Steinhoff - Issue Price Of Capitalisation Share Award

STEINHOFF INTERNATIONAL HOLDINGS LTD
(Incorporated in the Republic of South Africa)
(Registration number 1998/003951/06)
(Share code: SHF   ISIN: ZAE000016176)
("the company")
ISSUE PRICE OF CAPITALISATION SHARE AWARD

Shareholders are referred to the results announcement dated 5 September 2001
and the terms of capitalisation share award announcement dated 28 September
2001 and are advised that the issue price of the capitalisation share award
has now been determined.

The issue price, which is the volume weighted average traded price of
Steinhoff's shares on the JSE Securities Exchange South Africa for the five
trading days ended Friday, 26 October 2001, is 775 cents per share.

The entitlement to capitalisation shares will be calculated on the following
basis:
Capitalisation share entitlement

   = number of shares held at the record date (5 October 2001)
      x 12 cents per share
        -------------------
        775 cents per share

Shareholders will receive capitalisation shares in the company unless they
elect by Friday, 2 November 2001, to receive the final cash dividend of 12
cents per share in respect of the year ended 30 June 2001.
  Wynberg, Sandton
  29 October 2001
Sponsor and Investment bank
  Gensec Bank Limited
  (Registration number 1996/004744/06)