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STEINHOFF INTERNATIONAL HOLDINGS N.V. - Dutch Court Rejects Hamiltons Appeal

Release Date: 01/07/2021 10:30
Code(s): SNH SHFF     PDF:  
Wrap Text
Dutch Court Rejects Hamilton’s Appeal

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

DUTCH COURT REJECTS HAMILTON’S APPEAL

Steinhoff International Holdings N.V. (“SIHNV”) provides the following update on the Dutch
suspension of payments proceedings (the “Dutch SoP”).

As announced previously, Hamilton lodged an appeal against the 28 May 2021 decision of the
Amsterdam District Court (the “Court”) concerning both (i) the appointment of a committee
of representation and (ii) measures regarding the list of claims as referred to in Article 259 of
the Dutch Bankruptcy Act (Faillissementswet). That hearing on the admissibility of the appeal
was heard on 22 June 2021 before the Amsterdam Court of Appeal (the “Court of Appeal”).
In a judgment dated 29 June 2021 the Court of Appeal has rejected Hamilton’s appeal.

In addition, Hamilton has separately lodged an appeal against the 15 June 2021 ruling of the
Court to dismiss the counter-requests made by Hamilton for interim measures related to the
Dutch SoP claim analysis and voting process. That appeal is currently pending before the Court
of Appeal.

SIHNV will continue its defence against any attempt to disrupt the proposed global litigation
settlement and SIHNV’s ongoing Dutch SoP.

As usual further updates will be provided to the market in due course.

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

Stellenbosch, South Africa

1 July 2021

JSE Sponsor: PSG Capital

Date: 01-07-2021 10:30:00
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