DGAP-Adhoc

Steinhoff International Holdings N.V. : Statement Regarding Possible Offer for Poundland Group PLC ('Poundland')

Steinhoff International Holdings N.V. / Key word(s): Miscellaneous

24.06.2016 13:36

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

This announcement is not an announcement of a firm intention to make an
offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code")
and there can be no certainty that any such offer will be made nor as to
the terms on which any such offer would be made.

For immediate release

24 June 2016



Steinhoff International Holdings NV
("Steinhoff" or the "Company")

Statement Regarding Possible Offer for Poundland Group PLC ("Poundland")

Following our announcement on 15 June 2016, we have since been notified
that the Board of Poundland has not accepted our proposal regarding a
possible cash offer for the entire issued and to be issued share capital of
Poundland.

The Board of Steinhoff notes the full year results for the year ended 27
March 2016 released by Poundland on 16 June 2016, the recent movement in
the share price of Poundland and the impact of the EU Referendum on global
markets.

The Board of Steinhoff is considering its position and a further
announcement will be made in due course.


Enquiries:

Steinhoff International Holdings NV       Tel: [phone]

Mariza Nel (Investor Relations)

Nick Agarwal (UK Press)                   Tel: [phone]
Investec Bank plc (financial adviser to   Tel: [phone]
Steinhoff)

Andrew Pinder / Symmie Swil

Sara Hale / Henry Reast (Corporate
Broking)

About Steinhoff:

Steinhoff is an integrated retailer that retails, sources and manufacturing
household goods and general merchandise in Europe, Africa and Australasia.
Retail operations are positioned towards price conscious (value) consumer
segments, providing them with affordable products through a vertically
integrated supply chain.

Our integrated retail divisions comprise of:

- Household goods (furniture and homeware retail businesses)

- General Merchandise focusing on clothing and footwear, accessories and
homeware.

- Automotive dealerships in South Africa which provides a broad range of
new and pre-owned vehicles, parts, insurance, accessories and
servicing. In addition Hertz car rental outlets are included in this