LEWIS GROUP LIMITED - Supreme Court of Appeal Rules in Favour of Lewis and Dismisses the NCR Appeal

Supreme Court of Appeal Rules in Favour of Lewis and Dismisses the NCR Appeal

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration number 2004/009817/06
JSE share code: LEW
ISIN: ZAE000058236
Bond Code: LEWI
(“Lewis Group”)

SUPREME COURT OF APPEAL RULES IN FAVOUR OF LEWIS AND DISMISSES THE
NATIONAL CREDIT REGULATORS’ APPEAL IN RELATION TO LEWIS’ EXTENDED
WARRANTIES AND CLUB FEES


With regard to the matter between the National Credit Regulator (“NCR”) and Lewis Stores
(Pty) Ltd (“Lewis”) in relation to the issues of Club Fees and Extended Warranties,
shareholders are referred to the announcements released on SENS on 5 June 2017, 30
April 2018 and 2 August 2018.

We are pleased to announce that on 13 December 2019, the Supreme Court of Appeal
dismissed the NCR’s appeal (against the North Gauteng High Court’s judgment in favour of
Lewis) with costs, including the costs of two counsel.

A copy of the Supreme Court of Appeal’s order and judgment can be requested from
Mr. Ryan Lepart by email on RyanL@lewisgroup.co.za.


Cape Town
13 December 2019

Equity Sponsor:
UBS South Africa (Pty) Ltd

Debt Sponsor:
Absa Bank Limited, acting through its Corporate and Investment Banking Division

Date: 13-12-2019 03:20:00
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.