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


In terms of the Lewis 2019 Executive Retention Scheme, the following executive
directors, elected on 28 August 2023 to exercise their matching share awards
which were granted on 28 August 2020 (refer to SENS announcement dated 3
September 2020):


                                                 Matching          Implied
 Executive        Designation                    Share             Value
                                                 Awards
                                                 Exercised
 J. Enslin        Executive Director,
                  Lewis Group Ltd                102 147           R 3 731 430
 J. Bestbier      Executive Director,
                  Lewis Group Ltd                63 635            R 2 324 586
 D.M. Oliphant Director, Lewis Stores (Pty) Ltd 38 247             R 1 397 163


The awards were acquired off-market for no consideration and are in respect of
ordinary shares. The implied value was calculated using the share price of R
36.53 as at the close of business on 25 August 2023.
2.     Sale of Shares


The executive directors have sold ordinary shares on the open market between
28 August 2023 and 30 August 2023, at a volume weighted average price of R
36.76 with the highest and the lowest prices being R 37.38 and R 36.75
respectively, in order to settle their tax liability on the awards vested above and
to rebalance their portfolios:


                                                        No.    of     Total
 Executive         Designation                          Shares        Value

 J. Enslin         Executive Director, Lewis Group
                   Limited                              82 147        R 3 019 479
 J. Bestbier       Executive Director, Lewis Group
                   Limited                              63 635        R 2 339 033
 D.M. Oliphant     Director, Lewis Stores (Pty) Ltd     59 283        R 2 179 066




3.     Transfer of Shares


The following executive directors have elected to take transfer of shares arising
from share awards under the Lewis 2019 Executive Retention Scheme.


                                                      No.of           Implied
 Executive         Designation
                                                      Shares          Value

                   Executive     Director,    Lewis
 J. Enslin                                            76 181          R 2 782 892
                   Group Limited

                   Executive     Director,    Lewis
 J. Bestbier                                          34 999          R 1 278 513
                   Group Limited


The implied values were calculated using the share price of R36.53, as at the
close of business on 25 August 2023. The transfer will be made off- market.
The transactions as set out in 1 to 3 above were for the direct benefit of the
directors. The requisite clearances have been obtained.


Cape Town
1 September 2023


Sponsor: The Standard Bank of South Africa Limited


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

Date: 01-09-2023 04:03:00
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