STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff International Holdings N.V. Publication Of Updated Whoa Restructuring Plan

Steinhoff International Holdings N.V. – Publication Of Updated Whoa Restructuring Plan

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

STEINHOFF INTERNATIONAL HOLDINGS N.V. – PUBLICATION OF UPDATED WHOA RESTRUCTURING
PLAN

Further to the announcement on 26 April 2023, Steinhoff International Holdings N.V. (“SIHNV”)
announces an update to its Dutch law restructuring plan (akkoord) (“WHOA Restructuring
Plan”). Unless defined otherwise, terms used in this announcement will have the meaning given
to them in the WHOA Restructuring Plan.

The updated WHOA Restructuring Plan will be published on www.steinhoffinternational.com.
The addition of an extra day in the timetable (as described below) and the further technical
amendments do not result in any material changes to the terms of the Transaction. The
amendments relate to the following:

   •   the date as of which affected stakeholders must hold shares or claims (as applicable)
       to be admitted to vote on the WHOA Restructuring Plan (the “Voting Record Date”)
       has been set at 10 May 2023 (23:59 CET) (instead of 9 May 2023 (23:59 CET) as originally
       proposed);

   •   the period of time during which the affected stakeholders may cast their vote (the
       “Voting Period”) has been amended to 11 May 2023 (00:01 CET) until 24 May 2023
       (23:59 CET) (instead of 10 May 2023 (00:01 CET) until 23 May 2023 (23:59 CET) as originally
       proposed);

   •   the ultimate date on which the report on the results of the voting will be distributed (the
       “Voting Report”) has been amended to 31 May 2023 (instead of 30 May 2023 as
       originally proposed); and

   •   the Implementation Steps have been amended and supplemented with respect to
       the funding of the subscription price of the Restructuring Plan Shares to allow for such
       funding to occur by way of a combination of third-party loans and a set-off of a portion
       of the CPU debt (instead of the relevant Implementation Steps only allowing for either
       the loans or the set-off as originally proposed).

The amendments set out above will result in consequential changes to the voting notices for
Restructuring Plan Stakeholders (Schedule 7), the Draft Consent Request (Schedule 10), the
Draft Dissolution EGM Notice (Schedule 12), the Implementation Deed and the
Implementation Steps Chart.

The updated WHOA Restructuring Plan (including schedules thereto) and other relevant
updated documents will be published on www.steinhoffinternational.com.

The updated indicative timetable for principal events in the WHOA process is as follows:

 Event                                                      Date and/or Time

 Voting Record Date – the date as of which affected         Wednesday 10 May 2023 at 23.59
 stakeholders must hold shares or claims (as applicable)    CET
 to be admitted to vote on the WHOA Restructuring Plan.
 Voting Period – the period of time during which the        Thursday 11 May 2023 at 00:01
 affected stakeholders may cast their vote.                 CET until Wednesday 24 May
                                                            2023 at 23:59 CET
 Voting Report – the ultimate date on which the report on   Ultimately on Wednesday 31 May
 the results of the voting will be distributed.             2023
 Request for scheduling of Confirmation Hearing – the       At SIHNV’s election, as soon as
 date on which the Dutch Court is requested (if SIHNV       practicable after distribution of
 elects to do so) to schedule a hearing on the              the Voting Report.
 confirmation of the WHOA Restructuring Plan.

 Confirmation Hearing – the date of the hearing             To be scheduled by the Dutch
 regarding the confirmation of the WHOA Restructuring       Court
 Plan.
 Confirmation Order – the date on which the Dutch Court     To be scheduled by the Dutch
 confirms the WHOA Restructuring Plan and the WHOA          Court
 Restructuring Plan becomes binding and effective.
 Completion Time - the date and time on which the last      The date and time specified in
 step for the implementation of the Transaction             the completion notice to be
 contemplated by the WHOA Restructuring Plan has            issued by SIHNV on its website
 been completed (the “Completion Time”).                    promptly      following     the
                                                            occurrence of (and on the same
                                                            date as) the Completion Time

In order for shareholders to ensure that they are recognised as valid holders of the relevant
shares on the Voting Record Date, holders of shares listed on the FSE should ensure that they
conclude any transactions two business days before the Voting Record Date (i.e. on Monday
8 May 2023) and holders of shares listed on the JSE should ensure that they conclude any
transactions three business days before the Voting Record Date (i.e. on Friday 5 May 2023).

Further updates and information will be made available on www.steinhoffinternational.com.

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

Stellenbosch, South Africa

4 May 2023
JSE Sponsor: PSG Capital

Date: 04-05-2023 10:30:00
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