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STEINHOFF INTERNATIONAL HOLDINGS N.V. - Update On Conforama Conciliation Agreement

Release Date: 11/04/2019 16:45
Code(s): SNH SHFF     PDF:  
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Update On Conforama Conciliation Agreement

Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019

Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
ISIN: ZAE000068367

UPDATE ON CONFORAMA CONCILIATION AGREEMENT

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

With regards to the Conforama refinancing negotiations, the French Commercial Court of
Meaux has today approved a Conciliation agreement entered into between Conforama
Holding SA (“Conforama”) and its creditors, as part of a French law conciliation process
which provided the framework for the refinancing negotiations (the “Ruling”). This Ruling will
allow Conforama to proceed to implement its financial restructuring.

The key terms of the financial restructuring, which includes a total nominal value of €316m
new money financing (including undrawn and conditional commitments, funds to be
available from closing expected 15 April 2019), are set out in a Conforama presentation
which has today been made available on the Company’s website.

The Company will provide further updates as appropriate.

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

JSE Sponsor: PSG Capital
Stellenbosch, 11 April 2019

Date: 11/04/2019 04:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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