SHF - Steinhoff - Approval of the disposal of The South African Furniture

SHF - Steinhoff - Approval of the disposal of The South African Furniture       
                   Manufacturing Interests                                      
STEINHOFF INTERNATIONAL HOLDINGS LIMITED                                        
(Incorporated in the Republic of South Africa)                                  
(Registration no. 1998/003951/06)                                               
Ordinary share code: "SHF"                                                      
ISIN: ZAE000016176                                                              
("Steinhoff")                                                                   
APPROVAL OF THE DISPOSAL OF THE SOUTH AFRICAN FURNITURE MANUFACTURING           
INTERESTS                                                                       
With reference to the announcement published on 22 May 2007 relating to the     
disposal by Steinhoff of its South African Furniture Manufacturing              
interests ("Bravo Group") to a private equity consortium led by ABSA            
Capital, a division of ABSA Bank Limited and Bravo Group management, for a      
purchase consideration of R1 375 million ("the Bravo Group disposal"),          
shareholders are advised that the South African Competition Tribunal has,       
on 01 August 2007, unconditionally approved such disposal.                      
Consequently, the Bravo Group disposal has become unconditional and             
settlement and delivery in accordance with the terms of the relevant            
agreements will be effected within the next few days.                           
Wynberg, Sandton                                                                
02 August 2007                                                                  
Sponsor - PSG Capital (Pty) Limited     Equity Investor - ABSA Capital, a       
division of ABSA Bank Limited            

Date: 02/08/2007 11:14:24 Supplied by www.sharenet.co.za                     
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