STEINHOFF INTERNATIONAL HOLDINGS N.V. - Independent Governance Strengthened At Steinhoff
11 December 2017 7:05
SNH 201712110001A
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

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