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Lewis Group Limited Incorporated in the Republic of South Africa Registration number: 2004/009817/06 Share code: LEW ISIN: ZAE000058236 Bond code: LEWI (“Lewis Group” or “the group”) TRADING UPDATE FOR THE NINE MONTHS ENDED DECEMBER 2025 Lewis Group delivered a solid performance for the nine months to December 2025, with total revenue increasing by 11.1%, driven by strong growth in credit sales and other revenue, despite constrained discretionary consumer spending. Group merchandise sales grew by 7.1%. Credit sales increased by 9.1%, accounting for 69.4% (Dec 2024: 68.2%) of total sales. Cash sales increased by 2.8% for the nine months. Group merchandise sales for the third quarter to December 2025 increased by 7.8%, supported by strong Black Friday sales across all brands, following growth of 8.9% and 4.6% for the first and second quarters respectively. Comparable store sales grew by 4.3% for the nine-month period and 4.9% for the third quarter. Other revenue, consisting of effective interest income and ancillary services income as well as insurance revenue, benefited from the strong credit sales in recent years, increasing by 16.2% for the nine months and 15.2% for the third quarter. The collection rate remained resilient at a satisfactory 78.3% for the nine months (Dec 2024: 79.6%), consistent with the rate reported for the half year to September 2025. Debtor costs grew by 14.8% for the nine-month period and by 16.9% for the third quarter primarily driven by the growth in the debtors book and continued macro-economic pressure on consumers. The financial information in this trading update is the responsibility of the directors and has not been reviewed or reported on by the group’s independent auditor. The group’s annual results for the year to 31 March 2026 are expected to be released on SENS on or about 28 May 2026. Cape Town 27 January 2026 Sponsor The Standard Bank of South Africa Limited Debt Sponsor Absa Corporate and Investment Bank, a division of Absa Bank Limited