STEINHOFF INTERNATIONAL HOLDINGS N.V. - Update On Dutch Suspension Of Payments Procedure And Ongoing Related Litigation

Update On Dutch Suspension Of Payments Procedure And Ongoing Related Litigation

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

UPDATE ON DUTCH SUSPENSION OF PAYMENTS PROCEDURE AND ONGOING RELATED LITIGATION

Steinhoff International Holdings N.V. (“SIHNV”) announces that further to the previously
announced appointment of a committee of representation (“CoR”) and the ruling for
measures regarding the list of claims as referred to in Article 259 of the Dutch Bankruptcy Act
(Faillissementswet), the Amsterdam District Court (the “Court”) on Friday 4 June 2021 heard the
requests made by certain opposing parties (i.e. Hamilton and Lancaster) for:

   •   interim measures related to the claim analysis (Hamilton);
   •   the termination of the suspension of payment proceedings (the “SoP”) (Lancaster);
   •   certain information (Lancaster);
   •   the appointment of experts (Lancaster); and
   •   the adjournment of the creditor meeting and voting date as currently scheduled for 30
       June 2021 (Lancaster).

In the hearing SIHNV opposed the Hamilton and Lancaster requests.

During and by the conclusion of the hearing, Lancaster withdrew all of its requests. As a
consequence, these requests are no longer pending and do not need to be resolved by the
Court.

Hamilton, however, continued with its request for interim measures. SIHNV, SIHNV’s
administrators and other attending parties all opposed this request. The Court will now have
to resolve the issues raised by Hamilton and is expected to make an order within two weeks
from 4 June 2021.

Shortly following the hearing Hamilton lodged an appeal against the 28 May 2021 decision of
the Court to appoint the CoR. SIHNV will continue its defence against any attempt to disrupt
the proposed global settlement and SIHNV’s ongoing SoP.

Further updates will be provided in due course.

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

Stellenbosch, South Africa

7 June 2021

JSE Sponsor: PSG Capital

Date: 07-06-2021 07:30:00
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.