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STEINHOFF AFRICA RETAIL LIMITED - Notification Of Change In Auditor

Release Date: 23/05/2018 16:45
Code(s): SRR     PDF:  
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Notification Of Change In Auditor

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”)

NOTIFICATION OF CHANGE IN AUDITOR

After careful consideration and by mutual agreement with STAR management and its Audit
Committee, Deloitte South Africa (“Deloitte”) has decided to resign as the external auditor of
STAR, effective 23 May 2018.

Deloitte’s decision to resign came after engagement with STAR’s management and Audit
Committee regarding restructuring the audit of STAR and its subsidiaries to reduce the existing
duplication of effort among the different audit firms to continue to comply with professional
standards.

A significant component of the STAR group is audited by PricewaterhouseCoopers Inc.
(“PWC”) and this scenario necessarily causes an inefficient duplication of effort in order for
Deloitte to comply with professional auditing standards.

Shareholders are therefore advised that, in terms of paragraph 3.78 of the JSE Limited Listings
Requirements, PWC has been appointed as the Company's external auditor, effective 23 May
2018, thereby replacing Deloitte. Mr Anton Hugo will act as the designated audit partner for
the current financial year ending 30 September 2018.

Parow
23 May 2018

Sponsor:
PSG Capital

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