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SHF - Steinhoff International Holdings Limited - Refinancing for Steinhoff Europe STEINHOFF INTERNATIONAL HOLDINGS LIMITED (Registration number 1998/003951/06) (Incorporated in the Republic of South Africa) (Share code : SHF; ISIN Code ZAE 000016176) ("Steinhoff") REFINANCING FOR STEINHOFF EUROPE The Board is pleased to advise that Steinhoff Europe AG ("Steinhoff Europe") has successfully concluded a new syndicated loan facility on 29 June 2011 of an amount of Euro 1 260 million in the aggregate. The proceeds will primarily be used for the re-financing of the Euro 780 million bridge facility in respect of Steinhoff`s recent acquisition of Conforama Holding S.A., the existing Euro 340 million facility which would have matured in 2013 and other facilities maturing in 2012. As a result, Steinhoff`s debt maturities with increased liquidity have been extended, thereby significantly enhancing its credit profile as evidenced by the improved terms under the new senior unsecured facility. The new facility with 35 international and European banks, comprises a 5-year amortising term facility of Euro 540 million and a 5-year multicurrency revolving credit facility with 3 and 5-year components of Euro 360 million each. This provides a sound base to support Steinhoff`s growth targets for the medium term. The facility was coordinated by Commerzbank Aktiengesellschaft. Commerzbank Aktiengesellschaft Luxembourg branch acts as the facility agent. The bookrunners for the facility are Banc of America Securities Limited, BNP Paribas, Citibank N.A., London Branch, Commerzbank Aktiengesellschaft, HSBC Bank plc and The Royal Bank of Scotland plc. By order of the Board SJ GROBLER Company Secretary Wynberg, Sandton 1 July 2011 COMPANY SPONSOR PSG CAPITAL MANDATED LEAD ARRANGERS BANC OF AMERICA SECURITIES LIMITED BNP PARIBAS CITIBANK, N.A. LONDON BRANCH COMMERZBANK AKTIENGESELLSCHAFT HSBC BANK PLC and THE HONGKONG & SHANGHAI BANKING CORPORATION LIMITED JOHANNESBURG BRANCH THE ROYAL BANK OF SCOTLAND PLC ABSA CAPITAL, A DIVISION OF ABSA BANK LIMITED BRED BANQUE POPULAIRE and NATIXIS CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK and CREDIT LYONNAIS DEUTSCHE BANK AG, LONDON BRANCH GOLDMAN SACHS INTERNATIONAL RAIFFEISEN BANK INTERNATIONAL AG, RAIFFEISENLANDESBANK OBEROSTERREICH AKTIENGESELLSCHAFT and RAIFFEISENLANDESBANK NIEDEROSTERREICH-WIEN AG and UNICREDIT BANK AG Date: 01/07/2011 17:50:19 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
