SHF - Steinhoff - BCM acquisition becomes unconditional

SHF - Steinhoff - BCM acquisition becomes unconditional                         
STEINHOFF INTERNATIONAL HOLDINGS LIMITED                                        
(Incorporated in the Republic of South Africa)                                  
(Registration no. 1998/003951/06)                                               
Ordinary share code: "SHF"                                                      
ISIN: ZAE000016176                                                              
("Steinhoff")                                                                   
BCM ACQUISITION BECOMES UNCONDITIONAL                                           
Further to the related reference under "Corporate Activity" in the results      
announcement of Steinhoff dated 10 September 2007, shareholders are advised     
that the acquisition by Steinhoff Africa Holdings (Pty) Limited, or its         
nominated subsidiary, of the businesses from Geros Beteiligungs AG ("Geros"),   
excluding Buffalo Textiles (Pty) limited, has now become unconditional.  The    
net purchase consideration amounts to R120,8 million and have been satisfied    
by the allotment and issue of 5 139 902 new Steinhoff shares at an issue price  
of 2351 cps ("the issue price").                                                
Geros is ultimately controlled by Mr CE Daun, a non-executive director of       
Steinhoff.  All of the 3 801 605 Steinhoff shares accruing to Geros under this  
transaction have been placed as a vendor consideration placing with non-        
resident investors for cash at the issue price.                                 
A listing for all of the consideration shares have been granted on the JSE      
Limited with effect from 06 November 2007.                                      
Wynberg, Sandton                                                                
6 November 2007                                                                 
Sponsor - PSG Capital (Pty) Ltd                                                 
Date: 06/11/2007 12:22:01 Supplied by www.sharenet.co.za                     
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