Changes To The Board Of Directors Of STAR 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”) CHANGES TO THE BOARD OF DIRECTORS OF STAR In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of the Company (“the Board”) wishes to advise of the following changes to the Board: 1) Appointment of Mr Mark Harris (“Mark”) as an independent non-executive director with effect from 30 July 2018. Mark will also serve on the Board`s remuneration committee. Mark has led and transformed organisations of varying sizes through his leadership. The strategic competencies Mark offers are invaluable to any organisation aiming to achieve objectives of growth and innovation in an increasingly competitive environment. Mark brings a broad range of business competencies including strategy, mergers and acquisitions, innovation, technology and digitisation which is crucial in the modern digital revolution. His experience spans over 35 years and across a large number of industries and geographies including Africa, North America, Europe and the Middle East as an IBM Vice President. Mark has served on a number of boards of directors in South Africa and internationally and was the president of the American Chamber of Commerce and chairperson of a number of NGOs. 2) Ms Heather Sonn (“Heather”) tendered her resignation from the Board with effect from 30 July 2018 in order to focus her efforts on her position as chairperson of the supervisory board of Steinhoff International Holdings N.V. (“Steinhoff NV”). The Board would like to thank Heather for her contribution in assisting the Company through a challenging time. 3) Appointment of Mr Philip Dieperink (“Philip”) as a non-executive director with effect from 30 July 2018 to replace Heather. Philip earned his honours degree in accountancy at the University of Pretoria. He joined Deloitte & Touche (“Deloitte”) in 1980, where he qualified as a chartered accountant in 1981. He transferred to the tax division, specialising in corporate and international tax planning, and became a tax partner in 1987. After leaving Deloitte, he joined Unitrans Limited (“Unitrans”) as chief financial officer and helped to develop the strategic direction and growth of the Unitrans group over 10 years, until 2007, when Unitrans was purchased by the Steinhoff group. He holds several other appointments within the Steinhoff group of companies and currently serves on the boards of directors of Steinhoff Asia Pacific Limited and Cofel. In September 2007, he relocated to the United Kingdom to assume the position of chief financial officer of Steinhoff UK Holdings Limited. Philip was appointed as chief financial officer and member of the management board of Steinhoff NV on 20 April 2018. 4) In accordance with the Company`s standard practices, non-executive directors who are categorised as independent, underwent an external evaluation of their independence and it was concluded that Jayendra Naidoo should be classified as a non-executive director. 5) The Board has established a social and ethics committee as required by the Companies Act no 71 of 2008. This requirement was previously fulfilled by the Steinhoff Investment Holdings Limited Governance and Sustainability Committee. Ms. Fagmeedah Petersen-Cook has been appointed as the chairperson of the Company`s social and ethics committee and Mr Leon Lourens has been appointed as a member of the social and ethics committee. The Board believes that it represents an excellent, diversified set of skills. The recent additions to the Board boost the set of skills required to ensure that the Board is equipped to deal with the challenges it faces in a difficult economic environment, and as it implements the strategy of the business in order to grow and expand. The independence of the Board is strengthened by the designation of Mr Johann Cilliers as lead independent non-executive director, as announced on 29 May 2018. Parow 31 July 2018 Sponsor: PSG Capital Date: 31/07/2018 04:00:00 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.