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Steinhoff International Holdings N.v. - Moodys Investors Service Downgrades Steinhoff To Caa1 Corporate Family Rating, Rating On Review For Further Downgra

Release Date: 28/12/2017 17:25
Code(s): SNH
 
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Moody’s Investors Service Downgrades Steinhoff To Caa1 Corporate Family Rating, Rating On Review For Further Downgra

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

Steinhoff – MOODY’S INVESTORS SERVICE DOWNGRADES STEINHOFF TO Caa1 CORPORATE
FAMILY RATING, RATING ON REVIEW FOR FURTHER DOWNGRADE

Steinhoff International Holdings N.V. (the “Company”)
Stellenbosch, 28 December 2017

Investors are advised that Moody’s Investors Service (Moody’s) has on 28 December 2017
downgraded certain of the Steinhoff group’s ratings. Investors are referred to the rating
action notice released by Moody’s for any additional information, which is available on
the Moody’s website at: https://www.moodys.com/research/--PR_376696

Steinhoff remains in discussion with the group’s lenders seeking their on-going support as
well as further funding for the group so as to meet short-term liquidity needs and enhance
the stability of the group’s operations.

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

28 December 2017

JSE Sponsor: PSG Capital






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