annual financial statements

interest in subsidiary companies - Annexure B
for the year ended 31 March 2006

    2006 2005
  Nature Carrying value   Carrying value  
  of of subsidiaries % of subsidiaries %
  business Rm Holding Rm Holding
Directly held          
Lewis Stores (Pty) Ltd F 2 800.0 100% 2 800.0 100%
Indirectly held          
Incorporated in South Africa          
Barons Furnishers (Pty) Ltd D       100%
Dan Hands (Pty) Ltd D       100%
Kingtimm (Pty) Ltd L   100%   100%
Lewis Stores (Bophuthatswana) (Pty) Ltd D       100%
Lewis Stores (Butterworth) (Pty) Ltd D       100%
Lewis Stores (Mount Frere) (Pty) Ltd D       100%
Lewis Stores (Transkei) (Pty) Ltd D       100%
Lewis Stores (Umzimkulu) (Pty) Ltd D       100%
Lewis Stores (Venda) (Pty) Ltd D       100%
Lifestyle Living (Pty) Ltd F   100%   100%
M. Lewis Estates (Kenilworth) (Pty) Ltd R   100%   100%
M. Lewis Estates (Queenstown) (Pty) Ltd D       100%
M. Lewis Estates (Randfontein) (Pty) Ltd D       100%
Monarch Insurance Co. Ltd I   100%   100%
Incorporated in Botswana          
Lewis Stores (Botswana) (Pty) Ltd F   100%   100%
Lewis Management Services (Botswana) (Pty) Ltd M   100%   100%
Incorporated in Swaziland          
Lewis Stores (Swaziland) (Pty) Ltd F   100%   100%
Incorporated in Namibia          
Lewis Stores (Namibia) (Pty) Ltd F   100%   100%
Lewis Management Services Namibia (Pty) Ltd M   100%   100%
Incorporated in Lesotho          
Lewis Stores (Lesotho) (Pty) Ltd F   100%   100%
Cost of subsidiaries   2 800.0   2 800.0  
Amounts due by subsidiaries          
Lewis Stores (Pty) Ltd   1.4   2.1  
Interest in subsidiaries   2 801.4   2 802.1  

F    Furniture dealer
I  Insurance company
Management services company
R Dormant; in process of being deregistered
Company holding property leases
D Company deregistered in 2006