| Imagery Source: Barloworld Limited |
| Information Source: JSE SENS |
| Unless otherwise defined in this announcement, capitalised words and expressions have the meanings given to them in the Circular to Barloworld shareholders dated 29 January 2025 and the joint announcement released by Barloworld and Newco on SENS and ANS on Friday, 28 February 2025, advising Barloworld Ordinary Shareholders that the Standby Offer had been triggered and had become open for acceptance by Barloworld Ordinary Shareholders. |
| 1. INTRODUCTION |
| Barloworld Ordinary Shareholders are referred to the joint announcement released by Barloworld and Newco on SENS and ANS on Monday, 6 October 2025, which, among other things, advised Barloworld Ordinary Shareholders of the process and timetable applicable to the settlement of the Standby Offer. |
| 2. EXTENSION OF THE STANDBY OFFER CLOSING DATE |
| Barloworld Ordinary Shareholders are advised that Barloworld and Newco have, in accordance with the Circular, agreed to extend the Standby Offer Closing Date from Wednesday, 15 October 2025, to Friday, 7 November 2025, to provide Barloworld Ordinary Shareholders additional time to accept the Standby Offer. |
| Accordingly, Barloworld Ordinary Shareholders who wish to accept the Standby Offer have until 12h00 on Friday, 7 November 2025 (“Closing Date”) to accept the Standby Offer. The Standby Offer will close on the Closing Date, and any Barloworld Ordinary Shareholders who have not accepted the Standby Offer by 12h00 on the Closing Date will no longer be able to accept the Standby Offer and will not be entitled to receive the Per Share Standby Offer Consideration. |
| Where Barloworld Ordinary Shareholders, their CSDPs or brokers have any questions in relation to the Standby Offer, they should refer to the detailed Frequently Asked Questions on the Issuer’s website at https://barloworld.com/investors/standby-offer-faq/ or refer queries to Barloworld’s investor relations team at bawir@barloworld.com. |
| 3. REVISED DATES AND TIMES |
| Provided that Newco receives a compliance certificate in respect of the Standby Offer from the TRP by Tuesday, 7 October 2025, settlement of the Standby Offer will occur in accordance with the revised timetable below: |
| First payment date (payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by Friday, 3 October 2025): Wednesday, 8 October 2025 |
| Second payment date (Payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by Friday, 10 October 2025): Wednesday, 15 October 2025 |
| Third payment date (Payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by Friday, 17 October 2025): Wednesday, 22 October 2025 |
| Fourth payment date (Payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by Friday, 24 October 2025): Wednesday, 29 October 2025 |
| Last day to trade in Barloworld Ordinary Shares to be able to accept the Standby Offer: Tuesday, 4 November 2025 |
| Barloworld Ordinary Shares trade ex-entitlement to accept the Standby Offer on Wednesday, 5 November 2025 |
| Fifth payment date (Payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by Friday, 31 October 2025): Wednesday, 5 November 2025 |
| Record date and the Standby Offer closes at 12:00 on (Closing Date): Friday, 7 November 2025 |
| Results of the Standby Offer announced on SENS and the ANS: Monday, 10 November 2025 |
| Sixth payment date (payment of the Per Share Standby Offer Consideration to Barloworld Ordinary Shareholders who have accepted the Standby Offer by 12:00 on the Closing Date): Monday, 10 November 2025 |
| Notes: |
| 1 The Standby Offer Consideration due to dematerialised shareholders who have validly accepted the Standby Offer on the Closing Date will be credited to their accounts with their Intermediaries within a period of six business days after the Closing Date. |
| 2 The Standby Offer Consideration due to certificated shareholders who have validly accepted the Standby Offer on the Closing Date (including by completing the relevant section of the Form of Acceptance and Transfer (pink)) will be settled by way of electronic funds transfer, within a period of six business days after the Closing Date. |
| 4. RESPONSIBILITY STATEMENTS |
| The Independent Board |
| The Independent Board (to the extent that the information relates to Barloworld), individually and collectively, accepts responsibility for the information contained in this announcement and certifies, to the best of its knowledge and belief, that the information contained in this announcement is true and that this announcement does not omit anything likely to affect the importance of the information included. |
| Newco |
| The board of directors of Newco (to the extent that the information relates to Newco), individually and collectively, accepts responsibility for the information contained in this announcement and certifies, to the best of its knowledge and belief, that the information contained in this announcement is true and that this announcement does not omit anything likely to affect the importance of the information included. |
| For the full document, click the link below |
| Barloworld Limited |
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