Operational Update

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019

OPERATIONAL UPDATE

Steinhoff International Holdings N.V. (“Steinhoff” and with its subsidiaries, the “Steinhoff Group”).

PEPCO GROUP: Year-end Pre-Close Trading Statement

Shareholders are advised that Steinhoff’s subsidiary, the fast-growing pan-European variety discount retailer,
Pepco Group, owner of the PEPCO and Dealz brands in mainland Europe and Poundland in the United
Kingdom, has today released a pre-close trading statement for the financial year ending 30 September 2022.
The trading statement is available on the Pepco Group website (https://www.pepcogroup.eu/).

MATTRESS FIRM: Update

Mattress Firm is the largest omni-channel mattress speciality retailer in the United States, with more than 2
300 retail stores nationwide, giving it the largest national, coast-to-coast retail footprint of any mattress
speciality retailer in the United States.

Steinhoff announced on 31 August 2021 that Mattress Firm had commenced evaluating a range of strategic
options, including a potential public listing. Further updates on the potential IPO-process were provided on
20 September 2021 and 10 January 2022. At Steinhoff’s AGM in March 2022 the market was informed that
while Mattress Firm was IPO-ready, the Steinhoff Group would continue to monitor the financial markets
and would continue to investigate all options. This message was once again conveyed in the Analyst Day
presentation at the end of July 2022.

While the monitoring of market conditions is ongoing, the Steinhoff Group is continuing to explore strategic
options for Mattress Firm. The evaluation process remains ongoing and no definitive decision has been
taken with respect to any specific course of action

STEP 3: Group Services debt
The Steinhoff Group is continuing to engage with the various lender groups, with the assistance of market
experts, to restructuring the Group Services debt with a view to extending the duration. Further information
will be provided to the market as and when appropriate.

Steinhoff has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.

Stellenbosch, 12 October 2022

Sponsor: PSG Capital

Date: 12-10-2022 07:30:00
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.