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PRESS RELEASE: Steinhoff International Holdings N.V. : OCCURRENCE OF IMPLEMENTATION NOTICE DATE AND LAUNCH OF ENTITLEMENT LETTER PROCESS

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DGAP-News: Steinhoff International Holdings N.V. / Key word(s):
Miscellaneous
Steinhoff International Holdings N.V. : OCCURRENCE OF IMPLEMENTATION NOTICE
DATE AND LAUNCH OF ENTITLEMENT LETTER PROCESS

2019-07-12 / 17:15
The issuer is solely responsible for the content of this announcement.

*FINANCIAL RESTRUCTURING - OCCURRENCE OF IMPLEMENTATION NOTICE DATE AND
LAUNCH OF ENTITLEMENT LETTER PROCESS*

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

Defined terms used but not otherwise defined in this announcement shall have
the same meaning as in the company voluntary arrangement proposed in
relation to Steinhoff Europe AG ("*SEAG*") and approved by the CVA Creditors
on 14 December 2018 as amended from time to time (the "*SEAG CVA*") and/or
the company voluntary arrangement proposed in relation to Steinhoff Finance
Holding GmbH ("*SFHG*") and approved by the SFHG Creditors on 14 December
2018 as amended from time to time (the "*SFHG CVA*") (as applicable and as
the context dictates). The documentation relating to the SEAG CVA and SFHG
CVA can be downloaded at www.lucid-is.com/steinhoff [1].

SEAG and SFHG have today issued the Implementation Conditions Notices
pursuant to the SEAG CVA and the SFHG CVA. This is the next step in the
implementation of the Restructuring and commences the period in which
relevant CVA Creditors and SFHG Creditors should submit their Entitlement
Letters. It is expected that the closing of the Restructuring will occur
within approximately 20 Business Days.

In order to be eligible to receive an entitlement to the New Lux Finco 2
Debt and/or the New Lux Finco 1 Debt (as applicable) on or before the
Restructuring Effective Date, eligible CVA Creditors and SFHG Creditors
should complete and submit the relevant Entitlement Letter(s) on or prior to
the Participation Deadline (being *5pm (London time) 19 July 2019*). Forms
of the Entitlement Letters are available at:
https://www.lucid-is.com/steinhoffEL [2]. Further instructions are included
within the Entitlement Letters, and example Entitlement Letters are
available at www.lucid-is.com/steinhoff [1].

The agents under the New Lux Finco 1 Loans and New Lux Finco 2 Loans have
asked the Company to remind relevant creditors of SEAG and SFHG to provide
their KYC Documentation (if applicable) to the relevant agent(s) as soon as
possible to prevent any potential delay in receipt of Final Entitlements
resulting from incomplete KYC processes. The relevant creditors of SEAG and
SFHG should refer to the KYC notices issued by each of the agents under the
New Lux Finco 1 Loans and the New Lux Finco 2 Loans which are available at
www.lucid-is.com/steinhoff [1] for further information.

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

Stellenbosch, 12 July 2019

2019-07-12 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: +27218080700
Fax: +27218080800
E-mail: investors@steinhoffinternational.com
Internet: www.steinhoffinternational.com
ISIN: NL0011375019
WKN: A14XB9
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 840837

End of News DGAP News Service

840837 2019-07-12


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=70e2efd1d43c15073e48a7c89fc2bc9f&application_id=840837&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ba7b6449b1141840b65204d8b7c82cb1&application_id=840837&site_id=vwd&application_name=news


(END) Dow Jones Newswires

July 12, 2019 11:15 ET ( 15:15 GMT)
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