EQS-Adhoc Steinhoff International Holdings N.V. : LAUNCH OF WHOA RESTRUCTURING PLAN

DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ART. 17 OF THE EU MARKET ABUSE REGULATION (EU 596/2014, MAR)

STEINHOFF: LAUNCH OF WHOA RESTRUCTURING PLAN

Steinhoff International Holdings N.V. is referred to as “SIHNV” or the “Company” and with its subsidiaries, “Steinhoff” or the “Group”; “Group Services Debt” means the indebtedness under (i) the Contingent Payment Undertakings (“CPUs”) entered into by SIHNV; and (ii) the debt facilities entered into by Steenbok Lux Finco 1 S.à.r.l. (“LuxFinco 1”), Steenbok Lux Finco 2 S.à.r.l. (“LuxFinco 2”) and Hemisphere International Properties B.V. (“Hemisphere”) (the instruments together, the “Group Services Debt Facilities”), each as amended from time to time.

Steinhoff’s Management Board and Supervisory Board resolved on 28 March 2023 to initiate a Dutch law restructuring plan (akkoord) (“WHOA Restructuring Plan”) to implement its proposed maturity extension transaction (the “Maturity Extension Transaction”) in respect of its Group Services Debt, first announced by the Company on 15 December 2022.

The launch of the WHOA Restructuring Plan follows the rejection of the proposal to approve the Maturity Extension Transaction and related equity reorganisation by the Company’s shareholders at the Company’s annual general meeting held on Wednesday 22 March 2023 (the “2023 AGM”).

An outline of the restructuring plan was included in the Company’s circular to shareholders issued on 8 February 2023 in connection with the 2023 AGM (the “Circular”).  A draft version of the WHOA Restructuring Plan, supporting valuations by BFI and Analysis Group and related materials will be available on the Company’s website on 29 March 2023.