12 Aug - 3 min read

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)
ISIN: ZAE000068367



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

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

JSE Sponsor: PSG Capital

Date: 12-08-2021 07:05:00
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