Annual Results For The Year Ended 30 September 2022 Steinhoff Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1954/001893/06) JSE Code: SHFF ISIN: ZAE000068367 (“Steinhoff Investments”, “Company” or the “Group”) ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 1. SALIENT FEATURES • Revenue from continuing operations, comprising Pepkor Holdings only, increased by 5.3% to R81.4 billion for the year ending 30 September 2022 (“FY 2022”, “Reporting Period”) from R77.3 billion in the previous year. • Operating profit from continuing operations improved by 68.1% from a profit of R11.9 billion recorded for FY 2021 to a profit of R20.0 billion in FY 2022. The increase is mainly driven by the non-cash items listed below: o The derecognition of the SIHPL CPU and the recognition and subsequent remeasurement of the S155 Settlement Note with limited recourse resulted in a net gain of R17.0 billion. o An impairment of R3.5 billion (2021: reversal of R11.3 billion) was recorded in respect of financial assets. o The total loss on recognition of financial assets and liabilities amounted to R3.3 billion (2021: R2.2 billion). • The majority of the Group’s litigation settlement provision was settled during the year. The Steinhoff Investment’s share of the settlement consisted of R9.0 billion in cash, R6.9 billion in Pepkor Holdings shares and R0.3 billion in call options. The balance of the settlement was paid by the holding company, Steinhoff International Holdings N.V. • Headline earnings per share improved from 11 843.6 cents in FY 2021 to 26 797.0 cents in FY 2022. • Basic earnings per share improved from 11 685.5 cents in FY 2021 to 25 863.6 cents in FY 2022. • Two preference share dividends were declared, as set out in the terms of the preference shares: o on 24 March 2022, the Board declared a gross dividend of 293.55308 cents per preference share, which was paid on 25 April 2022; and o on 29 September 2022, the Board declared a gross dividend of 315.59075 cents per preference share, which was paid on 24 October 2022. 2. OVERVIEW Steinhoff Investments is a wholly-owned subsidiary of Steinhoff International Holdings N.V. and is the issuer of variable rate, cumulative, non-redeemable, non-participating preference shares with a capital value of R1.5 billion. The preference shares are listed on the JSE. The Company’s Consolidated Financial Statements cover the year ended 30 September 2022 and also address the material events subsequent to the reporting date up to the publication date of this report. 3. DIVIDEND DECLARATION – Ordinary shares On 15 February 2022 the Company declared a gross ordinary dividend of R8.7 billion, payable to Steinhoff International Holdings N.V., as part of the implementation of the Global Litigation Settlement. 4. EXTERNAL AUDIT The 2022 Consolidated Financial Statements have been audited by the Company’s auditors, Mazars, who expressed an unqualified audit opinion thereon. The full auditor’s report forms part of the 2022 Consolidated Financial Statements and includes details of the key audit matters. The 2022 Consolidated Financial Statements are available through the links provided below. 5. SHORT-FORM ANNOUNCEMENT This short-form announcement is the responsibility of the directors of the Company. It is only a summary of the information in the 2022 Consolidated Financial Statements and does not contain full or complete details. This announcement has not been audited but has been extracted from the 2022 Consolidated Financial Statements. The 2022 Consolidated Financial Statements can be found at: https://senspdf.jse.co.za/documents/2022/jse/issh/shffh/SHFFFY22.pdf and is also available on Steinhoff International’s website http://www.steinhoffinternational.com or may be requested in person, at the Company's registered office or the office of the sponsor, at no charge, during office hours. Any investment decisions by investors and/or preference shareholders should be based on consideration of the full announcement, as a whole. These results have been prepared under the supervision of TLR de Klerk (director); BCom (Hons), CTA, HDip (Tax), CFM. 15 December 2022 JSE Sponsor: PSG Capital Date: 15-12-2022 05:30:00 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.