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STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff International Holdings N.V. Conditional Settlement With LSW

Release Date: 21/02/2023 11:00
Code(s): SNH     PDF:  
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Steinhoff International Holdings N.V. – Conditional Settlement With LSW

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


Steinhoff International Holdings N.V. – Conditional settlement with LSW
Steinhoff International Holdings N.V. (the “Company” or “Steinhoff” and with its subsidiaries, the
“Steinhoff Group”).

As previously disclosed in the Company’s annual reports, litigation with certain entities including and
affiliated to LSW GmbH (the “LSW Entities”) relating to the Conforama Group has been ongoing
between the parties.

On 20 February 2023 Steinhoff and certain LSW Entities reached a full and final settlement of all
outstanding litigation between the parties to be concluded before the Commercial Court of Vienna for
total payment of €202.12 million (“the Settlement”). The Settlement is subject to the fulfilment of
certain conditions, including Steinhoff Group lender consent.

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

Stellenbosch, 21 February 2023

JSE Sponsor: PSG Capital

Date: 21-02-2023 11:00:00
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