DGAP-News: Steinhoff International N.V.

Steinhoff - Trading update for the quarter ended 31 December 2017 and Supervisory Board changes

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

1. Trading update for the quarter ended 31 December 2017

The Company has today published its quarterly update for the first quarter of its 2018 financial year that ended on 31 December 2017. The quarterly update, together with an update letter from Ms. Heather Sonn, acting Chairperson of the Company, is available on the Company's website via the following link: www.steinhoffinternational.com.

2. Supervisory Board changes

The Company will, in due course, invite its shareholders to its Annual General Meeting of shareholders (the "AGM") to be held on Friday, 20 April 2018. The invitation to the AGM will include the AGM agenda which will cover, among other items, proposals from the Supervisory Board of the Company for the appointment of Ms. Khanyisile Kweyama, Ms. Moira Moses, Dr. Hugo Nelson, Mr. Clive Thomson, Mr. Peter Wakkie and Ms. Alexandra Watson, as new independent members of the Supervisory Board.

These individuals have been carefully selected by the Supervisory Board as part of its commitment to strengthen its independence. Information concerning each of the new proposed members, including their prior experience and an explanation as to how they fit within the profile of the Supervisory Board, will be included in the AGM agenda and made available on the Company's website in advance of the AGM. Ms. Heather Sonn, commented that "I am certain that each of these individuals will make an important contribution toward ensuring solid corporate governance throughout the organisation".

The AGM agenda will also include proposals for the reappointment of Ms. Heather Sonn, Dr. Johan van Zyl, Dr. Steve Booysen and Ms. Angela Krüger-Steinhoff to the Supervisory Board of the Company. Ms. Heather Sonn commented that "the existing independent members of the Supervisory Board who are intending to remain with the Company consider it essential that they put themselves forward for reappointment at the AGM in order to obtain a clear mandate from shareholders to remain with the Group and continue in their roles".

To facilitate the orderly transition of the Supervisory Board to the new members and bring about significant new and independent oversight to the Company, Mr. Len Konar, Mr. Claas Daun and Mr. Bruno Steinhoff (each of whom was appointed on the initial listing of Steinhoff International Holdings Limited in 1998 and who were due to retire at or before the AGM on 20 April 2018 in line with the rotation policy) and Mr. Theunie Lategan (independent director) have all retired early from the Supervisory Board with effect from today. None of them will therefore seek reappointment at the AGM. Ms. Heather Sonn commented that she "would like to thank each of the departing board members for their commitment to the group over the years and, in particular, for their sterling efforts in responding to the crisis."

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

Stellenbosch, 28 February 2018