STEINHOFF AFRICA RETAIL LIMITED - Disclosure Of Disposal Of Securities

Disclosure Of Disposal Of Securities

Steinhoff Africa Retail Limited
(Previously K2017221869 (South Africa) Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: SRR
ISIN: ZAE000247995

(“STAR” or the “Company”)


DISCLOSURE OF DISPOSAL OF SECURITIES

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended, and

in accordance with paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders

are hereby advised that the Company has received formal notification in the prescribed form

that:


Ainsley Holdings Proprietary Limited (“Ainsley”), a wholly owned indirect subsidiary of Steinhoff

International Holdings N.V. (“Steinhoff”) has disposed of ordinary shares of the Company such

that the total interest in the ordinary shares of the Company now held by Ainsley amounts to

71.01% (previously 76.81%) of the total issued ordinary share capital of the Company.


In this regard, shareholders are referred to the closing announcement published by Steinhoff

on 12 April 2018 in terms of which it confirmed that Steinhoff had successfully placed

200 000 000 ordinary shares in STAR through an accelerated bookbuild process.


The board of directors of STAR records its appreciation to Steinhoff for the responsible manner

in which this disposal of shares was concluded. The participation in the disposal process

included a broad spread of retail, long-only and hedge fund investors. The disposal further

results in STAR achieving the minimum free float of 20% as required by the JSE and is expected

to enhance liquidity in STAR’s shares.


Parow
13 April 2018

Sponsor:

PSG Capital

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