Lewis Group referred to National Consumer Tribunal

9 July 2015

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration number: 2004/009817/06
JSE share code: LEW

(“the group” or “the company”)

LEWIS GROUP REFERRED TO NATIONAL CONSUMER TRIBUNAL

Shareholders are advised that the National Credit Regulator (“NCR”) has referred two of Lewis Group’s operating subsidiaries, Lewis Stores and Monarch Insurance Company Limited, to the National Consumer Tribunal (“Tribunal”) for alleged breach of the National Credit Act.

This referral relates to three cases of the sale of retrenchment cover to pensioners and self-employed consumers, or the sale of disability cover to pensioners under credit life insurance contracts.

The NCR has requested the Tribunal to order refunds to the customers impacted by the sale of these insurance products, to undertake an audit and to impose an administrative fine of R10 million on the company.

The directors and management of Lewis Group are committed to cooperating fully with the Tribunal to ensure satisfactory resolution of the case.

The group undertakes to keep investors updated on developments relating to the Tribunal’s investigations.

Cape Town

Statement issued by Lewis Group through the JSE SENS Service, July 9 2015