STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff Disposal of Kika/Leiner
15 June 2018 7:05
SNH SHFF 201806150001A
Steinhoff – Disposal of Kika/Leiner

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


DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ART. 17 OF THE EU MARKET ABUSE
REGULATION (EU 596/2014, MAR)

Steinhoff – Disposal of Kika/Leiner
Steinhoff International Holdings N.V. (the “Company” and with its subsidiaries, the “Group”)

Certain Group companies have today accepted a conditional offer from SIGNA Holding
GmbH (the “Purchaser”) to sell the Kika/Leiner operating companies (the “OpCos”) and
property holding companies (the “PropCos”, and together with the OpCos, the “Kika/Leiner
Sale Assets”), subject to the entry into final transaction documents (the “Disposals”).

If the offer becomes unconditional and final transaction documents are agreed:

   •   The consideration for each of the OpCos shall be nominal. The consideration for the
       PropCos will be based on an agreed enterprise value, subject to certain agreed
       adjustments.

   •   Following the Disposals, the Group and the Kika/Leiner Sale Assets shall have no claims,
       receivables or other liabilities to each other. Any cash demands on the Group from
       the Kika/Leiner Sale Assets will now cease.

   •   The Purchaser has reserved the right to undertake confirmatory due diligence with
       respect to the OpCos until 19 June 2018 and the Purchaser reserves a termination right
       in respect of the acquisition of the PropCos to the end of July 2018 with closing
       expected by the end of September 2018.

   •   The Disposals will be conditional upon any merger control clearance applicable in the
       relevant jurisdictions.

Shareholders and other investors in the Company are advised to exercise caution when
dealing in the securities of the Group.

JSE Sponsor: PSG Capital
Stellenbosch, 14 June 2018

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