STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff International Holdings N.V. Updates On Process

Steinhoff International Holdings N.V. – Updates On Process

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019

STEINHOFF INTERNATIONAL HOLDINGS N.V. – UPDATES ON PROCESS

Stellenbosch, 10 December 2017

Reference is made to the announcement released on 8 December 2017, in which the Steinhoff
International Holdings N.V. Group (“the Group”) announced the rescheduling of its regular
annual lender meeting in London from 11 December to 19 December 2017. In advance of this
meeting, the Group wishes to provide the following updates:

Appointment of an International Advisory Team

The Group announces that Moelis & Company ("Moelis") and AlixPartners have been
appointed as independent financial advisor and operational advisor respectively with
immediate effect. Moelis will support and advise on the Group’s discussions with its lenders,
while AlixPartners will assist on liquidity management and operational measures.

Immediate Stabilisation

The Group is currently fully focussed on safeguarding operational liquidity to continue funding
existing operations throughout its various subsidiaries. In this context, the Group is asking for
and requires continued support in relation to existing facilities from all its lenders to achieve
an immediate stabilisation of the Group’s financing.

Lender Meeting

The purpose of the meeting will be for the Group to provide an update on its ongoing
operational and financial situation. An agenda for the meeting will be circulated ahead of 19
December 2017.

Caution

Shareholders and other investors in the company are advised to exercise caution when
dealing in the securities of the group.

Sponsor: PSG Capital

Date: 11/12/2017 07:06:00 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.