Steinhoff – Update on Forensic Report Ruling 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 STEINHOFF – UPDATE ON FORENSIC REPORT RULING Steinhoff International Holdings N.V. (“Steinhoff” or the “Company””) provides the following update on the court ruling of 10 May 2022 in respect of the forensic report. Court ruling – Forensic Report The Western Cape Division of the High Court of South Africa ruled on 10 May 2022 that Steinhoff must supply Tiso Blackstar and amaBhungane with a copy of the PwC report within ten days. The Court found that Steinhoff failed to establish that the report was protected by legal privilege in that Steinhoff already contemplated there would be litigation when the report was commissioned. After due consideration and taking legal advice on the matter, Steinhoff has filed a notice applying for leave to appeal. Reasons behind the decision to appeal The continued protection of the contents of the report remains necessary. Steinhoff initially instructed Werksmans to appoint PwC to act as an independent investigator and expert in regard to anticipated legal actions both by and against Steinhoff. In the ongoing litigation - principally recovery actions - Steinhoff continues to rely on the report. Steinhoff is prejudiced by the premature disclosure of the contents. Since the events of December 2017, Steinhoff has willingly co-operated with various regulators and enforcement agencies and necessary access to the report has been given by Steinhoff. Similarly these various regulators and enforcement agencies have an interest in the continued protection of the contents of the report. In relation to the Court ruling, on 8 December 2017 (three days after Markus Jooste resigned), the Dutch Investors Association ("VEB") sent a demand to Steinhoff which stated that "The VEB wished to enter into consultations with you regarding an amicable settlement, failing which the VEB considers it is free to take legal action against you". Steinhoff's grounds for appeal include that - the Court having noted the VEB demand - it overlooked the fact and effect of the demand, which Steinhoff contends was clear evidence that litigation was already contemplated when PwC was engaged a short time thereafter. Similarly, Steinhoff contends that the Court should have taken into account evidence presented by Steinhoff as to its intentions and the purpose for which PwC was appointed, and the role that Steinhoff intended PwC was to play. The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited. Stellenbosch, South Africa 23 May 2022 JSE Sponsor: PSG Capital Date: 23-05-2022 10:10:00 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.