STEINHOFF INTERNATIONAL HOLDINGS LIMITED - ISSUE PRICE OF CAPITALISATION SHARE

STEINHOFF INTERNATIONAL HOLDINGS LIMITED - ISSUE PRICE OF CAPITALISATION SHARE  
AWARD                                                                           
STEINHOFF INTERNATIONAL HOLDINGS LIMITED                                        
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1998/003951/06)                                            
Share code:  SHF;       ISIN : ZAE000016176                                     
("Steinhoff" or "the Company")                                                  
ISSUE PRICE OF CAPITALISATION SHARE AWARD                                       
Shareholders are referred to the results announcement dated 9 September 2002 and
the terms of the capitalisation share award announcement dated 11 October 2002  
and are advised that the issue price of the capitalisation share award has now  
been determined.                                                                
The issue price, (which is the lower of the volume weighted average traded price
of Steinhoff`s shares on the JSE Securities Exchange South Africa for the three 
trading days ending and including Thursday 17 October 2002, being  701.5221 cps,
and 680 cps), is 680 cps.                                                       
Based on the issue price referred to above, for every one share held on the     
record date (1 November 2002) the number of shares to which a shareholder will  
be entitled is 0,02595 shares (and for every one hundred shares is 2,595        
shares), subject to the rounding procedure contained in the circular issued 11  
October 2002.                                                                   
Shareholders will receive capitalisation shares in the company unless they elect
by Friday, 1 November 2002 to receive the final cash dividend of 15 cents per   
share in respect of the year ended 30 June 2002.                                
Wynberg, Sandton                                                                
17 October 2002                                                                 
SPONSOR                                                                         
GENSEC BANK LIMITED                                                             
(Registration number 1996/004744/06)                                            
Date: 17/10/2002 05:43:00 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department