DGAP-News: Steinhoff International Holdings N.V. : SETTLEMENT OF GERMAN LITIGATION WITH SEIFERT ENTITIES

STEINHOFF - SETTLEMENT OF GERMAN LITIGATION WITH SEIFERT ENTITIES

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

Shareholders are referred to the Group's ongoing German litigation proceedings with entities controlled by Dr Andreas Seifert ("Seifert Entities") (collectively referred to as "the Parties"), in relation to the ultimate ownership interests in the POCO furniture group ("POCO"). In this regard, representatives of the Parties attended a court hearing in Dortmund on Wednesday, 25 April 2018 ("the Hearing").

The Company is pleased to announce that, at the Hearing, the Parties agreed, in principle, to settle the matter on acceptable terms. To this end, it was agreed that the Group would no longer contest the validity of the forfeiture of the Seifert Entities' existing 50% interest in POCO. Furthermore, the Seifert Entities offered to acquire the Group's remaining interest in POCO based on an agreed equity valuation of EUR532.5 million for 100% of the equity in POCO. In addition the POCO business will retain debt of approximately EUR140 million, with no recourse to the Group. Details of the agreement reached will be finalised by the Parties in the coming weeks.

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

Stellenbosch, 26 April 2018