LEWIS GROUP LIMITED - Dealings in Securities by Directors and Directors of Major Subsidiary

Dealings in Securities by Directors and Directors of Major Subsidiary

Lewis Group Limited
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE000058236
Bond Code: LEWI


("Lewis" or the "Company")


Dealings in Securities by Directors and Directors of Major Subsidiary


In compliance with the paragraphs 6.78 to 6.90 of the JSE Listings
Requirements, the following should be noted:


1.    The Lewis 2021 and 2019 Executive Performance Schemes – Vesting
      of Awards


The 3 year short term share awards granted to the directors on 5 June 2023
(refer to SENS announcement dated 9 June 2023) vested on 5 June 2026. The
awards referred to above that vested are as follows:


                                                       Share     Total
 Executive       Designation                           Awards    Value
                                                       Vested
 J. Enslin       Executive Director, Lewis Group Ltd 289 285     R 27 048 148
 J. Bestbier     Executive Director, Lewis Group Ltd 125 933     R 11 774 736
 W. Achmat       Director, Lewis Stores (Pty) Ltd     66 744     R 6 240 564
 D.M. Oliphant   Director, Lewis Stores (Pty) Ltd     71 362     R 6 672 347



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 93.50,
being the closing price on 4 June 2026.
2.        Sale of Shares


The executive directors have sold ordinary shares on 8 June 2026 at a price of
R 91.9233 to settle the tax on the vesting of awards as follows:


                                                          No.      of Total
 Executive          Designation                           Shares      Value

 J. Enslin          Executive Director, Lewis Group Ltd   138 857     12 764 194

 J. Bestbier        Executive Director, Lewis Group Ltd   60 448      5 556 580

 W. Achmat          Director, Lewis Stores (Pty) Ltd      32 037      2 994 947

 D.M. Oliphant      Director, Lewis Stores (Pty) Ltd      34 254      3 148 741




3.        Short Term Awards – Lewis Executive Performance Schemes


In terms of the Lewis 2025 Executive Performance Scheme and the 2023
Executive Performance Scheme, executives have been offered the right to
acquire shares of the Company for no consideration subject to the
achievement of performance targets. The share awards under this scheme will
lapse, should the executive terminate his or her employment before the
completion of the period of the award, other than in the event of death, ill-
health, retirement or retrenchment.


The Committee have agreed to grant the executives a three-year award (short
term award as defined in the various scheme rules) under this scheme, details
which are set out below.


The performance targets are set by the Committee at the beginning of the each
of the three years and are based on a weighting set for each executive
depending on their daily employment responsibilities, of the following:


  -   Headline earnings per share;
  -   Quality of the debtors book;
  -   Gross margin.


The following executive directors have been granted awards on 8 June 2026
under the Lewis 2025 Executive Performance Scheme and the 2023 Executive
Performance Schemes:


                                                         Maximum No.        Implied
 Executive      Designation                              of shares for      Value
                                                         no
                                                         consideration
 J. Enslin      Executive Director, Lewis Group Ltd           211 139           19 600 000

 J. Bestbier    Executive Director, Lewis Group Ltd           80 147             7 440 000


 W. Achmat      Director, Lewis Stores (Pty) Ltd              42 210             3 910 000

 D.M. Oliphant  Director, Lewis Stores (Pty) Ltd              45 459             4 220 000


The above values are implied values based on a market price of R92.83,
determined as an average of the last three trading day's closing price before the
award date calculated in terms of the rules of the scheme.


All 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
10 June 2026


Sponsor: The Standard Bank of South Africa Limited


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

Date: 10-06-2026 05:19:00
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