Steinhoff International Holdings N.V.

DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous
28.10.2021 / 17:11
The issuer is solely responsible for the content of this announcement.
LEAVE TO APPEAL GRANTED ON THE JURISDICTIONAL ISSUE

Steinhoff International Holdings N.V. ("SIHNV" or the "Company" and together with its subsidiaries, "Steinhoff") provides the following update with respect to the liquidation application proceedings ("the liquidation application") launched by AJVH Holdings and four others ("the applicants") against the Company in the Cape Town High Court ("the Court").

As previously announced on 13 September 2021, following an initial hearing on 1 to 3 September 2021, on 6 September 2021, the Court granted an Order ("the 6 September Order") in terms of which the Court dismissed the application raised by the Company that the Court does not have jurisdiction to wind up SIHNV by virtue of the fact that SIHNV is an external foreign company ("the jurisdictional issue"). On 10 September 2021, the Court gave a further order, amongst other things, refusing postponement of the liquidation application ("the 10 September Order"). Reasons were given for the 6 September Order and the 10 September Order by the Court on 5 October 2021.

During hearings on 22, 26 and 27 October 2021, the Court has heard arguments from the Company, parties described as SIHNV Financial Creditors of SIHNV ("the financial creditors") and the applicants. The matters put before the court included:

1. applications from the Company and the financial creditors for leave to appeal on the jurisdictional issue following the 6 September Order;

2. an application from the financial creditors for leave to appeal the order refusing their application to intervene;