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SHF/UTR - Steinhoff/Unitrans - In Specie Distribution by Unitrans and the Ultimate Share Exchange Steinhoff International Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number 1998/003951/06) Share code: SHF ISIN: ZAE000016176 ("Steinhoff") Unitrans Limited (Incorporated in the Republic of South Africa) (Registration Number 1967/003403/06) Share code: UTR ISIN: ZAE000007670 ("Unitrans" or "the company") (in voluntary liquidation) IN SPECIE DISTRIBUTION BY UNITRANS OF THE UNITRANS LOAN ACCOUNT CLAIM AND THE ULTIMATE SHARE EXCHANGE Shareholders are referred to the circular to Unitrans shareholders dated 22 March 2007 and the joint announcements dated 23 March 2007 and 7 May 2007 respectively, wherein details of the disposal by Unitrans of its entire business as a going concern to a subsidiary of Steinhoff ("the disposal") and ancillary transactions were set out. In anticipation of the ultimate share exchange as set out in the abovementioned circular, the JSE Limited ("JSE") has approved the listing of a further 8 531 528 ordinary shares in the share capital of Steinhoff with effect from the commencement of trade on Monday, 28 May 2007 in finalisation of the disposal. Unitrans shareholders are advised that the record date for the in specie distribution of the Unitrans loan account claim was 25 May 2007. The Unitrans shareholders who participated in the ultimate share exchange will have been deemed to have ceded their Unitrans loan account claim in exchange for Steinhoff shares on the basis of receiving 2 Steinhoff shares for every Unitrans share held. For record purposes Unitrans shareholders are advised that the value of the loan account so distributed amounted to 5002.89 cents per share. This distribution per share comprises a capital distribution of 1478.61 cents and a dividend of 3524.28 cents. Unitrans shareholders are reminded that Unitrans was placed in voluntary liquidation on 11 May 2007 and its listing was suspended with effect from Monday, 21 May 2007. The listing will be terminated from commencement of trade on Tuesday, 29 May 2007. Johannesburg 28 May 2007 Corporate adviser and sponsor PSG Capital Date: 28/05/2007 15:01:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
