STEINHOFF RESULTS OF CAPITALISATION SHARE AWARD

STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 98/03951/06)
("STEINHOFF")

RESULTS OF THE CAPITALISATION SHARE AWARD AND ELECTION TO RECEIVE A FINAL CASH
DIVIDEND IN LIEU THEREOF

THE OFFER TO RECEIVE THE CAPITALISATION SHARE AWARD IN LIEU OF THE CASH
DIVIDEND MADE TO SHAREHOLDERS REGISTERED ON FRIDAY, 1 OCTOBER 1999 CLOSED AT
14:30 ON FRIDAY, 29 OCTOBER 1999. ELECTIONS TO RECEIVE THE CASH DIVIDEND OF 6,2
CENTS PER SHARE WERE MADE IN RESPECT OF 136 600 371 ORDINARY SHARES

(REPRESENTING 17,66% OF THE ISSUED SHARE CAPITAL), TOTALLING AN AGGREGATE CASH
DIVIDEND OF R8 469 223.

ACCORDINGLY, 9 844 993 NEW ORDINARY SHARES IN STEINHOFF WILL BE ISSUED AND
LISTED ON THE JOHANNESBURG STOCK EXCHANGE WITH EFFECT FROM THE COMMENCEMENT OF
BUSINESS ON WEDNESDAY, 3 NOVEMBER 1999.

SHARE CERTIFICATES IN RESPECT OF THE CAPITALISATION SHARES AND CHEQUES IN
RESPECT OF THE DIVIDEND/FRACTIONAL ENTITLEMENTS WILL BE DISPATCHED TO
SHAREHOLDERS TODAY.
BY ORDER OF THE BOARD
FJ NEL
COMPANY SECRETARY
1 NOVEMBER 1999
MERCHANT BANK
THE BUSINESS BANK
ATTORNEYS
DYASON ATTORNEYS
SPONSORING BROKERS
BOE SECURITIES (PTY) LIMITED
REGISTRATION NUMBER 96/15589/07)
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE