PEPKOR HOLDINGS LIMITED - Overview Of Forensic Investigation At Steinhoff International

Overview Of Forensic Investigation At Steinhoff International

Pepkor Holdings Limited
(Previously Steinhoff Africa Retail Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: PPH
ISIN: ZAE000259479
(“Pepkor” or “the Company”)

OVERVIEW OF FORENSIC INVESTIGATION AT STEINHOFF INTERNATIONAL

Pepkor shareholders are referred to the findings released by Steinhoff International Holdings
N.V. (“Steinhoff”) on Friday 15 March 2019 titled Overview of Forensic Investigation (the
“Overview”), which reported on the investigation into Steinhoff’s affairs conducted by
PricewaterhouseCoopers (“the PWC investigation”).

Pepkor highlights clause 3.2.4. of the Overview which confirms that “Pepkor Holdings, nor any
of the other South African operating entities, were identified as having received such (fictitious
or irregular) contributions” (from Steinhoff or any related party).

Pepkor CEO Leon Lourens commented: “The findings confirm what we have always known.
Pepkor’s financial results for the 2017 and 2018 financial years therefore remain unaffected.
This again illustrates that the appropriate financial and corporate governance structures are
in place within Pepkor. It also confirms the values and principles which we stand for and on
which our business was built. Pepkor will continue to operate in this way and remains focused
on creating value for our customers and other stakeholders.”

Parow
18 March 2019

Sponsor
PSG Capital

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