCIAL INFORMATION The impact of the share repurchase program on the financial statements of the company and the group is not material. The net effect has been a cash outflow of R 82.5 million and a corresponding reduction in shareholder’s equity and will result in the interest earned on the cash resources being forgone in future. Cape Town 15 June 2018 Sponsor: UBS South Africa Proprietary Limited Date: 15/06/2018 04:21:00 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.