JDG - JD Group - Competition Tribunal approval of the transaction between JD

JDG - JD Group - Competition Tribunal approval of the transaction between JD    
Group and Steinhoff International Holdings Limited ("Steinhoff")                
JD Group Limited                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1981/009108/06)                                            
JSE Share Code: JDG                                                             
ISIN: ZAE000030771                                                              
("JD Group" or "the Company")                                                   
COMPETITION TRIBUNAL APPROVAL OF THE TRANSACTION BETWEEN JD GROUP AND STEINHOFF 
INTERNATIONAL HOLDINGS LIMITED ("Steinhoff")                                    
Shareholders are referred to various announcements released on SENS and         
published in the press since 5 April 2011 regarding:                            
(i)  the proposed acquisition by JD Group of all of the shares in and claims    
    against the companies comprising the South African retail assets of         
    Steinhoff, being Unitrans Auto and Steinbuild ("the Acquisition"); and      
(ii) the proposed sale of JD Group`s interest in Abra, JD Group`s Polish        
    furniture retail business, to Steinhoff Global Investments GmbH ("the       
    Disposal)".                                                                 
Shareholders are advised that the Competition Tribunal of South Africa yesterday
(6 July 2011) issued a Merger Clearance Notice in terms of the Competitions Act,
approving the transaction unconditionally.                                      
JD Group has therefore obtained all regulatory approvals and the last of the    
conditions precedent in relation to the Acquisition has been fulfilled.         
Accordingly, the Acquisition of Steinhoff`s South African retail assets will now
be implemented.                                                                 
Approval from the Polish Competition Authorities in respect of the Disposal     
remains outstanding. Once this approval has been received, the sale of Abra will
be implemented in accordance with the terms of the agreement.                   
7 July 2011                                                                     
Johannesburg                                                                    
Financial advisor to JD Group                                                   
J.P. Morgan                                                                     
Sponsor to JD Group                                                             
PSG Capital (Proprietary) Limited                                               
Legal advisor to JD Group                                                       
Fluxmans Attorneys                                                              
Competition law and corporate law advisor to JD Group                           
Norton Rose South Africa                                                        
Reporting accountants and auditors                                              
Deloitte & Touche                                                               
Date: 07/07/2011 07:05:14 Supplied by www.sharenet.co.za                     
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