SHF - Steinhoff International Holdings Limited - Capitalisation share award:

SHF - Steinhoff International Holdings Limited - Capitalisation share award:    
Issue price and ratio of entitlement                                            
STEINHOFF INTERNATIONAL HOLDINGS LIMITED                                        
(Incorporated in the Republic of South Africa)                                  
Registration Number:  1998/003951/06                                            
("Steinhoff" or "the company")                                                  
Share Code:  SHF    ISIN:  ZAE000016176                                         
CAPITALISATION SHARE AWARD:  ISSUE PRICE AND RATIO OF ENTITLEMENT               
Shareholders are referred to the announcement of the terms of the capitalisation
share award ("the share award") published on the Securities Exchange News       
Service ("SENS") of the JSE Limited ("the JSE") on 11 November 2009 and in the  
press on 12 November 2009 ("the terms announcement") and are hereby advised that
the issue price of the share award has now been determined.                     
The issue price applicable to the share award is 1832 cents per share, which is 
the volume weighted average traded price per Steinhoff share on the JSE over the
five trading days up to and including Wednesday, 18 November 2009, being the    
last practical date before the finalisation and release of this announcement on 
SENS.                                                                           
Based on the issue price referred to above, the ratio of entitlement to         
capitalisation shares will be 4 shares for every 100 shares held on 4 December  
2009 ("the record date").  Therefore, the maximum number of capitalisation      
shares that will be issued, should all shareholders elect to retain the share   
award, is 57 062 476 shares.                                                    
Shareholders will receive capitalisation shares in the company unless they elect
by the record date to receive the final cash distribution of 60 cents per share 
in respect of the financial year ended 30 June 2009.                            
Based on the ratio of entitlement of 4 for every 100 shares held, the cash      
distribution of 60 cents per share translates to a discount of 18.1% to the     
equivalent value of the capitalisation shares valued at the issue price.        
Application has been made to the JSE for the maximum possible number of         
capitalisation shares to be issued in terms of the capitalisation award to be   
listed with effect from the commencement of business on Monday, 30 November     
2009.  An adjustment of the capitalisation shares listed will be made on or     
about Tuesday, 8 December 2009, in accordance with the actual elections made.   
The salient dates applicable to the share award as announced on SENS on 11      
November 2009 remain unchanged.                                                 
Johannesburg                                                                    
19 November 2009                                                                
Company Secretary:  S J Grobler                                                 
Sponsor:  PSG Capital (Proprietary) Limited                                     
Date: 19/11/2009 15:00:01 Supplied by www.sharenet.co.za                     
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