Steinhoff - Results Of The Capitalisation Share Award

STEINHOFF INTERNATIONAL HOLDINGS LTD
  (Incorporated in the Republic of South Africa)
  (Registration number 1998/003951/06)
  (Share code: SHF   ISIN: ZAE000016176)
  ("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 or the cash dividend in
lieu thereof made to shareholders registered on Friday, 5 October 2001
closed at 12:30 on Friday, 2 November 2001. Elections to receive the cash
dividend of 12 cents per share were made in respect of 222 411 590 ordinary
shares, totalling an aggregate cash dividend of R26 689 390,80. Cash

payments in respect of fractional entitlements to capitalisation shares,
which amount to R5,00 or more per individual shareholder, will be made in
the aggregate amount of R2 716,07. In addition, an amount of R1 811,71 in
respect of other fractional entitlements will be donated to the Nelson
Mandela Children's fund.

Accordingly, 9 673 123 new ordinary shares in the company (being 73,75% of
the maximum number of capitalisation shares that were the subject of the
capitalisation share award) will be issued and listed on the JSE Securities
Exchange South Africa with effect from the commencement of trading on
Wednesday, 7 November 2001.

Share certificates in respect of the capitalisation shares and cheques in
respect of the dividend or fractional entitlements will be dispatched to
shareholders on Wednesday, 7 November 2001.
  Wynberg, Sandton
  6 November 2001
Sponsor and Investment bank
  Gensec Bank Limited
  (Registration number 1996/004744/06)