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Steinhoff International Holdings N.V. – appointment of restructuring expert rejected

Published: 2023-06-01 18:45:29 ET

Steinhoff International Holdings N.V.

(Incorporated in the Netherlands)

(Registration number: 63570173)

Share Code: SNH

ISIN: NL0011375019



STEINHOFF INTERNATIONAL HOLDINGS N.V. – APPOINTMENT OF RESTRUCTURING EXPERT
REJECTED

Steinhoff International Holdings N.V. (“SIHNV” or the “Company”) provides the following update on its
Dutch law restructuring plan (akkoord) (“WHOA Restructuring Plan”).



As stated by the Company on 29 May 2023 a shareholder, SdK Schutzgemeinschaft der Kapitalanleger
e.V., had filed a petition with the Court to request the Court to appoint a restructuring expert
(herstructureringsdeskundige) in accordance with Section 371 Dutch Bankruptcy Act
(Faillissementswet).



The Court heard such petition today, 1 June 2023, and ruled that the petition be rejected. The Court
also indicated in the court hearing that the WHOA Confirmation hearing will be heard by the Amsterdam
Court on 15 June 2023.



Further updates and information will be made available on www.steinhoffinternational.com.

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



Stellenbosch, South Africa

1 June 2023

JSE Sponsor: PSG Capital

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329 South Oyster Bay Road #2085
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team@eninvs.com

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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.