Trading Update And Supplementary Information In Respect Of The Year Ended 30 June 2014 STEINHOFF INTERNATIONAL HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration Number 1998/003951/06) Share code: SHF ISIN: ZAE000016176 ("Steinhoff" or "the Company") TRADING UPDATE AND SUPPLEMENTARY INFORMATION IN RESPECT OF THE YEAR ENDED 30 JUNE 2014 In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the next financial period to be reported on will vary by 20% or more from those of the previous corresponding period. Given the accounting treatment of the various corporate transactions (disclosed in note 1 to 3 below), the FY13 Headline Earnings per share (“HEPS”) and Earnings per share (“EPS”) have been restated for comparative purposes only. A voluntary reconciliation of the FY13 HEPS is set out below: 2013 cps Headline earnings per share – as reported 394 Effect of rights issue (Note 1) on prior year HEPS (4) HEPS – from continuing and discontinued operations 390 Effect of discontinued operations: KAP and JD (Note 2) (31) HEPS from continuing operations 359 Note 1: The IFRS accounting treatment of the rights issue announced on 2 July 2014, although accounted for post 30 June 2014, led to the restatement of comparative per share numbers. Note 2: JD Group Limited (“JD Group”) announced, earlier today, that it has accepted an offer from an international consumer finance provider to acquire, subject to due diligence and conditions precedent, JD Group’s consumer finance division, excluding its insurance operations (“JDFS Division”). Accordingly, the JDFS division will be shown as discontinued operations in the Audited June 2014 results of Steinhoff. Furthermore, on 30 June 2014, Steinhoff reduced its shareholding in KAP Industrial Holdings Limited (“KAP”) to 45% (“the KAP Transaction”). In terms of IFRS, Steinhoff is required to disclose the headline earnings from KAP as discontinued operations. The headline earnings from continuing operations do not include any contribution from KAP, despite Steinhoff retaining a 45% shareholding in KAP. Given the above, the comparative figures have been restated to take into account the discontinued classification of JDFS Division and KAP. Accordingly, shareholders are hereby advised that the earnings per share and headline earnings per share of Steinhoff, for the year ended 30 June 2014, will vary from those for the comparable period ended 30 June 2013 as set out below: % Expected increase in 2013 2014 cps Headline Earnings per share (“HEPS”) HEPS 390 10% to 15% HEPS from continuing operations 359 25% to 30% Adjusted HEPS from continuing 376 25% to 30% operations (Note 3) Earnings per share (“EPS”) EPS 386 25% to 30% EPS from continuing operations 356 40% to 45% Note 3: In addition, stakeholders are advised that although the entire contribution of KAP is shown as discontinued in the current year (note 2), Steinhoff continues to hold 45% of KAP and will account for this holding as associate earnings in the future. The effect of the 45% associate earnings of KAP has been added to the HEPS from continuing operations and disclosed as Adjusted HEPS from continuing operations. The financial information in this trading statement has not been reviewed or reported on by Steinhoff’s auditors and may therefore be subject to change. However, Steinhoff does not expect material variances to the information recorded above. The audited results for the year ended 30 June 2014 are expected to be published on or about 9 September 2014. 1 September 2014 By order of the Board Steinhoff Secretarial Services Proprietary Limited Company Secretary Wynberg, Sandton Sponsor: PSG Capital Proprietary Limited Date: 01/09/2014 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.