STEINHOFF INTERNATIONAL HOLDINGS N.V. - Reviewed Annual Results For Pepkor Holdings Limited (Pepkor)

Reviewed Annual Results For Pepkor Holdings Limited (“Pepkor”)

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019


Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
ISIN: ZAE000068367


GENERAL UPDATE
Steinhoff International Holdings N.V. (“Steinhoff” or the “Company” and with its subsidiaries, the “Steinhoff
Group”).


REVIEWED ANNUAL RESULTS FOR PEPKOR HOLDINGS LIMITED (“PEPKOR”)
Shareholders of the Company and holders of the cumulative, non-redeemable, non-participating, variable
rate preference shares issued by Steinhoff Investment Holdings Limited are referred to PEPKOR’s reviewed
annual results for the year ended 30 September 2022 published today. Copies of the documents are available
on PEPKOR’s website www.pepkor.co.za.


UPDATE ON STEP 3 - Restructure Group Services debt
With the completion of step 2 in February 2022 - the Global Litigation Settlement – the Steinhoff Group
announced that management’s full focus shifted to the final step – restructuring the Group Services debt
which was disclosed as Corporate and treasury services debt within note 10 to the 2022 Half-year Results.
The Steinhoff Group has continued to engage throughout the year with the various lender groups, while
drawing on the assistance of market experts, in order to explore options to restructure the Group Services
debt. This already complex process has been made even more challenging as a result of the deteriorating
global macroeconomic environment in which asset valuations are under pressure, risk tolerances have
reduced and interest rates increased.
Notwithstanding these challenges the Steinhoff Group is continuing to engage with the various lender
groups in pursuit of the common aim – to find a solution to extend the maturity dates of the Group Services
debt.
Further information will be provided to the market as and when available.


The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE
Limited.


Stellenbosch, 22 November 2022
Sponsor: PSG Capital

Date: 22-11-2022 08:00:00
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