15 December 2017

Steinhoff International

South Africa: Steinhoff Changes To The Supervisory Board

Photo: Steinhoff International
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press release

Stellenbosch — Steinhoff International Holdings N.V. (the "Company") - The Company is providing the following update further to its announcement dated 8 December 2018.

Dr Christo Wiese, Chairman of the Supervisory Board and Delegated Supervisory Chairman today offered to resign from the Supervisory Board.

Dr Wiese made this offer in order to reinforce the independent governance of the Company of which he is a major shareholder. The Supervisory Board, on the advice of the independent committee of the Supervisory Board, has accepted his resignation to address any possible conflict of interest that may exist. Dr Wiese has offered to provide any ongoing assistance that may be required by the Company.

The Supervisory Board would like to use this opportunity to thank Dr Wiese for his contribution to the Company and wish him well in his future endeavours.

Ms Heather Sonn, a member of the Supervisory Board and its independent sub-committee, has agreed to assume the position of acting Chairperson. Ms Sonn will remain a member of the independent committee together with the other two members, Johan van Zyl and Dr Steve Booysen.

In addition, given the family relationship, Mr Jacob Wiese has also offered his resignation which has been accepted. The Supervisory Board acknowledges Mr Wiese's contribution to the Company and his offer of ongoing assistance.

Shareholders and other investors in the company are advised to exercise caution when dealing in the securities of the group.

Stellenbosch, 14 December 2017

Sponsor: PSG Capital
Steinhoff International Holdings N.V.
Date: 15/12/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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