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JDG / SHF - Steinhoff / - JD Group - Joint Cautionary Announcement

Release Date: 08/03/2007 10:16
Code(s): JDG SHF SHFF
Wrap Text

JDG / SHF - Steinhoff / - JD Group - Joint Cautionary Announcement Steinhoff International Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1998/003951/06) (Share Code: SHF ISIN:ZAE000068367) ("Steinhoff") JD Group Limited (Incorporated in the Republic of South Africa) (Registration number 1981/009108/06) (Share Code: JDG ISIN:ZAE000030771) ("JDG") JOINT CAUTIONARY ANNOUCEMENT The shareholders of Steinhoff and JDG are advised that the management of the companies are in discussions to consider a merger of the two groups and subsequently to undertake a significant Black Economic Empowerment transaction ("the proposed merger"). If the proposed merger is successfully concluded it may have an effect on the market price at which the Steinhoff and JDG shares trade. Accordingly, Steinhoff and JDG shareholders are advised to exercise caution when dealing in their Steinhoff and JDG shares until a further announcement is made. Johannesburg 8 March 2007 Investment bank and transaction sponsor to Steinhoff Investec Bank Logo Investment advisor and transaction sponsor to JDG ABSA Capital Logo Sponsor to Steinhoff & JDG PSG logo Date: 08/03/2007 10:16:05 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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