Homestyle Group PLC
30 June 2005
30 June 2005
HOMESTYLE GROUP PLC ('Homestyle')
BOARD APPOINTMENTS
Following the completion of the Refinancing and in line with the Relationship
Agreement with Steinhoff Europe AG ('Steinhoff'), Homestyle is pleased to
announce the appointment of Markus Jooste (aged 44) and Ian Topping (aged 45) to
the Board with immediate effect as Non-Executive Directors.
Markus Jooste, who is based in South Africa, is the Chief Executive Officer of
Steinhoff International Holdings Ltd ('SIL'), the parent company of Steinhoff.
Markus is currently a Non-Executive Director on the Boards of a number of South
African listed companies including Unitrans Limited, PSG Group Limited, PSG
Financial Services Limited and KAP International Holdings Limited. Ian Topping
is Managing Director of Steinhoff's UK Group of companies which include bed
manufacturing, industrial foam products and furniture import and distribution.
SIL is incorporated in South Africa and quoted on the JSE Securities Exchange
South Africa ('JSE') with a market capitalisation of circa £1.5 billion. It is
included in the JSE 's 'Top-40' and 'INDI-25' indices. Steinhoff has world-wide
interests in furniture manufacturing and sourcing, timber and related products,
distribution and logistics.
As a result of these appointments, the Board will now comprise two Executive
Directors and six Non-Executive Directors
Markus Jooste and Ian Topping have nothing to declare in relation to paragraphs
6.F.2 (b) to (g) of the Listing Rules.
Enquiries:
Homestyle Group plc
David Brock, Executive Chairman 01925 647200
Tim Kowalski, Finance Director
gcg hudson sandler 020 7796 4133
Andrew Hayes/ James Hill
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