JD GROUP LIMITED - Closing of Tender Offer by Steinhoff

Closing of Tender Offer by Steinhoff

JD Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1981/009108/06
JSE share code: JDG    ISIN: ZAE000030771
JSE bond code: JDGCB   ISIN: ZAE000168415
("JD Group")

Closing of Tender Offer by Steinhoff

Shareholders of JD Group are referred to the announcement
released by Steinhoff International Holdings Limited
(“Steinhoff”) earlier today, regarding the offer by Steinhoff
to acquire up to 98% of the issued ordinary shares in JD Group.

Information in relation to the process and procedure for the
acceptance of the Tender Offer by JD Group Shareholders, as
well as instructions for completing the Acceptance and
Surrender Forms, are available on the JD Group web site at
www.jdgroup.co.za/offer-to-shareholders.

The content of Steinhoff’s announcement, without modification,
is set out below:

JD Group Shareholders are referred to the announcements by
Steinhoff dated 18 March 2014 and 25 March 2014, regarding the
offer by Steinhoff ("Tender Offer") to acquire up to 98% of the
issued ordinary shares in JD Group, excluding treasury shares.

On 25 March 2014 JD Group announced its intention to proceed
with a rights offer of R2 500 million (“Rights Offer”), once
the Tender Offer has closed.

Given the Rights Offer announced by JD Group and the material
level of acceptances of the Tender Offer to date, Steinhoff
believes that it is in the best interests of JD Group to close
the Tender Offer.      Accordingly, provided Steinhoff doesn’t
reach the 98% threshold earlier, JD Group shareholders are
hereby advised that the Tender Offer will close at the close of
business (17:00) on Wednesday, 2 April 2014.

Johannesburg
27 March 2014

Sponsor to JD Group
PSG Capital Proprietary Limited

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