DGAP-News: Steinhoff International Holdings N.V.

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

DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V. : ANNOUNCEMENT OF THE ZAR EXCHANGE RATE APPLICABLE TO THE INTERIM DISTRIBUTION OF 12 EURO CENTS PER ORDINARY SHARE

22.11.2016 / 16:39 The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

STEINHOFF INTERNATIONAL HOLDINGS N.V.: ANNOUNCEMENT OF THE ZAR EXCHANGE RATE APPLICABLE TO THE INTERIM DISTRIBUTION OF 12 EURO CENTS PER ORDINARY SHARE

Stellenbosch - 22 November 2016 - Shareholders are referred to the declaration of the interim distribution of 12 Euro cents per Steinhoff ordinary share (the "Distribution") by Steinhoff International Holdings N.V. (the "Company" or "Steinhoff"), as announced on 15 November 2016 (the "Declaration Announcement").

As indicated in the Declaration Announcement, the Distribution will be paid in Euro for shareholders who hold their shares on the Frankfurt Stock Exchange ("FSE") and in South African Rand ("ZAR" or "Rand") for shareholders who hold their Steinhoff ordinary shares on the Johannesburg Stock Exchange operated by the JSE Limited (the "JSE").

In this regard the ZAR exchange rate applicable to the distribution will be ZAR 15.015 : EUR1.00, resulting in a gross ZAR distribution of 180.18 ZAR cents per Steinhoff ordinary share.

For ease of reference, the salient dates as set out in the Declaration Announcement are repeated below:



SALIENT DATES AND TIMES FOR SHARES 2016 HELD ON THE FSE Last day to trade in shares on the FSE Wednesday, 30 November in order to be eligible for the distribution Shares trade ex-entitlement on the FSE Thursday, 1 December Record Date Friday, 2 December Payment date Tuesday, 6 December





SALIENT DATES AND TIMES FOR SHARES 2016 TRADED ON THE JSE Last day to trade in shares on the JSE Tuesday, 29 November in order to be eligible for the distribution Shares trade ex-entitlement on the JSE Wednesday, 30 November Record Date Friday, 2 December Payment date Tuesday, 6 December



Note: As a result of different settlement periods applied by the FSE (T+2) and JSE (T+3), the Last day to Trade in each jurisdiction falls on different 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 2016distribution@steinhoffinternational.com 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

---------------------------------------------------------------------------

22.11.2016 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. Herengracht 466 1017 CA Amsterdam Netherlands Phone: +27218080700 Fax: +27218080800 E-mail: investors@steinhoffinternational.com 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 ---------------------------------------------------------------------------

523359 22.11.2016