Disclosure Of Disposal Of Securities 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”) DISCLOSURE OF DISPOSAL OF SECURITIES In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended, and in accordance with paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form that: Ainsley Holdings Proprietary Limited (“Ainsley”), a wholly owned indirect subsidiary of Steinhoff International Holdings N.V. (“Steinhoff”) has disposed of ordinary shares of the Company such that the total interest in the ordinary shares of the Company now held by Ainsley amounts to 71.01% (previously 76.81%) of the total issued ordinary share capital of the Company. In this regard, shareholders are referred to the closing announcement published by Steinhoff on 12 April 2018 in terms of which it confirmed that Steinhoff had successfully placed 200 000 000 ordinary shares in STAR through an accelerated bookbuild process. The board of directors of STAR records its appreciation to Steinhoff for the responsible manner in which this disposal of shares was concluded. The participation in the disposal process included a broad spread of retail, long-only and hedge fund investors. The disposal further results in STAR achieving the minimum free float of 20% as required by the JSE and is expected to enhance liquidity in STAR’s shares. Parow 13 April 2018 Sponsor: PSG Capital Date: 13/04/2018 03:30:00 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.