SNH: STEINHOFF INTERNATIONAL HOLDINGS N.V. - Commencement Of Waiver Process - Proposals Regarding Certain Convertible Bonds

SNH: STEINHOFF INTERNATIONAL HOLDINGS N.V. - Commencement Of Waiver Process - Proposals Regarding Certain Convertible Bonds Commencement Of Waiver Process - Proposals Regarding Certain Convertible Bonds Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Steinhoff - Commencement of waiver process - proposals regarding certain convertible bonds Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group") Following the Company´s announcement on 2 February 2018 that it would shortly be commencing a limited waiver proposal process, the Company has today begun the process by seeking waivers from the holders of the EUR465 million convertible bonds due 2021, the EUR1,116 million convertible bonds due 2022 and the EUR1,100 million convertible bonds due 2023 issued by Steinhoff Finance Holding GmbH (the "Bonds"). The waivers being sought from the holders of the Bonds relate to the failure by the issuer to deliver certificates of compliance in light of the accounting irregularities announced by the Company on 5 December 2017 and related matters. Shareholders and other investors in the Company are advised to exercise caution when dealing in the securities of the Group. JSE Sponsor: PSG Capital Stellenbosch, 6 February 2018 Date: 06/02/2018 01:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated t