LEW
LEW
Lewis Group Limited - Director"s share award
Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code: LEW
ISIN: ZAE000058236
(Lewis or the "Company")
DIRECTOR"S SHARE AWARD
In compliance with the requirements 3.63 to 3.74 of the JSE Listings
Requirements, the following should be noted:
The Lewis Executive Performance Scheme
Share awards are made to members of senior management of Lewis Group
Limited and its trading subsidiary, Lewis Stores (Pty) Ltd. The shares are
provided by the existing employee share trust.
In terms of the scheme, executives have been offered the right to acquire
shares of the company for no consideration subject to the achievement of
performance targets. The performance share plan will be a three year
scheme.
The performance targets are set by the Board in conjunction with the
Remuneration and Nomination Committee. These targets will be set at the
beginning of each of the three years.
No performance shares will accrue if the group achieves less than 90% of
target. Any achievement between 90% and 100% of target will result in a
proportionate accrual of shares weighted towards 100% of target.
The following executive has been granted an award on 1 December 2006 under
this scheme:
Maximum Number
Executive Designation of Shares (for Value
no
consideration)
B.van Aswegen Director - 9 900 R 585 288
Lewis Stores Pty) Ltd
The requisite clearance has been obtained.
Cape Town
4 December 2006
Date: 04/12/2006 05:05:10 PM Produced by the JSE SENS Department
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