Steinhoff International Holdings N.V. : ???????UPDATE ON STEINHOFF LENDER CONSENT REQUEST

DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V. : ???????UPDATE ON STEINHOFF LENDER CONSENT REQUEST 06.11.2020 / 11:15 The issuer is solely responsible for the content of this announcement. UPDATE ON STEINHOFF LENDER CONSENT REQUEST Further to the announcement on 4 November 2020 (the "4 November Announcement") by Steinhoff International Holdings N.V. ("SIHNV" and together with its subsidiaries, "Steinhoff"), SIHNV has been made aware of an administrative error in respect of the lender vote count received for the Consent Request referred to in the 4 November Announcement. SIHNV has been informed by the respective Agents under the SEAG First Lien Facilities Agreement and under the SFHG 21/22 Facilities Agreement that a vote of one financial creditor was incorrectly recorded as a consent whereas it was in fact a rejection of the requests under the Consent Request. The relevant vote is not material and does not change the overall effect of the approvals received. The final votes in respect of the Consent Request, adjusted to reflect the updated vote count, are set out below (with the variance from the vote levels reported in the 4 November Announcement also shown): Lender groupings Approval Levels Rejection Levels Approval Levels after "Snooze" SFH 21/22 88.16% Total Commitments (variance of -0.05%) 88.25% Facility A1 (variance of -0.06%) 3.83% Total Commitments (variance of +0.05%) 3.75% Facility A1(variance of +0.05%) 95.84% Total Commitments (variance of -0.05%) 95.92% Facility A1 (variance of -0.06%) SFH 23 86.40% Total Commitments 86.36% Facility A2 5.16% Total Commitments 5.17% Facility A2 94.3% Total Commitments 94.35% Facility A2 SEAG First Lien 88.60% Total Commitments (variance of -0.19%) 88.88% Facility A1 (variance of -0.06%) 0.19% Total Commitments (variance of +0.19%) 0.05% Facility A1 (variance of +0.05%) 99.78% Total Commitments (variance of -0.22%) 99.94% Facility A1 (variance of -0.06%) SEAG Second Lien 90.40% Total Commitments 88.57% Facility A2 5.50% Total Commitments 6.60% Facility A2 94% Total Commitments 93% Facility A2 Hemisphere 96.79% Total Commitments 0% Total Commitments 100% Total Commitments   As a result of the update, SIHNV also notes: - two financial creditors voted against the Consent Request; - Steinhoff did not achieve the required support of 100% of the "SEAG Facility A1 Creditors" and the "SEAG Facility A2 Creditors" which in any event will be the subject of the proposed UK scheme of arrangement. Further Information Further information on the Proposed Settlement, including a Frequently Asked Questions document, is available on the following website: https://www.steinhoffinternational.com/settlement-litigation-claims.php. On this website, claimants may submit their contact and claim details, inform Steinhoff of their intention to support the Proposed Settlement and register for updates. Alternatively, Steinhoff's investor relations team can be contacted by email at [e-mail]. As usual, further updates will be provided in due course as the Group continues with the implementation of the Proposed Settlement. The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited. Stellenbosch, South Africa 6 November 2020 06.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Steinhoff International Holdings N.V.
	cnr Adam Tas and Devon Valley Road
	7600 Stellenbosch
	South Africa
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.steinhoffinternational.com
ISIN:	NL0011375019
WKN:	A14XB9
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1146133

End of News	DGAP News Service

1146133  06.11.2020