Steinhoff to sell nearly 75% of KAP to a subsidiary of Toyota

All,

- Steinhoff continues the liquidation of its noon-core subsidiaries. An updated analysis will be on the website tonight. This morning the company disclosed it has agreed to sell nearly 75% of Unitrans to a subsidiary of Toyota. The value is not disclosed and Unitrans has debt, which last time was reported at E175m. We are envisaging a Cash inflow of E130m, subject - potentially - to creditor approval. This follows the announcement to put its 26% of KAP up for sale.

Wolfgang