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Steinhoff To Consider Early Resolution Of Claims - Quick Facts

Steinhoff International Holdings N.V. said it continues to manage the various litigation claims against the Group as well as assessing claims available to Steinhoff against third parties. As part of the overall litigation strategy, Steinhoff will also consider early resolution of the claims brought against it. The company will also consider the possibility of using the permitted settlement arrangements introduced into the new terms of the Steinhoff finance documents and approved as part of the financial restructuring implemented in August 2019. These arrangements may include, among other
options, an equity issuance by Steinhoff.

Steinhoff also said it is evaluating a range of strategic options for the Pepco Group, including a potential public listing. This process remains in its early stages.

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