20 Sep - 5 min read

Notices In Terms Of Section 155 Of The Companies Act 71 Of 2008

Notices In Terms Of Section 155 Of The Companies Act 71 Of 2008

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

NOTICES IN TERMS OF SECTION 155 OF THE COMPANIES ACT 71 OF 2008
RELATING TO STEINHOFF INTERNATIONAL HOLDINGS PROPRIETARY LIMITED ("the Company")
(THIS NOTICE IS A REPEAT OF THE NOTICE RELEASED ON 13 SEPTEMBER 2021 AS REQUIRED IN TERMS OF
THE ORDER GRANTED BY THE WESTERN CAPE DIVISION OF THE HIGH COURT UNDER CASE NUMBER
16377/2020, AVAILABLE ON WWW.STEINHOFFSETTLEMENT.COM)

Capitalised terms used herein and not otherwise defined shall have the meaning ascribed thereto in the
compromise that has been proposed by the Company to Scheme Creditors (the "Proposal") in accordance with
section 155 of the Companies Act 71 of 2008, as amended ("Companies Act"), available at
www.SteinhoffSettlement.com.

Part A – NOTICE OF RESULTS OF MEETINGS

1      Notice is hereby given to Scheme Creditors that the results of the virtual meetings (collectively "Meetings"
       and individually "Meeting") held in terms of section 155(6) of the Companies Act for the purposes of
       considering and voting on the Proposal are as set out below.

2      At the Meeting of the Financial Creditors held on 6 September 2021, the Financial Creditors voted as
       follows:

2.1    100% in number of the Financial Creditors present and voting (all by proxy) voted in favour of the
       Proposal; and
2.2    100% in value of the Financial Creditors present and voting (all by proxy) voted in favour of the
       Proposal,

       and accordingly the Proposal was adopted by the Financial Creditors.

3      At the Meeting of the Contractual Claimants held on 10 September 2021, the Contractual Claimants voted
       as follows:

3.1    100% in number of the Contractual Claimants present and voting in person or by proxy voted in
       favour of the Proposal. Of the 16 Contractual Claimants present (in person or by proxy) at the
       Meeting, 1 Contractual Claimant abstained from voting on the Proposal; and

3.2    100% in value of the Contractual Claimants present and voting in person or by proxy representing
       95.42% in value of the claims of all Contractual Claimants voted in favour of the Proposal,

       and accordingly the Proposal was adopted by the Contractual Claimants.

4      At the Meeting of the SIHPL Market Purchase Claimants held on 6 September 2021, the SIHPL Market
       Purchase Claimants voted as follows:

4.1    100% in number of the SIHPL Market Purchase Claimants present and voting in person or by proxy
       voted in favour of the Proposal. Of the 8,481 SIHPL Market Purchase Claimants present in person
       or by proxy at the Meeting, 1 SIHPL Market Purchase Claimant abstained from voting on the
       Proposal; and

4.2    100% in value of the SIHPL Market Purchase Claimants present and voting in person or by proxy
       representing 99.9999398054% in value of the claims of all SIHPL Market Purchase Claimants
       present at the Meeting voted in favour of the Proposal,

       and accordingly the Proposal was adopted by the SIHPL Market Purchase Claimants.

5      A proposal as contemplated in section 155 of the Companies Act will have been adopted by the creditors,
       or the members of a relevant class of creditors, if it is supported by a majority in number representing at
       least 75% in value of the creditors or class, as the case may be, present and voting in person or by proxy
       at a meeting called for that purpose.

6      As each Class of Scheme Creditors has adopted the Proposal by a majority in number representing not
       less than 75% in value of each Class of Scheme Creditors, present and voting in person or by proxy at
       the Meetings, the Proposal has been Adopted as defined in the Proposal and as contemplated by section
       155 of the Companies Act.

Part B – NOTICE OF THE COMPANY'S SANCTION APPLICATION

1      Notice is hereby given that, in light of the fact that the Proposal was Adopted at the Meetings, SIHPL has
       issued its application to the Western Cape Division of the High Court of South Africa for an Order
       approving and sanctioning the Proposal in accordance with section 155 of the Companies Act (the
       "Sanction Application").

2      Electronic copies of the papers filed by SIHPL in the Sanction Application are available at
       www.SteinhoffSettlement.com under the 'Case Documents' tab and on www.steinhoffinternational.com.

Part C - TRANSLATIONS OF THIS NOTICE

In addition to the languages below, a translated version of this notice will be made available in Arabic, Bulgarian,
Czech, Greek, Hebrew, Hungarian, Latvian, Lithuanian, Mandarin, Polish, Romanian, Slovak, Slovene and/or
Turkish on request (e-mail: info@SteinhoffSettlement.com).

Prevedena verzija ove Obavijesti bit ve dostupna na zahtjev na hrvatski
(e-mail: info@SteinhoffSettlement.com).
En oversat version af denne meddelelse vil blive gjort tilgængelig efter anmodning på dansk
(e-mail: info@SteinhoffSettlement.com).
Een vertaalde versie van deze mededeling zal op verzoek beschikbaar worden gesteld in het Nederlands
(e-mail: info@SteinhoffSettlement.com).
Selle teadaande eesti keelde tõlgitud versioon tehakse kättesaadavaks vastava taotluse esitamisel
(e-mail: info@SteinhoffSettlement.com).
Une version traduite en français de cette notice sera fournie sur demande
(e-mail: info@SteinhoffSettlement.com).
Eine übersetzte Version dieses Hinweises wird auf Anfrage auf Deutsch zur Verfügung gestellt
(e-mail: info@SteinhoffSettlement.com).
Þýdd útgáfa af þessari tilkynningu verður fáanleg samkvæmt beiðni á Íslensku
(e-mail: info@SteinhoffSettlement.com).
Un versione tradotta del presente Avviso verrà resa disponibile su richiesta in Italiano
(e-mail: info@SteinhoffSettlement.com).
En oversatt versjon av denne merknaden vil bli gjort tilgjengelig på forespørsel på Norsk
(e-mail: info@SteinhoffSettlement.com).
Mediante pedido, será disponibilizada uma versão traduzida do presente Aviso em Português
(e-mail: info@SteinhoffSettlement.com).
Toleo lililotafsiriwa la Notisi hii litatolewa endapo litaombwa katika kiswahili
(e-mail: info@SteinhoffSettlement.com).
Vid behov kommer en översatt version av detta meddelande att göras tillgänglig på svensk
(e-mail: info@SteinhoffSettlement.com).
Se pondrá a disposición de los interesados una versión de este Aviso traducida al español
(e-mail: info@SteinhoffSettlement.com).

Steinhoff International Holdings N.V. has a primary listing on the Frankfurt Stock Exchange and a secondary
listing on the JSE Limited.

JSE Sponsor: PSG Capital
Stellenbosch, South Africa
20 September 2021

Date: 20-09-2021 02:00:00
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