Independent Governance Strengthened At Steinhoff Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Independent governance strengthened at Steinhoff Following the resignation of the former CEO, Markus Jooste, and subsequent events, the Supervisory Board of the Company has taken a number of actions to date, including the following: - A board subcommittee, composed solely of independent non-executive directors and headed by Johan van Zyl has been constituted to bolster the independent governance of the group. The other members are Dr Steve Booysen and Ms Heather Sonn; - The audit committee is working with our statutory auditors, Deloitte to facilitate the release of our audited financial statements; - PWC has been appointed as forensic investigators and they have commenced their investigations; and Trading in the underlying businesses across the globe continues uninterrupted particularly in the pre-Christmas period. Steinhoff is a global group with 130 000 employees in its underlying operations comprising approximately 12 000 retail outlets in 30 countries with many successful underlying operations. Stellenbosch 8 December 2017 Sponsor: PSG Capital Date: 11/12/2017 07:05:00 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.