Steinhoff International Holdings Limited - Results of the capitalisation share

Steinhoff International Holdings Limited - Results of the capitalisation share  
award                                                                           
Steinhoff International Holdings Limited                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/003951/06)                                            
(Share code: SHF ISIN code: ZAE 000016176)                                      
("Steinhoff" or "the company")                                                  
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 recorded in the register on Friday, 7 November 2003
closed at 12:00 on that date. Elections to receive the cash dividend of 18 cents
per share were made in respect of 185 657 982 ordinary shares, totalling an     
aggregate cash dividend of R33 418 436,76.                                      
Accordingly, approximately 24 352 785 new ordinary shares in the company (being 
80,63% of the maximum number of capitalisation shares that were the subject of  
the capitalisation share award) will be issued. An adjustment to the maximum    
number of capitalisation shares listed will be made on or about Wednesday,12    
November 2003.                                                                  
Share certificates in respect of the capitalisation shares and cheques in       
respect of the dividend entitlements have been dispatched to certificated       
shareholders on Monday, 10 November 2003. The Central Securities Depositary     
Participant accounts of uncertificated Steinhoff shareholders have been updated 
or credited, as the case may be, on Monday, 10 November 2003.                   
Wynberg, Sandton                                                                
10 November 2003                                                                
Sponsor                                                                         
PSG Capital                                                                     
Date: 10/11/2003 05:53:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department