Barloworld standby offer extended as Newco waives condition

Johannesburg, 30 June 2025 - Barloworld Limited [JSE:BAW] announced today that Newco has waived the acceptance condition for its standby offer to acquire all ordinary shares of Barloworld, excluding those held by excluded shareholders. The acceptance deadline is extended to the date the other standby offer conditions are fulfilled or waived. As of today, Newco received Valid Acceptances for 64,224,014 Barloworld Ordinary Shares, or approximately 34.4% of all Ordinary Shares in issue. This, together with the Consortium's and the Barloworld Foundation's existing shareholdings, equates to 57.7% of the Barloworld Ordinary Shares in issue. The Independent Board agreed to extend the acceptance date, in the best interest of Barloworld Shareholders. As a condition to the extension of the Acceptance Date Deadline, Newco has agreed to pay a break fee in the amount of ZAR20,000,000 to the Company. The South African Competition Commission has recommended approval of the Proposed Transaction. The standby offer remains open for acceptance.