Steinhoff International Holdings N.V. – Interim Extension Option Request
Steinhoff International Holdings N.V. – Interim Extension Option Request 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 INTERNATIONAL HOLDINGS N.V. – INTERIM EXTENSION OPTION REQUEST Steinhoff International Holdings N.V. (“SIHNV” or the “Company”, together with its subsidiaries, “Steinhoff” or the “Steinhoff Group”) provides the following update on the interim extension option request granted today. SIHNV has today obtained confirmation that the necessary approvals have been granted by the Simple Majority Guarantee Creditors under the Umbrella Agreement (as defined below) allowing for extensions by 12 months until 31 December 2022 to the final “Maturity Date” and/or “Termination Date” under the Steinhoff Finance Documents (as defined below). Steinhoff refers to (1) the umbrella agreement dated 12 August 2019 between SIHNV, the Umbrella Agent and certain other Agents as amended and restated on 5 February 2021 (the “Umbrella Agreement”); and (2) the “Interim Extension Option Request” as defined in and provided under clause 17 of the Umbrella Agreement. The Interim Extension Option Request permitted SIHNV to seek a 12 month extension to final “Maturity Dates” and/or “Termination Dates” even if the global settlement proposal has not been implemented. The Interim Extension is separate to the extension by 6 months to 30 June 2023 which will occur automatically once the settlement effective date of the Steinhoff global settlement occurs. That extension to the 30 June 2023 is capable of extension up to a further 6 months subject to a separate financial creditor consent. Accordingly, on the “Maturity Date” and/or the “Termination Date” set out in each of the following facilities agreements and contingent payment undertakings were extended: (i) Umbrella Agreement; (ii) SEAG First Lien Facilities Agreement; (iii) SEAG Second Lien Facilities Agreement; (iv) SFHG 21/22 Facilities Agreement; (v) SFHG 23 Facilities Agreement; (vi) Hemisphere Facility Agreement; (vii) NV/SEAG Contingent Payment Undertaking; (viii) NV/SFHG 21/22 Contingent Payment Undertaking; (ix) NV/SFHG 23 Contingent Payment Undertaking; (x) NV/Hemisphere Contingent Payment Undertaking; and (xi) SIHPL/SFHG Contingent Payment Undertaking, (together, the “Steinhoff Finance Documents”). The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited. Stellenbosch, South Africa 11 August 2021 Contact: Steinhoff International Holdings N.V. Investor Relations Phone: +27 21 808 0700 E-mail: email@example.com JSE Sponsor: PSG Capital Date: 12-08-2021 07:05:00 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.