Steinhoff International N : SNH - Update On Pepco Group

STEINHOFF INTERNATIONAL HOLDINGS N.V. - Update On Pepco Group

25 January 2021 16:00

Update On Pepco Group Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 UPDATE ON PEPCO GROUP Steinhoff International Holdings N.V. ('Steinhoff' or the 'Company' and with its subsidiaries, the 'Group'). On 8 November 2019, the Group announced that it was considering and evaluating a range of strategic options for the Pepco Group, including a potential public listing. During the course of 2020 further announcements confirmed that the intention remained, but that the likely timing had inevitably been impacted by the COVID-19 pandemic. The evaluation process has now resumed, with a range of strategic options under consideration. The process remains in its early stages and no definitive decision has been taken with respect to any specific course of action or timing at this point. The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited. JSE Sponsor: PSG Capital 25 January 2021 Date: 25-01-2021 04:00:00 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.