Steinhoff International Holdings Ltd - Acquisition of Controlling Interest in

Steinhoff International Holdings Ltd - Acquisition of Controlling Interest in   
Homestyle Group plc ("Homestyle")                                               
Steinhoff International Holdings Ltd                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/003951/06)                                            
("Steinhoff")                                                                   
JSE Code: SHF   ISIN: ZAE000016176)                                             
Acquisition of controlling interest in                                          
Homestyle Group Plc ("Homestyle")                                               
Further to the announcement dated 12 May 2005, the directors of Steinhoff are   
pleased to announce that the refinancing of Homestyle in an amount of GBP105    
million has been successfully concluded. In terms thereof, Steinhoff"s wholly-  
owned subsidiary, Steinhoff Europe AG, will acquire a 65,2% interest in         
Homestyle for a total cash consideration of GBP92,8 million.                    
Homestyle will become a subsidiary of Steinhoff with effect from 22 June 2005,  
the addition of which will result in an increase in annual consolidated revenues
of approximately GBP404 million (or approximately R5 000 million at an exchange 
rate of R12,27 per GBP) based on Homestyle"s historic revenues, and will provide
attractive opportunities for incremental business to Steinhoff"s existing       
worldwide operations. As a result of Homestyle"s financial strength pursuant to 
the refinancing, Homestyle will be well positioned to enhance its merchandising 
and trading terms going forward.                                                
Wynberg                                                                         
22 June 2005                                                                    
Financial adviser and transaction sponsor                                       
Citigroup                                                                       
Sponsor                                                                         
PSG Capital                                                                     
Date: 22/06/2005 04:41:25 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department