Claims Funding Europe: South African Institutions Back Steinhoff Class Action Run by Leading Dutch Law Firm

Dublin (ots/PRNewswire) -

Many of the largest institutions in South Africa have decided to
pursue claims on behalf of their clients and funds that suffered
losses as a result of the collapse in the share price of global
retailer Steinhoff[1] in December 2017.

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The institutions include Abax Investments, Allan Gray, Bateleur
Capital, Coronation, Denker, Electus, Eskom, Investec Asset
Management, Investec Wealth & Investment, Momentum, Old Mutual,
Sanlam, Tantalum Capital, Truffle and Visio Capital.

These institutions, whose clients' and funds' holdings
collectively represented approximately 20% of the total shareholding
in Steinhoff at the time the company's share price collapsed, are
engaging their respective clients. They are informing their clients
that they have concluded that the 'class action' case being run in
the Netherlands by the Dutch law firm BarentsKrans, is their
preferred legal route. The institutions are proposing to their
clients that they participate in the BarentsKrans case, which they
have concluded is aimed at achieving an outcome that is in their
clients' best interests.

The BarentsKrans case will be heard by the District Court of
Amsterdam. It covers shareholders that acquired shares in Steinhoff
or its predecessor entity from 26 June 2013 to 6 December 2017.

Martijn van Maanen, a partner at BarentsKrans, said:

"The decision by many of South Africa's largest institutional
investors to participate in the BarentsKrans Steinhoff litigation,
follows a long evaluation process by many of them.

We are pleased that so many of South Africa's largest asset
managers have chosen the BarentsKrans Steinhoff shareholder case as
the most appropriate option for their clients".

The BarentsKrans Steinhoff shareholder case is being fully funded
by Claims Funding Europe, a litigation funding company based in
Dublin, Ireland.

Martin Hyde, who is the director of Claims Funding Europe, said:

"Institutions that participate in the BarentsKrans Steinhoff
shareholder case will have the benefit of the combined experience of
BarentsKrans and CFE at successfully running and resolving large
class actions".

Registration now open to other Steinhoff investors

Shareholders who bought shares in Steinhoff or its predecessor
entity, Steinhoff International Holdings Limited (SIHL), on either
the Johannesburg Stock Exchange or the Frankfurt Stock Exchange,
between 26 June 2013 and 6 December 2017 (both dates inclusive) and
who held some shares on 5 or 6 December 2017, are able to join the
BarentsKrans claim.

Shareholders who bought Steinhoff shares in this period and are
not clients of South African institutions that have elected to
participate in the BarentsKrans case, can register at
steinhoffclassaction.com (http://www.steinhoffclassaction.com).

BarentsKrans[2] is one of Europe's leading mass litigation law
firms.

Claims Funding Europe[3] is a litigation funding company which is
co-owned by Maurice Blackburn Lawyers[4], the most successful
plaintiff class action law firm in Australia.

1. Steinhoff International Holdings N.V. (Steinhoff)

2. BarentsKrans:
https://www.barentskrans.nl/en/expertises/mass-litigation/

3. Claims Funding Europe: http://claimsfundingeurope.eu/

4. Maurice Blackburn Lawyers:
https://www.mauriceblackburn.com.au/general-law/class-actions/

ots Originaltext: Claims Funding Europe
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Martin Hyde
Director
Claims Funding Europe
E: mhyde@claimsfundingeurope.eu | T: +353-1775-9506 or (m) +353-87-
052-3980

Martijn van Maanen
Partner
BarentsKrans
E: martijn.vanmaanen@barentskrans.nl | T: +31-70-3760-684

Jan-Willem de Jong
Senior Associate
BarentsKrans
E: janwillem.dejong@barentskrans.nl | T: +31-70-3760-698

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