The obelisk stands on a cruciform stone plinth, with steps between the pairs of piers leading up to bronze shields.
It is topped by a bronze statue of a winged Victory standing on a globe, facing east towards the fields of Flanders, holding up a laurel wreath.
To one side of the figure of Peace is a bronze shield facing south east, inscribed "IN MEMORY OF / THE MEN OF LEWES / WHO DIED / FOR THEIR COUNTRY / AND FOR MANKIND / IN THE GREAT WAR / 1914 1918".
A quotation from Winston Churchill – "THIS WAS THEIR FINEST HOUR" – was carved into the north face of the obelisk in 1950.
The monument was rededicated in 1981, after plaques listing the names of 127 fallen from the Second World War were added to the north and south faces of the plinth, with an additional inscription added to the south face of the obelisk: "LIKEWISE / REMEMBER / THOSE OF / THIS TOWN / WHO GAVE / THEIR LIVES / IN THE WAR / 1939–1945".