LEWIS GROUP LIMITED - Directors Dealings in Securities

Directors Dealings in Securities

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


Directors Dealings in Securities


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


1.    The Lewis 2019 Executive Retention Scheme – Exercise of Matching
      Share Option


In terms of the Lewis 2019 Executive Retention Scheme, the following executive
directors, elected on 7 July 2025 to exercise their matching share awards which
were granted on 6 July 2022 (refer to SENS announcement dated 6 July 2022):


                                                        Matching    Total
 Executive        Designation                           Share       Value
                                                        Awards
                                                        Exercised
 J. Enslin        Executive Director, Lewis Group Ltd   144 536     R 11 708 861
 J. Bestbier      Executive Director, Lewis Group Ltd   88 469      R 7 166 874
 W. Achmat        Director, Lewis Stores (Pty) Ltd      69 340      R 5 617 233
 D.M. Oliphant    Director, Lewis Stores (Pty) Ltd      68 635      R 5 560 121



The awards were acquired for no consideration and are in respect of ordinary
shares. The implied value was calculated using the share price of R 81.01 as
at the close of business on 4 July 2025.

2.     The Lewis 2021 and 2019 Executive Performance Scheme – Vesting
       of Short Term Awards


The three year short term share awards granted to the directors on 6 July 2022
(refer to SENS announcement dated 6 July 2022) vested on 7 July 2025. The
awards referred to above that vested in terms of the rules of the scheme are as
follows:


                                                        Share        Total
 Executive       Designation                            Awards       Value
                                                        Vested
 J. Enslin       Executive Director, Lewis Group Ltd    217 457      R 17 616 192
 J. Bestbier     Executive Director, Lewis Group Ltd     94 942      R 7 691 251
 W. Achmat       Director, Lewis Stores (Pty) Ltd        50 398      R 4 082 742
 D.M. Oliphant   Director, Lewis Stores (Pty) Ltd        50 441      R 4 086 225



The awards were acquired for no consideration and are in respect of ordinary
shares. The implied value was calculated using the share price of R 81.01,
being the closing price on 4 July 2025.

3.     The Lewis 2021 Executive Performance Scheme – Vesting of Long
       Term Awards


Five year long term awards were granted to the directors on 6 July 2022 (refer
to the SENS announcement dated 6 July 2022). Five year awards vest
proportionately at the third, fourth and fifth anniversary subject to performance
targets. The awards relating to the third anniversary referred to above that have
vested on 7 July 2025 in terms of the rules of the scheme are as follows:

                                                         Share        Total
 Executive       Designation                             Awards       Value
                                                         Vested
 J. Enslin       Executive Director, Lewis Group Ltd     75 506       R 6 116 741
 J. Bestbier     Executive Director, Lewis Group Ltd     26 373       R 2 136 477
 W. Achmat       Director, Lewis Stores (Pty) Ltd        17 499       R 1 417 594
 D.M. Oliphant   Director, Lewis Stores (Pty) Ltd        17 514       R 1 418 809



The awards were acquired for no consideration and are in respect of ordinary
shares. The implied value was calculated using the share price of R 81.01,
being the closing price on 4 July 2025.


4.     Sale of Shares


The executive directors have sold ordinary shares during the period 7 July 2025
to 9 July 2025 at a volume weighted average price of R 79.8405 with a highest
price of R81.1283 and a lowest price of R77.9670 in order to settle the tax on
the above awards as follows:


                                                           No. of     Total
 Executive        Designation                              Shares     Value

 J. Enslin        Executive Director, Lewis Group Ltd      209 999    R 16 766 425

 J. Bestbier      Executive Director, Lewis Group Ltd      100 696    R 8 039 619

 W. Achmat        Director, Lewis Stores (Pty) Ltd         65 874     R 5 259 413

 D.M. Oliphant    Director, Lewis Stores (Pty) Ltd         65 564     R 5 234 663




All the transactions as set out in 1 to 4 above were for the direct benefit of the
directors. The requisite clearances have been obtained.


Cape Town
11 July 2025
Sponsor: The Standard Bank of South Africa Limited


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

Date: 11-07-2025 03:17:00
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