DGAP-Adhoc: Steinhoff International Holdings N.V.: SEAG And Finance Holding Lock-Up Agreement Effective And Update On Hemisphere Restructuring

DGAP-Ad-hoc: Steinhoff International Holdings N.V. / Key word(s): 
Miscellaneous 
Steinhoff International Holdings N.V.: SEAG AND FINANCE HOLDING LOCK-UP 
AGREEMENT EFFECTIVE AND UPDATE ON HEMISPHERE RESTRUCTURING 
 
20-Jul-2018 / 10:20 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ART. 17 OF THE EU MARKET ABUSE 
REGULATION (EU 596/2014, MAR)* 
 
*SEAG AND FINANCE HOLDING LOCK-UP AGREEMENT EFFECTIVE AND UPDATE ON 
HEMISPHERE RESTRUCTURING* 
 
Steinhoff International Holdings N.V. (the "*Company*" and with its 
subsidiaries, the "*Group*") 
 
The Company is pleased to announce that the lock-up agreement (the "*LUA*") 
in connection with the restructuring of the financial indebtedness of the 
Company, Steinhoff Europe AG ("*SEAG*"), Steinhoff Finance Holding GmbH 
("*Finance Holding*") and Stripes US Holding Incorporated ("*SUSHI*") (the 
"*Restructuring*") has today become effective in accordance with its terms. 
 
The parties to the LUA will now seek to implement the Restructuring within 
three months (subject to any agreed extension). Once the Restructuring has 
been implemented, the terms of the Restructuring (as set out in the term 
sheet included in the LUA) will remain in place for three years (subject to 
a maturity long stop date of 31 December 2021). 
 
Following an agreement being reached between Hemisphere International 
Properties B.V. ("*Hemisphere*") and advisors representing the third-party 
creditors of Hemisphere (the "*Hemisphere Lenders*") on the commercial terms 
for the restructuring of the financial indebtedness of Hemisphere (the 
"*Hemisphere Restructuring*"), the Company is pleased to announce that 
approximately 91% approval has been obtained from the Hemisphere Lenders to 
the terms of the Hemisphere Restructuring, subject to final documentation 
being agreed. The Company can also confirm that the requisite levels of 
support have been obtained to those terms of the Hemisphere Restructuring 
requiring approval under the terms of the LUA from the creditors of SEAG, 
SUSHI and Finance Holding. The next step with respect to the Hemisphere 
Restructuring will be for Hemisphere to negotiate with the Hemisphere 
Lenders the terms of a lock-up agreement with respect to the implementation 
of the Hemisphere Restructuring. 
 
Shareholders and other investors in the Company are advised to exercise 
caution when dealing in the securities of the Group. 
 
Stellenbosch, 20 July 2018 
 
20-Jul-2018 CET/CEST 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:    [phone] 
Fax:      [phone] 
E-mail:   [e-mail] 
Internet: www.steinhoffinternational.com 
ISIN:     NL0011375019 
WKN:      A14XB9 
Indices:  SDAX 
Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated 
          Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, 
          Stuttgart, Tradegate Exchange 
 
End of Announcement DGAP News Service 
 
706587 20-Jul-2018 CET/CEST 
 
 

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July 20, 2018 04:20 ET (08:20 GMT)