Court Sanction Of Scheme Of Arrangement STEINHOFF INTERNATIONAL HOLDINGS N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share code: SNH ISIN: NL0011375019 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 15 September 2016 RECOMMENDED CASH OFFER for Poundland Group PLC by Steinhoff Europe AG Court sanction of scheme of arrangement The board of Steinhoff International Holdings N.V. (“Steinhoff”) is pleased to announce that the High Court of Justice in England and Wales has today sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 (the “Scheme”) by which the recommended cash offer by Steinhoff Europe AG (“SEAG”) for the entire issued and to be issued share capital of Poundland not already directly or indirectly owned by it (the “Offer”) is being implemented. The complete announcement and all related offer documents may be found on Steinhoff’s website at http://www.steinhoffinternational.com/05-poundland-offer-disclaimer.php Further Information Linklaters LLP are providing legal advice to Steinhoff and SEAG. Enquiries Steinhoff and SEAG Tel: +27 (0)21 808 0711 Mariza Nel, Director, Corporate Services (Investor Relations) Nick Agarwal (UK Press) Tel: +44 (0)75 6810 1045 Investec Bank plc (financial adviser to Steinhoff and SEAG) Tel: +44 (0)20 7597 4000 Andrew Pinder / David Anderson Sara Hale / Henry Reast (Corporate Broking) JSE Sponsor: PSG Capital Proprietary Limited Date: 15/09/2016 05:30:00 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.