Business Wire | Sep 13, 2021 07:15AM EDT

Steinhoff International Holdings N.V. : Notices in Terms of Section 155 of the Companies Act 71 Of 2008

Sep. 13, 2021

STELLENBOSCH, South Africa--(BUSINESS WIRE)--Sep. 13, 2021--NOTICES IN TERMS OF SECTION 155 OF THE COMPANIES ACT 71 OF 2008RELATING TO STEINHOFF INTERNATIONAL HOLDINGS PROPRIETARY LIMITED ("the Company")

Capitalised terms used herein and not otherwise defined shall have the meaning ascribed thereto in the compromise that has been proposed by the Company to Scheme Creditors (the "Proposal") in accordance with section 155 of the Companies Act 71 of 2008, as amended ("Companies Act"), available at www.SteinhoffSettlement.com.

Part A - NOTICE OF RESULTS OF MEETINGS

1 Notice is hereby given to Scheme Creditors that the results of the virtual meetings (collectively "Meetings" and individually "Meeting") held in terms of section 155(6) of the Companies Act for the purposes of considering and voting on the Proposal are as set out below.

2 At the Meeting of the Financial Creditors held on 6 September 2021, the Financial Creditors voted as follows:

2.1 100% in number of the Financial Creditors present and voting (all by proxy) voted in favour of the Proposal; and

2.2 100% in value of the Financial Creditors present and voting (all by proxy) voted in favour of the Proposal,

and accordingly the Proposal was adopted by the Financial Creditors.

3 At the Meeting of the Contractual Claimants held on 10 September 2021, the Contractual Claimants voted as follows:

3.1 100% in number of the Contractual Claimants present and voting in person or by proxy voted in favour of the Proposal. Of the 16 Contractual Claimants present (in person or by proxy) at the Meeting, 1 Contractual Claimant abstained from voting on the Proposal; and

3.2 100% in value of the Contractual Claimants present and voting in person or by proxy representing 95.42% in value of the claims of all Contractual Claimants voted in favour of the Proposal,

and accordingly the Proposal was adopted by the Contractual Claimants.

4 At the Meeting of the SIHPL Market Purchase Claimants held on 6 September 2021, the SIHPL Market Purchase Claimants voted as follows:

4.1 100% in number of the SIHPL Market Purchase Claimants present and voting in person or by proxy voted in favour of the Proposal. Of the 8,481 SIHPL Market Purchase Claimants present in person or by proxy at the Meeting, 1 SIHPL Market Purchase Claimant abstained from voting on the Proposal; and

4.2 100% in value of the SIHPL Market Purchase Claimants present and voting in person or by proxy representing 99.9999398054% in value of the claims of all SIHPL Market Purchase Claimants present at the Meeting voted in favour of the Proposal,

and accordingly the Proposal was adopted by the SIHPL Market Purchase Claimants.

5 A proposal as contemplated in section 155 of the Companies Act will have been adopted by the creditors, or the members of a relevant class of creditors, if it is supported by a majority in number representing at least 75% in value of the creditors or class, as the case may be, present and voting in person or by proxy at a meeting called for that purpose.

6 As each Class of Scheme Creditors has adopted the Proposal by a majority in number representing not less than 75% in value of each Class of Scheme Creditors, present and voting in person or by proxy at the Meetings, the Proposal has been Adopted as defined in the Proposal and as contemplated by section 155 of the Companies Act.

Part B - NOTICE OF THE COMPANY'S SANCTION APPLICATION

1 Notice is hereby given that, in light of the fact that the Proposal was Adopted at the Meetings, SIHPL has issued its application to the Western Cape Division of the High Court of South Africa for an Order approving and sanctioning the Proposal in accordance with section 155 of the Companies Act (the "Sanction Application").

2 Electronic copies of the papers filed by SIHPL in the Sanction Application are available at www.SteinhoffSettlement.com under the 'Case Documents' tab and on www.steinhoffinternational.com.

Part C - TRANSLATIONS OF THIS NOTICE

Eine bersetzte Version dieses Hinweises wird auf Anfrage auf deutsch zur Verfgung gestellt (e-mail: info@SteinhoffSettlement.com).

Een vertaalde versie van deze mededeling zal op verzoek beschikbaar worden gesteld in het Nederlands (e-mail: info@SteinhoffSettlement.com).

Une version traduite en franais de cette notice sera fournie sur demande (e-mail: info@SteinhoffSettlement.com).

Se pondr a disposicin de los interesados una versin de este Aviso traducida al espaol (e-mail: info@SteinhoffSettlement.com).

Mediante pedido, ser disponibilizada uma versao traduzida do presente Aviso em portugus (e-mail: info@SteinhoffSettlement.com).

Una versione tradotta del presente Avviso verr resa disponibile su richiesta in Italiano (e-mail: info@SteinhoffSettlement.com).

T?umaczenie tej informacji na j?zyk polski zostanie udost?pnione na pro?b? (e-mail: info@SteinhoffSettlement.com).

Pec piepras?juma tiks nodrosin?ta s? Pazi?ojuma tulkota versija latviesu valod? (e-mail: info@SteinhoffSettlement.com).

Bu Bildirimin Trke evirisi talep zerine sa?lanacaktlr (e-mail: info@SteinhoffSettlement.com).

Prevedena verzija ove Obavijesti bit ce dostupna na zahtjev na hrvatski (e-mail: info@SteinhoffSettlement.com).

En oversat version af denne meddelelse vil blive gjort tilgngelig efter anmodning p dansk (e-mail: info@SteinhoffSettlement.com).

O versiune tradus? a acestei notific?ri va fi pus? la dispozi?ie la cerere n limba romn? (e-mail: info@SteinhoffSettlement.com).

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Selle teadaande eesti keelde tolgitud versioon tehakse kttesaadavaks vastava taotluse esitamisel (e-mail: info@SteinhoffSettlement.com).

En oversatt versjon av denne merknaden vil bli gjort tilgjengelig p foresporsel p Norsk (e-mail: info@SteinhoffSettlement.com).

Prevedena razlicica tega obvestila je v slovenscini na voljo na zahtevo (e-mail: info@SteinhoffSettlement.com).

Isverstas sio pranesimo variantas pareikalavus bus pateiktas lietuvi? kalba (e-mail: info@SteinhoffSettlement.com).

Prelo?en verzia tohto vyhlsenia bude na po?iadanie k dispozcii v slovencine (e-mail: info@SteinhoffSettlement.com).

Vid behov kommer en versatt version av detta meddelande att gras tillgnglig p svensk (e-mail: info@SteinhoffSettlement.com).

Ennek az rtestsnek a lefordtott vltozata krsre elrhet?v vlik magyar nyelven (e-mail: info@SteinhoffSettlement.com).

?ydd tgfa af ?essari tilkynningu ver?ur fanleg samkvmt bei?ni slensku (e-mail: info@SteinhoffSettlement.com).

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Toleo lililotafsiriwa la Notisi hii litatolewa endapo litaombwa katika kiswahili (e-mail: info@SteinhoffSettlement.com).

? ??????? ??? ?????? ????????????? ?? ??????k? ? ???? ??????? k????? ?????? (e-mail: info@SteinhoffSettlement.com).

P?elo?en verze tohoto Oznmen bude na vy?dn k dispozici v cestina (e-mail: info@SteinhoffSettlement.com).

Language: EnglishCompany: Steinhoff International Holdings N.V. cnr Adam Tas and Devon Valley Road 7600 Stellenbosch South AfricaPhone: +27218080700Fax: +27218080800E-mail: investors@steinhoffinternational.comInternet: www.steinhoffinternational.comISIN: NL0011375019WKN: A14XB9 Regulated Market in Frankfurt (Prime Standard); Regulated UnofficialListed: Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange View source version on businesswire.com: https://www.businesswire.com/news/home/20210913005413/en/

CONTACT: Tyrrel Murray Tel:+27218080770 Email: tyrrel.murray@steinhoff.co.za