ACG Cost             Up to EUR 6.5 million, subject to timely acceptance of D&O Insurers offer 
Compensation 
Non-ACG MPCs         Up to EUR 12 million to be paid out on a claims filed and acknowledged basis only 
Contractual          Up to EUR 15 million 
Claimants 
SRF Costs            Up to EUR 1.1 million plus incremental claims administration costs for D&O settlement 
Contribution         implementation 

Further Information

The Steinhoff Group will provide further updates in respect of implementation of the global settlement following the various processes identified above.

Claimants will be able to review additional information and, from today, submit their claim details on the following website: www.SteinhoffSettlement.com.

The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.

Stellenbosch, South Africa

23 March 2021 -----------------------------------------------------------------------------------------------------------------------

2021-03-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------


Language:     English 
Company:      Steinhoff International Holdings N.V. 
              cnr Adam Tas and Devon Valley Road 
              7600 Stellenbosch 
              South Africa 
Phone:        +27218080700 
Fax:          +27218080800 
E-mail:       investors@steinhoffinternational.com 
Internet:     www.steinhoffinternational.com 
ISIN:         NL0011375019 
WKN:          A14XB9 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1177414 
 
End of News   DGAP News Service 
=------------ 

1177414 2021-03-23

(END) Dow Jones Newswires

March 23, 2021 02:36 ET (06:36 GMT)