LEWIS GROUP LIMITED - Dealings in Securities by a Director of a Major Subsidiary of the Company

Dealings in Securities by a Director of a Major Subsidiary of the Company

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" or "the Company")


DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF THE COMPANY

In compliance with paragraphs 6.77 – 6.90 of the Listings Requirements of the JSE Limited (the "Listings
Requirements"), we hereby provide the following information regarding dealings in Lewis shares by an
Executive Director of Lewis Stores (Pty) Ltd (a major subsidiary of Lewis Group Limited) as security for his
obligations in terms of a finance agreement entered into by the Executive Director with an institutional lender:

Name of director                             Waleed Achmat
Name of Associate                            ESP Trust – Waleed Achmat ("ESP Trust")
Director's relationship with Associate       Mr Waleed Achmat is the beneficiary of the ESP Trust
Category of Director                         Executive Director
Date of Transaction                          30 March 2026
Company                                      Lewis Stores (Pty) Ltd
On/off market                                Off market
Class of Securities                          Ordinary shares in Lewis Group Limited
Nature of Transaction                        Off-market, American put option over 105 000 ordinary shares
                                             in Lewis, together with related trust and security arrangements,
                                             in terms of which:
                                             • Waleed Achmat has transferred registered title in the ordinary
                                               shares of the Company to the ESP Trust, but retains beneficial
                                               ownership in such shares;
                                             • the hedging counterparty has in turn concluded a scrip loan
                                               with the ESP Trust;
                                             • the strike price is determined with reference to a portfolio of
                                               hedge reference assets; and
                                             • the ESP Trust has pledged the ordinary shares in the Company
                                               to the hedge counterparty as security for physical settlement of
                                               the maximum financial obligation under the hedging
                                               arrangement.

Initial price per share                      R80.94
No. of Shares                                105 000 shares
Notional Value/Transaction Value             R8,498,700.00
Expiry Date                                  15 years, but terminable prior to the 15 year term by Waleed
                                             Achmat on notice
Nature of Interest                           Direct, Beneficial



The requisite clearance was obtained.
Cape Town
31 March 2026

Sponsor: The Standard Bank of South Africa Limited

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

Date: 31-03-2026 05:05:00
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.