STEINHOFF INVESTMENT HOLDINGS LIMITED - CANCELLATION OF S401521 Dividend To Preference Shareholders

CANCELLATION OF S401521 Dividend To Preference Shareholders

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1954/001892/06
JSE Code SHFF
ISIN: ZAE000068637

(“Steinhoff Investments” or “the Company “)

STEINHOFF INVESTMENTS: DIVIDEND TO PREFERENCE SHAREHOLDERS

On 30 April 2018 Steinhoff Investments published a SENS announcement notifying holders of
the 15 000 000 cumulative, non-redeemable, non-participating, variable rate preference
shares issued by the Company (“the Preference Shares”) that a decision had been taken by
the board of directors of the Company not to declare a dividend on the Preference Shares in
respect of the period 1 July 2017 to 31 December 2017 (“the Preference Dividend”).

This decision has been reviewed by the board, which has determined that the Company is
now in a position to declare the Preference Dividend. Accordingly, on 29 June 2018 the board
declared a gross dividend of 427.41781 cents per Preference Share in respect of the
Preference Dividend, payable on Monday 23 July 2018 to those holders of Preference Shares
recorded in the books of the Company at the close of business on Friday 20 July 2018.

The Preference Dividend will be payable in the currency of South Africa and will be subject to
a local dividend tax rate of 20%. This will result in a net dividend of 341.93425 cents per
Preference Share, unless the Preference Shareholder is exempt from dividend tax or is
entitled to a reduced rate in terms of an applicable double-tax agreement.
Steinhoff Investments’ income tax reference number is 9375046712.

At the date of declaration there were 15 000 000 (Fifteen million) Preference Shares in issue.

In accordance with the terms and conditions attaching to the Preference Shares and in
recognition of the delayed declaration of the Preference Dividend, the preference dividend
per Preference Share for the next dividend period, namely 1 January 2018 to 30 June 2018,
shall be increased by an amount of 6.9379 cents, calculated in accordance with the following
formula:

a=b x c x d

in which formula:

a = the increase in the preference dividend (per Preference Share) for the next dividend
    period;

b = the Preference Dividend (per Preference Share);

c = the publicly basic rate of interest quoted from time to time by Absa Bank Limited,
    expressed as a percentage per annum, compounded monthly in arrear and calculated on
    a 365 (three hundred and sixty five) day year basis; and

d = the number of days from the date 120 (one hundred and twenty) days after the last day
    of the dividend period in respect of which Preference Dividend should have been
    declared up to 29 June2018, divided by 365 (three hundred and sixty five).

Salient dates: 2018
Last date to trade cum dividend:      Tuesday 17 July
Shares trade ex-dividend:             Wednesday 18 July
Record date:                          Friday 20 July
Payment date:                         Monday 23 July

Share certificates may not be dematerialised or re-materialised between Wednesday 18 July
2018 and Friday 20 July 2018, both days inclusive.

On behalf of the board of directors

H Sonn: Non-executive director
LJ du Preez: Executive director

Sponsor: PSG Capital

29 June 2018

Date: 29/06/2018 01:34:59 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.