STEINHOFF INTERNATIONAL HOLDINGS N.V. - Announcement Of The ZAR Exchange Rate Applicable To The Interim Distribution Of 12 Euro Cents Per Ordinary Share

Announcement Of The ZAR Exchange Rate Applicable To The Interim Distribution Of 12 Euro Cents Per Ordinary Share

STEINHOFF INTERNATIONAL HOLDINGS N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share code: SNH
ISIN: NL0011375019
(“Steinhoff N.V.”)


STEINHOFF INTERNATIONAL HOLDINGS N.V.: ANNOUNCEMENT OF THE ZAR EXCHANGE RATE
APPLICABLE TO THE INTERIM DISTRIBUTION OF 12 EURO CENTS PER ORDINARY SHARE

Stellenbosch – 22 November 2016 – Shareholders are referred to the declaration of the interim
distribution of 12 Euro cents per Steinhoff ordinary share (the “Distribution”) by Steinhoff
International Holdings N.V. (the “Company” or “Steinhoff”), as announced on 15 November
2016 (the “Declaration Announcement”).

As indicated in the Declaration Announcement, the Distribution will be paid in Euro for
shareholders who hold their shares on the Frankfurt Stock Exchange (“FSE”) and in South
African Rand (“ZAR” or “Rand”) for shareholders who hold their Steinhoff ordinary shares on the
Johannesburg Stock Exchange operated by the JSE Limited (the “JSE”).

In this regard the ZAR exchange rate applicable to the distribution will be ZAR 15.015 : EUR1.00,
resulting in a gross ZAR distribution of 180.18 ZAR cents per Steinhoff ordinary share.

For ease of reference, the salient dates as set out in the Declaration Announcement are
repeated below:

 SALIENT DATES AND TIMES FOR SHARES HELD ON THE FSE                                         2016


 Last day to trade in shares on the FSE in order to be eligible
                                                                          Wednesday, 30 November
 for the distribution


 Shares trade ex-entitlement on the FSE                                   Thursday, 1 December


 Record Date                                                                Friday, 2 December


 Payment date                                                              Tuesday, 6 December




 SALIENT DATES AND TIMES FOR SHARES TRADED ON THE JSE                                       2016


 Last day to trade in shares on the JSE in order to be eligible
                                                                         Tuesday, 29 November
 for the distribution


 Shares trade ex-entitlement on the JSE                                  Wednesday, 30 November


 Record Date                                                                Friday, 2 December


 Payment date                                                             Tuesday, 6 December


Note:
As a result of different settlement periods applied by the FSE (T+2) and JSE (T+3), the Last day to Trade in each jurisdiction falls
on different dates, but the Record Date is aligned. Between the Finalisation Date (22 November 2016) and the Payment Date
(6 December 2016) there will be an embargo on transfers between the two settlement systems, being Clearstream for the FSE
and Strate for the JSE.


Dividends Withholding Tax (“DWT”)

The distribution will be payable in Euro. As the Company is a South African Tax Resident, the
distribution will be subject to a South African dividends withholding tax at a dividend tax rate
of 15%, resulting in a net cash distribution of 10.2 Euro cents per share for shares held on the FSE
and 153.153 ZAR cents per share for shares held on the JSE, unless the relevant shareholder is
exempt from South African dividend tax or is entitled to a reduced rate in terms of the
applicable double tax agreement. The Company’s South African income tax reference
number is 9088/208/229. At the date of declaration of the distribution the company had
4,253,551,251 ordinary shares in issue.

DWT in respect of shares held on the FSE:

The Company will withhold the South African dividends withholding tax in respect of all shares
held on the FSE, unless shareholders provide it with declarations in the prescribed form that
such shareholders are exempt from South African dividend tax in terms of the South African
Income Tax Act No 58 of 1962, as amended (the “SA Income Tax Act”) (“Declarations”).

Declarations in respect of shares held on the FSE must be submitted to
2016distribution@steinhoffinternational.com and originals must be sent to the Company’s
postal address being PO Box 122, Stellenbosch, South Africa, 7599 for the attention of the
Company Secretary.

The Company will consider all valid Declarations received and will ensure that qualifying
shareholders receive a refund of the tax withheld within 60 days after receipt of a valid original
Declaration.

DWT in respect of shares held on the JSE:

The administration of the dividends tax in respect of shares held on the JSE will be done by the
Regulated Intermediaries as defined in the SA Income Tax Act. Shareholders who hold their
shares on the JSE are advised to contact their CSDP or broker should they have any queries in
this regard.

If shareholders are uncertain as to the tax treatment, they should consult their own tax advisors.

Steinhoff International Holdings N.V.

Management Board

22 November 2016

JSE Sponsor: PSG Capital Proprietary Limited

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