10 Sep - 3 min read

Result Of SIHPL S155 Contractual Claimants Meeting

Result Of SIHPL S155 Contractual Claimants Meeting

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)

RESULT OF SIHPL S155 CONTRACTUAL CLAIMANTS MEETING

Steinhoff International Holdings N.V. (“SIHNV” or the “Company” and together with its other
subsidiaries, “Steinhoff” or the “Steinhoff Group”) and Steinhoff International Holdings
Proprietary Limited (“SIHPL”) report that at the meeting of the SIHPL Contractual Claimants
held today the S155 Proposal obtained sufficient support to pass the applicable statutory
thresholds for approval (a majority in number representing at least 75% by value) from the SIHPL
Contractual Claimants.

As previously explained, SIHPL’s proposal in terms of section 155 of the South African
Companies Act, 71 of 2008 (the “S155 Proposal”) proposed three classes of claimants for
voting: the SIHPL Financial Creditors; the SIHPL Market Purchase Claimants (“MPCs”); and the
SIHPL Contractual Claimants.

On 6 September 2021, two of the three creditors’ class meetings were concluded. Steinhoff
reported the same day that both meetings obtained sufficient support to pass the applicable
statutory thresholds for approval from the SIHPL Financial Creditors and the SIHPL MPCs at their
respective meetings.

The meeting of the SIHPL Contractual Claimants to vote on the S155 Proposal resumed today
at 14:00 (SAST) and it obtained overwhelming sufficient support to pass the applicable
statutory thresholds for approval from the SIHPL Contractual Claimants.

All three classes of SIHPL claimants have now voted in favour of the s155 Proposal, without a
single vote being cast against the approval of the S155 Proposal. SIHPL will forthwith apply to
the Cape High Court for an Order approving and sanctioning the proposal.

In addition, as announced on 8 September 2021, the Committee of Representatives has also
voted unanimously in favour of the Composition Plan in terms of SIHNV’s Dutch suspension of
payments proceedings. This outcome will now also need to be considered by the District Court
of Amsterdam in a subsequent confirmation hearing, which has been scheduled at 10.00 am
(CET) on 16 September 2021 at the District Court of Amsterdam.

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

Stellenbosch, South Africa

Contact:
Steinhoff International Holdings N.V.
Investor Relations
Phone: +27 21 808 0700
E-mail: investors@steinhoffinternational.com

10 September 2021

JSE Sponsor: PSG Capital

Date: 10-09-2021 03:00:00
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