Update On Waiver Proposals And Commitment Not To Declare Or Pay Dividends On Or Prior To 30 June 2018 Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ART. 17 OF THE EU MARKET ABUSE REGULATION (EU 596/2014, MAR) Key Word(s): Dividend Steinhoff – Update on waiver proposals and commitment not to declare or pay dividends on or prior to 30 June 2018 Steinhoff International Holdings N.V. (the “Company” and with its subsidiaries, the “Group”) Stellenbosch, 2 February 2018 – Further to the Company’s announcement on 18 January 2018, the Group will shortly be recommending waivers of certain possible defaults under certain of the Group’s existing European holding companies’ financing arrangements. As part of the waiver proposals, the Company is likely to voluntarily agree not to declare, make or pay any dividend for an interim period to 30 June 2018. The purpose of the waiver proposals is to continue to create a window of stability until 30 June 2018 for the Group, to allow management to focus on maintaining the trading performance of the individual business units and the development of the Group’s strategic options plan. While the Company is confident that it will receive sufficient support from its finance providers to obtain these limited waivers, there can be no assurance that the Company will be able to reach agreement with its finance providers on acceptable terms or at all. Shareholders and other investors in the Company are advised to exercise caution when dealing in the securities of the Group. JSE Sponsor PSG Capital Date: 02/02/2018 01:55:00 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.