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Steinhoff International Holdings N.V. : ANNOUNCEMENT OF THE ZAR EXCHANGE RATE APPLICABLE TO THE INTERIM DISTRIBUTION OF 12 EURO CENTS PER ORDINARY SHARE - Seite 2

dates, but the Record Date is aligned. Between the Finalisation Date (22
November 2016) and the Payment Date (6 December 2016) there will be an
embargo on transfers between the two settlement systems, being Clearstream
for the FSE and Strate for the JSE.

Dividends Withholding Tax ("DWT")

The distribution will be payable in Euro. As the Company is a South African
Tax Resident, the distribution will be subject to a South African dividends
withholding tax at a dividend tax rate of 15%, resulting in a net cash
distribution of 10.2 Euro cents per share for shares held on the FSE and
153.153 ZAR cents per share for shares held on the JSE, unless the relevant
shareholder is exempt from South African dividend tax or is entitled to a
reduced rate in terms of the applicable double tax agreement. The Company's
South African income tax reference number is 9088/208/229. At the date of
declaration of the distribution the company had 4,253,551,251 ordinary
shares in issue.

DWT in respect of shares held on the FSE:

The Company will withhold the South African dividends withholding tax in
respect of all shares held on the FSE, unless shareholders provide it with
declarations in the prescribed form that such shareholders are exempt from
South African dividend tax in terms of the South African Income Tax Act No
58 of 1962, as amended (the "SA Income Tax Act") ("Declarations").

Declarations in respect of shares held on the FSE must be submitted to
[e-mail] and originals must be sent to
the Company's postal address being PO Box 122, Stellenbosch, South Africa,
7599 for the attention of the Company Secretary.

The Company will consider all valid Declarations received and will ensure
that qualifying shareholders receive a refund of the tax withheld within 60
days after receipt of a valid original Declaration.

DWT in respect of shares held on the JSE:

The administration of the dividends tax in respect of shares held on the
JSE will be done by the Regulated Intermediaries as defined in the SA
Income Tax Act. Shareholders who hold their shares on the JSE are advised
to contact their CSDP or broker should they have any queries in this
regard.

If shareholders are uncertain as to the tax treatment, they should consult
their own tax advisors.

Steinhoff International Holdings N.V.

Management Board

22 November 2016


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22.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
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Language: English
Company: Steinhoff International Holdings N.V.
Herengracht 466
1017 CA Amsterdam
Netherlands
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.steinhoffinternational.com
ISIN: NL0011375019
WKN: A14XB9
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange


End of News DGAP News Service
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523359 22.11.2016