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STEINHOFF AFRICA RETAIL LIMITED - No Change Statement,Publication Of Audited Consolidated Annual Financial Statements, Update On Corporate Development

Release Date: 15/12/2017 07:05
Code(s): SRR     PDF:  
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No Change Statement,Publication Of Audited Consolidated Annual Financial Statements, Update On Corporate Development

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”)

NO CHANGE STATEMENT AND PUBLICATION OF AUDITED CONSOLIDATED ANNUAL FINANCIAL
STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017, AND UPDATE ON CORPORATE
DEVELOPMENTS

    1. Audited consolidated financial statements

STAR shareholders are hereby advised that STAR´s full audited consolidated financial
statements ("financial statements") for the year ended 30 September 2017 was published on
its corporate website today, 15 December 2017. The financial statements contain no
modifications to the audited results, which were announced on SENS on 4 December 2017 and
may be accessed at www.steinhoffafricaretail.co.za.

Shareholders are further advised to review the financial statements in combination with the
annual results webcast and presentation, which are also available on STAR’s corporate
website.

STAR´s annual integrated report will be published during January 2018, in line with regulatory
reporting timeframes.


    2. Refinancing of loans granted by Steinhoff Africa Holdings (Pty) Ltd and its subsidiaries
        (“Steinhoff shareholder loans”)

The Steinhoff shareholder loans amounted to c. R16 billion at 30 September 2017 as included
in STAR’s financial statements.

FirstRand Bank Limited, acting through its Rand Merchant Bank division (“RMB”), has been
appointed to facilitate the refinancing of the shareholder loans with ring-fenced funding
facilities to STAR (“New Facilities”). The New Facilities will be used to repay Steinhoff shareholder
loan funding and provide the STAR group with stand-alone financing facilities. RMB is in the
process of engaging certain banks and financial institutions with regards to the New Facilities.

Stellenbosch

15 December 2017

Sponsor
PSG Capital

Date: 15/12/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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