Update On Tekkie Town Steinhoff Africa Retail Limited (Previously K2017221869 (South Africa) Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number: 2017/221869/06) Share Code: SRR ISIN: ZAE000247995 (“STAR” or the “Company”) UPDATE ON TEKKIE TOWN STAR has today obtained from the Western Cape High Court a court order on an urgent basis against four senior members of the previous Tekkie Town management team interdicting the respondents from conducting certain actions against STAR which include interference with the Tekkie Town Information Technology System and destabilising operations. CEO Leon Lourens commented: “It is regrettable that we have had to take such legal action. We remain focussed on the continued success of STAR and Tekkie Town with our determined and committed team and will focus on continued growth. Our ethics and values have never changed and never will. We will continue to use the necessary legal process available to protect our business.” “The interim management and support team, together with staff members who have remained in the business, continue to operate Tekkie Town in a stable manner. The supply chain is operational, all stores are trading and performance is in line with targeted levels. The performance of all other STAR businesses remains unaffected”. Tekkie Town continues to be an important part of STAR, operating more than 380 stores, and providing employment to more than 3 000 employees. Parow 6 July 2018 Sponsor: PSG Capital Date: 06/07/2018 03:10:00 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.
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