DGAP-Adhoc

Steinhoff International Holdings N.V. : ('Steinhoff' or the 'Company') - OPTIONS TO ACQUIRE INTERESTS IN SHOPRITE HOLDINGS LIMITED ('Shoprite')

DGAP-Ad-hoc: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V. : ('Steinhoff' or the 'Company') - OPTIONS TO ACQUIRE INTERESTS IN SHOPRITE HOLDINGS LIMITED ('Shoprite') 04-Aug-2017 / 16:45 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL.

Disclosure of inside information in accordance with Article 17 MAR, transmitted by DGAP, a service of EQS Group AG

STEINHOFF INTERNATIONAL HOLDINGS N.V. ("Steinhoff" or the "Company") - OPTIONS TO ACQUIRE INTERESTS IN SHOPRITE HOLDINGS LIMITED ("Shoprite")

 

Stellenbosch, 4 August 2017 - Today, Steinhoff and Steinhoff Africa Retail Limited, a subsidiary of Steinhoff ("STAR") to be listed on the JSE Limited ("JSE") concluded and entered into call option agreements with Lancaster Group Proprietary Limited and Titan Premier Investments Proprietary Limited (a company ultimately controlled by a family trust of Dr. Christo Wiese, the Chairman of Steinhoff) and one of its subsidiaries to acquire economic and voting interests in Thibault Square Financial Services (Pty) Ltd ("Thibault") and Shoprite (together with a call option agreement in place with the Public Investment Corporation SOC Limited, the "Call Options"). After implementation of the Call Options are exercised and implemented, STAR will hold approximately 22.7% of the economic interest and 50% of the voting rights in Shoprite. STAR intends to exercise the Call Options following the implementation of its listing on the JSE (the "Listing"). STAR will settle the consideration payable for the exercise of the Call Options by the issuance of a fixed number of ordinary shares in STAR (representing a c.33.6% interest in the ordinary share capital of STAR after implementation of the Listing and the Call Options) (the "Consideration").