Steinhoff International Holdings N.V. : UPDATE ON PEPCO GROUP

DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous
25.01.2021 / 15:00
The issuer is solely responsible for the content of this announcement.
*UPDATE ON PEPCO GROUP*

Steinhoff International Holdings N.V. ("*Steinhoff*" or the "*Company*" and with its subsidiaries, the "*Group*").

On 8 November 2019, the Group announced that it was considering and evaluating a range of strategic options for the Pepco Group, including a potential public listing. During the course of 2020 further announcements confirmed that the intention remained, but that the likely timing had inevitably been impacted by the COVID-19 pandemic.

The evaluation process has now resumed, with a range of strategic options under consideration. The process remains in its early stages and no definitive decision has been taken with respect to any specific course of action or timing at this point.

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

25 January 2021
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25.01.2021 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.

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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: 1162998
End of News DGAP News Service