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Homestyle Group PLC (HME)

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Monday 19 February, 2007

Homestyle Group PLC

Scheme of arrangement

Homestyle Group PLC
19 February 2007


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA,
AUSTRALIA OR JAPAN

19 February 2007

FOR IMMEDIATE RELEASE



HOMESTYLE GROUP PLC ('HOMESTYLE')

SCHEME OF ARRANGEMENT BECOMES EFFECTIVE

Further to the announcement made on 15 February 2007, Homestyle confirms that the Scheme has today
become effective in accordance with its terms.



Homestyle Shares, which are listed on the London Stock Exchange, will be delisted with effect from
8.00 a.m. tomorrow.  Accounts in STRATE (the South African equivalent of CREST) were credited this
morning with the New Steinhoff Shares issued under the Share Election to be held in dematerialised
form.  Dispatch of cheques regarding the cash payable under the Cash Election and issue of share
certificates in respect of New Steinhoff Shares to be held in certificated form, will take place by 5
March 2007.



Terms defined in the Scheme Circular issued on 22 December 2006 have the same
meanings when used in this announcement.


Enquiries:

Homestyle Group PLC
Donald Macpherson                                                                     +44 (0) 1925 647200
Tim Kowalski                                                                          +44 (0) 1925 647200

Hawkpoint Partners Limited (Financial adviser to Homestyle)
Christopher Darlington                                                               +44 (0) 20 7665 4563

Hudson Sandler Limited (PR adviser to Homestyle)
Jessica Rouleau                                                                      +44 (0) 20 7796 4133

Steinhoff International Holdings Limited
Piet Ferreira                                                                         +27 (0) 11 445 3061
Stehan Grobler                                                                        +27 (0) 11 445 3050

Citigroup Global Markets Limited (Financial adviser to Steinhoff)
Ian Hart                                                                             +44 (0) 20 7986 4000
Mark Todd                                                                            +44 (0) 20 7986 4000


Hawkpoint Partners Limited, which is authorised and regulated by the Financial Services Authority, is acting for
Homestyle Group PLC and no one else in connection with the Proposals and will not be responsible to anyone other
than Homestyle Group PLC for providing the protections afforded to clients of Hawkpoint or for providing advice
in relation to the Proposals, the contents of this Announcement or any transaction or arrangement referred to in
this Announcement.

Citigroup, which is authorised and regulated by the Financial Services Authority, is acting for Steinhoff
International Holdings Limited and Steinhoff Europe AG and no one else in connection with the Proposals and will
not be responsible to anyone other than Steinhoff International Holdings Limited and Steinhoff Europe AG for
providing the protections afforded to clients of Citigroup or for providing advice in relation to the Proposals,
the contents of this Announcement or any transaction or arrangement referred to in this Announcement.

This communication does not constitute an offer to sell or invitation to purchase or subscribe for any
securities or the solicitation of an offer to buy securities, or the solicitation of any vote or approval, in
any jurisdiction pursuant to the Proposals or otherwise.  Any response in relation to the Proposals should only
be made on the basis of the information contained in the Scheme Document.





                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                              

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