DGAP-News: Steinhoff International Holdings N.V. : REFINANCING BY STEINHOFF AFRICA RETAIL LIMITED COMPLETED

STEINHOFF - REFINANCING BY STEINHOFF AFRICA RETAIL LIMITED COMPLETED

Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group")

Shareholders are referred to the announcement published by Steinhoff Africa Retail Limited ("STAR") earlier today, in which STAR announced that it has successfully completed the refinancing of Group's shareholder funding amounting to c.ZAR16 billion ("the Refinancing"). The Refinancing facilitated the repayment of the Group's African debt. Accordingly, the Group has successfully repaid approximately EUR2 billion of African debt since January 2018. Save for working capital facilities of the automotive business and the African properties division, the Group has no remaining African debt.

A copy of the STAR announcement is available on STAR's website www.steinhoffafricaretail.co.za.

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

Stellenbosch, 23 May 2018