STEINHOFF AFRICA RETAIL LIMITED - Alleged Claim Lodged By Founders And Original Shareholders Of Tekkie Town In Terms Of An Earn-Out Agreement

Release Date: 16/05/2018 17:00
Code(s): SRR
 
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Alleged Claim Lodged By Founders And Original Shareholders Of Tekkie Town In Terms Of An Earn-Out Agreement

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”)

ALLEGED CLAIM LODGED BY FOUNDERS AND ORIGINAL SHAREHOLDERS OF TEKKIE TOWN IN
TERMS OF AN EARN-OUT AGREEMENT

STAR has taken note of the news article published today pertaining to a claim allegedly lodged
by founders and original shareholders of Tekkie Town against Steinhoff International Holdings
N.V. in terms of an alleged earn-out agreement. STAR confirms that it has not received any
legal documents in this regard.

Further, based on senior counsel’s opinion, STAR is not party to any such earn-out agreement
and there is no reasonable prospect of STAR being held liable in this regard.

Parow
16 May 2018

Sponsor:
PSG Capital

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