JDG - JD Group Limited - Results of the JD Group General Meeting

JDG - JD Group Limited - Results of the JD Group General Meeting                
JD Group Limited                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1981/009108/06)                                            
Share code: JDG   ISIN: ZAE000030771                                            
("JD Group")                                                                    
RESULTS OF THE JD GROUP GENERAL MEETING                                         
Shareholders of the JD Group ("JD Group Shareholders") are referred to the joint
announcement released by the JD Group and Steinhoff International Holdings      
Limited ("Steinhoff") on the Securities Exchange News Service ("SENS") of the   
JSE Limited on Monday, 13 February 2012. In terms of the circular to JD Group   
Shareholders dated Saturday, 11 February 2012 ("Combined Circular") Steinhoff`s 
partial offer ("Partial Offer") has been extended to all JD Group Shareholders  
other than Steinhoff ("Independent JD Group Shareholders"), to tender and sell  
26.2% of their shares in JD Group to Steinhoff based on an exchange ratio of 16 
shares in KAP International Holdings Limited for each share in JD Group held on 
the closing date of the Partial Offer.                                          
Shareholders are advised that at the general meeting of JD Group Shareholders   
held today, Monday, 12 March 2012 ("General Meeting"), both ordinary resolutions
proposed at the General Meeting required to approve and implement the Partial   
Offer were approved by the requisite majority of votes.                         
87% of the Independent JD Group Shareholders who have exercised their voting    
rights, voted in favour of the Partial Offer, proposed in terms of section      
125(3)(b)(ii) of the Companies Act. In addition 88% of the Independent JD Group 
Shareholders who have exercised their voting rights, voted in favour of         
mandating a director of the Company to take any lawful action to implement the  
Partial Offer.                                                                  
The Partial Offer will remain open until the later of 30 March 2012 or 10 days  
after the date of the announcement that the Partial Offer has become            
unconditional.                                                                  
The Partial Offer remains subject to the conditions precedent set out in the    
Combined Circular, including approval of the competition authorities in South   
Africa of both the Partial Offer and the KAP Transaction (as defined in the     
Combined Circular). A further announcement in respect of the salient dates and  
times of the Partial Offer will be released immediately after the fulfilment of 
the remaining conditions precedent in respect of both transactions.             
Johannesburg                                                                    
12 March 2012                                                                   
Sponsor to JD Group                                                             
PSG Capital Proprietary Limited                                                 
Date: 12/03/2012 14:55:01 Supplied by www.sharenet.co.za                     
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