Trading statement for the 12 months ended 31 March 2021 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” or “the group”) TRADING STATEMENT FOR THE 12 MONTHS ENDED 31 MARCH 2021 Shareholders are advised that Lewis Group expects headline earnings for the 12 months ended 31 March 2021 (“the period”) to be between 116% and 136% higher than the R204.5 million reported for the prior corresponding period. The group posted a strong operational performance for the period despite the first quarter of the financial year being adversely impacted by the Covid-19 lockdown trading restrictions. The good merchandise sales momentum reported for the nine months to December 2020 continued in the fourth quarter to March 2021, driven by robust growth in cash sales across all the group’s brands. The health of the debtors’ book continues to improve, with satisfactory paid accounts increasing for the period and collection rates improving steadily post the lockdown. Debtors’ costs reduced significantly compared to last year when an additional COVID- 19 debtors’ impairment provision of R189.5 million was raised. These factors, together with continued tight expense management, have resulted in the group’s operating profit more than doubling over the prior year. Earnings for the period are expected to be as follows: 12 months ended 12 months ended 31 March 2020 31 March 2021 Reported Expected ranges Earnings per share 232.1c 553 cps – 600 cps 138% to 158% higher Headline earnings per 260.2c 590 cps – 643 cps 127% to 147% higher share The forecast financial information on which this trading statement is based is the responsibility of the directors and has not been reviewed or reported on by the group’s independent auditor. The group’s annual financial results for the year ended 31 March 2021 will be released on SENS on 27 May 2021. Cape Town 12 May 2021 Sponsor UBS South Africa (Pty) Ltd Debt sponsor Absa Bank Limited acting through its Corporate and Investment Banking Division Date: 12-05-2021 07:05:00 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.