STEINHOFF INVESTMENT HOLDINGS LIMITED - Steinhoff Investments: Dividend To Preference Shareholders

Steinhoff Investments:  Dividend To Preference Shareholders

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1954/001892/06
JSE Code SHFF
ISIN: ZAE000068367

(“Steinhoff Investments” or “the Company “)


STEINHOFF INVESTMENTS: DIVIDEND TO PREFERENCE SHAREHOLDERS

The board of directors of the Company has taken a decision to declare a dividend to holders
of the 15 000 000 cumulative, non-redeemable, non-participating, variable rate preference
shares issued by the Company (“the Preference Shares”) in respect of the period
1 January 2018 to 30 June 2018 (“the Preference Dividend”).

Accordingly, the board today declared a gross dividend of 414.02568 cents per Preference
Share in respect of the Preference Dividend, payable on Monday 20 August 2018 to those
holders of Preference Shares recorded in the books of the Company at the close of business
on Friday 17 August 2018

At the date of declaration there were 15 000 000 (Fifteen million) Preference Shares in issue.

In addition, and with reference to the previous dividend declaration announcement published
on 29 June 2018 (“the 29 June 2018 Announcement”), the Company will increase the
Preference Dividend by a gross amount of 10.03132 cents per share (“the Additional
Dividend”). In the 29 June 2018 Announcement, the Company indicated that the Additional
Dividend would amount to 6.9379 cents per share and not 10.03132 cents per share as now
calculated. The Additional Dividend was increased to compensate holders for the period
between the previous preference dividend declaration date, being 29 June 2018 and the
eventual payment date of 23 July 2018 (both days included ).

Therefore the total gross amount payable to holders (including the Additional Dividend)
amounts to 424.057 cents per share. The Preference Dividend will be payable in the currency
of South Africa and will be subject to a local dividend tax rate of 20%. This will result in a net
dividend (including the Additional Dividend) of 339.2456 cents per Preference Share unless the
Preference Shareholder is exempt from dividend tax or is entitled to a reduced rate in terms of
an applicable double-tax agreement. Steinhoff Investments’ income tax reference number is
9375/046/71/2.

Salient dates:                                                                            2018


Last date to trade cum dividend:                                           Tuesday, 14 August
Shares trade ex-dividend:                                                  Wednesday, 15 August
Record date:                                                               Friday, 17 August
Payment date:                                                              Monday, 20 August

Share certificates may not be dematerialised or re-materialised between Wednesday
15 August 2018 and Friday 17 August 2018, both days inclusive.

26 July 2018

On behalf of the board of directors

H Sonn: Non-executive director
LJ du Preez: Executive director

Sponsor: PSG Capital

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