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STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff Challenge To The Implementation Of The SEAG CVA

11 January 2019 - 06:05 AM
SNH SHFF
Steinhoff  Challenge To The Implementation Of The SEAG CVA

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
ISIN: ZAE000068367

DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ART. 17 OF THE EU MARKET ABUSE
REGULATION (EU 596/2014, MAR)

Steinhoff  Challenge to the implementation of the SEAG CVA
Steinhoff International Holdings N.V. (the Company and with its subsidiaries, the Group)

The Companys subsidiary Steinhoff Europe AG (SEAG) has today been notified of an
application issued by LSW GmbH, a company claiming to be a creditor of SEAG, challenging
the company voluntary arrangement proposed in relation to SEAG (SEAG CVA) announced
on 14 December 2018 (the Application). In accordance with the terms of the SEAG CVA,
implementation of the SEAG CVA will not occur until the challenge to the SEAG CVA has been
resolved.

Under the terms of the company voluntary arrangement proposed in relation to Steinhoff
Finance Holding GmbH (SFHG CVA) announced on 14 December 2018, implementation of
the SFHG CVA will likewise not occur until the challenge to the SEAG CVA has been resolved.

The relevant terms of the SEAG CVA and the SFHG CVA, including the interim moratoria,
continue to apply. The Company continues to work towards the implementation of the
financial restructuring of the Group and management continues to support and focus on the
ongoing operations.

The Company and SEAG are currently examining the detail of the Application and will provide
further updates as appropriate.

Shareholders and other investors in the Company are advised to exercise caution when
dealing in the securities of the Group.

JSE Sponsor: PSG Capital
Stellenbosch, 10 January 2019

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