Updates and Press Releases

5 October 2021

Update on Suspension of Payments

On 2 October 2021 0:00h CET the suspension of payments (surseance van betaling) that was granted to SIHNV ended.

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23 September 2021

SIHNV Composition Plan Confirmed by District Court of Amsterdam

Today the District Court of Amsterdam confirmed (gehomologeerd) the SIHNV Composition Plan.

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17 September 2021

Update on Confirmation Hearing

The confirmation hearing on the SIHNV Composition Plan took place on 16 September 2021 before the District Court of Amsterdam. The Court indicated that it expects that it will issue a judgment on 23 September 2021.

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8 September 2021

SIHNV Composition Plan Unanimously Adopted by Committee of Representation

Today the Committee of Representation voted on the SIHNV Composition Plan at the Creditors' Meeting. All members of the Committee of Representation voted in favor of the SIHNV Composition Plan and as a result it is adopted. The SIHNV Composition Plan will now need to be considered by the District Court of Amsterdam in a confirmation hearing that has been scheduled for 10.00 (CET) on 16 September 2021 at the District Court of Amsterdam.

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3 September 2021

SIHNV Creditors’ Meeting Opened and Adjourned

Today, on 3 September 2021, the supervisory judges opened the meeting regarding consultation and vote on the SIHNV Composition Plan. In the meeting, the supervisory judges have adjourned the meeting to Wednesday 8 September 2021 at 13.30 CET.

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30 August 2021

SIHNV – Publication of Report Pursuant to Article 265 (1) Dutch Bankruptcy Act

The report by the SoP Administrators pursuant to Article 265 (1) Dutch Bankruptcy Act was published online today.

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25 August 2021

SIHNV – Deposit of List of Claims Pursuant to Article 263 (1) Dutch Bankruptcy Act

The list of claims was deposited for inspection with the court registry of the Amsterdam District Court today.

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17 August 2021

SIHNV Composition Plan - Information regarding Creditors' Meeting on 3 September 2021

The administrators provide information for the meeting regarding the vote on the composition plan by the committee of representation, which meeting is scheduled for 3 September 2021, 09.30am (CET). The information also includes instructions for creditors that wish to submit any views on the composition plan. Creditors cannot vote on the composition plan, but are not prohibited from attending this meeting. As such, information is also provided on how creditors can notify the administrators of their intention to attend the meeting.

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12 August 2021

Reminder: Filing of Claims After 15 June 2021

The administrators remind every creditor – with reference to their message on 16 July 2021 – that pursuant to the decision of the Amsterdam District Court of 15 February 2021, creditors were obliged to file their claim no later than 15 June 2021. Dutch law allows creditors to file claims after 15 June 2021 but these will not automatically be placed on the list of creditors. Creditors are urged to file their claims as soon as possible, and in any event before c.o.b. (CET) 19 August 2021.

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11 August 2021

Further Increased SIHPL Settlement Offer and Notice of Section 155 Creditors’ Meeting

Steinhoff proposes that SIHPL make an additional contribution to the SIHPL MPC settlement consideration of ZAR 3,214 million.

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11 August 2021

Notices in terms of Section 155 of the Companies Act 71 of 2008 relating to Steinhoff International Holdings Proprietary Limited

Notice is hereby given to Scheme Creditors that virtual meetings are convened in terms of section 155(6) of the Companies Act for the purposes of considering and voting on the Proposal.

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27 July 2021

Court of Appeal Dismissed Appeal by Hamilton Against Judgment of 15 June 2021

The Amsterdam Court of Appeal has dismissed the appeal lodged by Hamilton against the judgment of the District Court of Amsterdam dated 15 June 2021.

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16 July 2021

Update on Settlement Implementation Progress and Increased Settlement Proposal

Steinhoff International Holdings N.V. and the former South African holding company for its subsidiaries, Steinhoff International Holdings Proprietary Limited, are providing their respective stakeholders with important updates on: (i) their intention to progress implementation of the global settlement proposal; and (ii) a material increase in the settlement offer.

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16 July 2021

Filing of Claims After 15 June 2021

Pursuant to the decision of the Amsterdam District Court of 15 February 2021, creditors were obliged to file their claims no later than 15 June 2021. Dutch law allows creditors to file claims after 15 June 2021 but these will not automatically be placed on the list of creditors. Creditors are urged to file their claims as soon as possible, and in any event before c.o.b. (CET) 19 August 2021.

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6 July 2021

Court Decision Concerning the Replacement of a Member of the Committee of Representation

Following the application filed by the SoP administrators on 25 June 2021 to replace one of the members of the Committee of Representation, the Amsterdam District Court has today approved that request and decided to replace Ms. C.M. Reijnen by Mr. G.M. Warringa.

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29 June 2021

Ruling by Court of Appeal Concerning Appeal by 'Hamilton' Against Judgment of 28 May 2021

The Amsterdam Court of Appeal has dismissed the appeal lodged by Hamilton against the judgment of the District Court of Amsterdam dated 28 May 2021 concerning (i) the appointment of a committee of representation and (ii) measures regarding the list of claims as referred to in Article 259 of the Dutch Bankruptcy Act (Faillissementswet).

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25 June 2021

Request Made to Replace a Member of the Committee of Representation

The SoP administrators today filed an application for the replacement of one of the members of the Committee of Representation. The application was filed upon request by PIC, that wishes to replace the member that was appointed on its behalf.

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25 June 2021

Ruling of the Supervisory Judges Regarding the Postponement of the Creditors’ Meeting

The Supervisory Judges have postponed the meeting regarding consultation and vote on the composition plan. It is now set on 3 September 2021, 09.30 (CET).

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23 June 2021

Request Made to Postpone the Creditors’ Meeting

The SoP administrators filed a request for the postponement of the meeting regarding consultation and vote on the composition plan, which was originally set on 30 June 2021.

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17 June 2021

Ruling of the Court Concerning Applications by Lancaster, Hamilton and SIHNV.

The Amsterdam District Court rejected all requests filed by Hamilton and SIHNV. Lancaster withdrew all of its requests.

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10 June 2021

Ruling of the Court Concerning the Appointment of a Member of the Committee of Representation on Behalf of Hamilton

The Amsterdam District Court has on 8 June 2021 appointed the fifteenth member of the Committee of Representation, following the nomination of that member by Hamilton on 3 June 2021.

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1 June 2021

Directions by the Court Concerning the Hearing on 4 June 2021 Regarding the Requests by 'Hamilton' and 'Lancaster’

The Amsterdam District Court determined directions with regard to the hearing on 4 June 2021 regarding the requests by 'Hamilton' and Lancaster'. These directions include regulations on (i) the maximum number of attendees per interested party and (ii) the time allowed per party for addressing the Court.

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30 May 2021

Informal English Translation of Ruling Amsterdam District Court Dated 28 May 2021

On 28 May 2021, the Amsterdam District Court has rendered its decision on the application filed on 23 April 2021 by the administrators requesting (i) the appointment of a Committee of Representation and (ii) measures regarding the list of claims as referred to in Article 259 of the Dutch Bankruptcy Act (Faillissementswet). In its ruling, the court has appointed a committee of representation. In addition, the court has approved one of the two requests for measures regarding the list of claims. As a consequence the administrators do not need to include claims filed by SIHNV MPC on the list of claims. For all other claimants the administrators will need to include the claims on the list of claims, in accordance with the requirements set by the Dutch Bankruptcy Act (Faillissementswet).

As announced on 28 May 2021, please find an informal English translation of the ruling of the Amsterdam District Court of 28 May 2021.

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28 May 2021

Ruling of the Court Concerning Application Administrators for the Appointment of a Committee of Representation & for Measures Regarding the List of Claims

The Amsterdam District Court has today rendered its decision on the application filed on 23 April 2021 by the administrators requesting (i) the appointment of a Committee of Representation and (ii) measures regarding the list of claims as referred to in Article 259 of the Dutch Bankruptcy Act (Faillissementswet). In its ruling of today, the court has appointed a committee of representation. In addition, the court has approved one of the two requests for measures regarding the list of claims. As a consequence the administrators do not need to include claims filed by SIHNV MPC on the list of claims. For all other claimants the administrators will need to include the claims on the list of claims, in accordance with the requirements set by the Dutch Bankruptcy Act (Faillissementswet).

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28 May 2021

Court Hearing About Requests by ‘Hamilton’ and ‘Lancaster’

The Amsterdam District Court decided to hear the requests filed through the statements of response by Hamilton B.V., Hamilton 2 B.V. and Lancaster 101 (rf) (Pty) Ltd. The hearing will take place on Friday 4 June 2021 at 13.00 CET at the Amsterdam District Court. The Court determined directions with regard to the hearing. Said directions can be found in the message below. An informal English translation of the message is also provided below. The Court requested the administrators to publish the message.

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17 May 2021

Additional Directions By The Court Concerning The Hearing On 19 May Regarding The Application By The Administrators For The Appointment Of A Committee Of Representation & Measures Regarding The List Of Claims.

The Amsterdam District Court determined additional directions with regard to the hearing of 19 May 2021 concerning the application by the administrators on 23 April 2021 for the appointment of a committee of representation & measures regarding the list of claims. These directions include (i) regulations with regard to the time allowed per party for addressing the Court and (ii) a list of persons who are admitted to attend the hearing.

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14 May 2021

Message By The Court Concerning Additional Directions With Regard To The Hearing On 19 May 2021 Regarding The Application By The Administrators For The Appointment Of A Committee Of Representation & Measures Regarding The List Of Claims.

The Amsterdam District Court determined some additional directions with regard to the hearing on 19 May 2021 regarding the application by the administrators on 23 April 2021 for the appointment of a committee of representation & measures regarding the list of claims.

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6 May 2021

Directions by the Court Concerning the Hearing On 19 May 2021 Regarding the Application by the Administrators for the Appointment of a Committee of Representation & Measures Regarding the List of Claims

The Amsterdam District Court determined some (operational) directions concerning the hearing of 19 May 2021 regarding the application by the Administrators for the appointment of a committee of representation & for measures regarding the list of claims. These directions include a deadline – set on 12 May 2021, 15.00 CET – for interested parties to (i) file a statement of response, (ii) express the desire to attend the hearing and to explain their position during the hearing, and (iii) summarily prove that they are a creditor of Steinhoff International Holdings N.V.

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3 May 2021

Court Hearing Concerning Application Administrators for the Appointment of a Committee of Representation & for Measures Regarding the List of Claims

A hearing about the application filed on 23 April 2021 by the administrators requesting (i) the appointment of a Committee of Representation and (ii) measures regarding the list of claims as referred to in Article 259 of the Dutch Bankruptcy Act (Faillissementswet) will take place on Wednesday 19 May 2021 at 10.30 hours CET.

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23 April 2021

Application Administrators for the Appointment of a Committee of Representation & for measures regarding the list of claims

On 23 April 2021, the Administrators filed an application with the District Court of Amsterdam, requesting (i) the appointment of a Committee of Representation and (ii) measures regarding the list of claims as referred to in Article 259 of the Dutch Bankruptcy Act (Faillissementswet).

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31 March 2021

ACGs support settlement offers of Steinhoff, Deloitte and D&O Insurers

Four large active claimant groups who represent market purchase claimants based in South Africa and elsewhere, have confirmed their support for, and will recommend that their respective constituents support, the Steinhoff Global Settlement and its implementation by way of the Dutch suspension of payments commenced on 15 February 2021 and the S155 proposal under South African law. Any litigation initiated by these ACGs against Steinhoff and its former directors and officers will be suspended immediately. After the successful implementation of the Dutch SoP and the S155 Proposal, this litigation will be terminated.

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25 March 2021

s155 Voting Deadline Date

Under Steinhoff International Holdings Proprietary Limited’s proposal in terms of section 155 of the South African Companies Act, 2008, for those who qualify as “Scheme Creditors” and wish to participate and vote at the “Meeting” (each as defined in the S155 Proposal), the last date for submitting claims to the Claims Administrator for verification is 5 May 2021. Any Scheme Creditor wishing to participate in and vote at the Meeting must file their claims prior to this date.

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23 March 2021

Update on Steinhoff Global Settlement Progress

Steinhoff International Holdings N.V. and Steinhoff International Holdings Proprietary Limited have reached an agreement with certain insurance companies underwriting Steinhoff’s (primary and excess) Directors and Officers insurance policy and certain former directors and officers who have worked for or been associated with a Steinhoff Group Company.

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14/15/16 March 2021

Notice as published in several newspapers on 14/15/16 March 2021

Following the Ruling of the District Court of Amsterdam dated 5 March 2021, the Administrators published a Notice in various (international) newspapers on 14/15/16 March 2021.

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16 February 2021

Steinhoff Global Settlement – Implementation Commenced

Following the opening of the Dutch SoP, Steinhoff International Holdings Proprietary Limited has launched a statutory compromise process under South African law also as part of the implementation of the Steinhoff Group global settlement.

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16 February 2021

Dutch Suspension of Payments procedure opened for SIHNV

Further to Steinhoff International Holdings N.V.’s announcement of 15 February 2021 the Amsterdam District Court has today approved SIHNV’s application for the opening of a Dutch “suspension of payments” procedure in respect of SIHNV.

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15 February 2021

SIHNV resolves to file application for suspension of payments

Steinhoff International Holdings N.V. has resolved to lodge with the Amsterdam District Court an application for Dutch “suspension of payments” procedure as soon as practicable to implement its proposal to settle certain multi-jurisdictional legacy litigation and various claims against SIHNV.

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15 February 2021

Steinhoff Global Settlement –Agreement with Deloitte and Conservatorium

Steinhoff International Holdings N.V. (“SIHNV”) previously announced that a hearing, scheduled for 8 February 2021, in the Amsterdam District Court following a request by Conservatorium Holdings LLC (“Conservatorium”) to appoint a restructuring expert to SIHNV (the “Application”) had been postponed until 15 February 2021. However, following a number of constructive engagements between the parties an agreement has been reached, in principle, between, among others, SIHNV, Steinhoff International Holdings Proprietary Limited, Conservatorium and certain entities linked to Christo Wiese. This agreement is subject to a number of conditions. The result of agreement reached among the parties is that Conservatorium will withdraw the Application.

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