Barloworld standby offer declared unconditional with revised timeline

Barloworld Limited announced that its Standby Offer, initiated by Newco, has been declared wholly unconditional as of October 1, 2025. This follows the waiver of the competition regulatory approval condition by COMESA and the absence of any Material Adverse Change or Superior Competing Barloworld Proposal. All Standby Offer Conditions, as outlined in the January 29, 2025 Circular, are now fulfilled or waived.

Newco has received Valid Acceptances for 77,595,744 Barloworld Ordinary Shares, representing approximately 41.6% of shares in issue (excluding Treasury Shares). Combined with existing shareholdings from the Consortium and Barloworld Foundation, this totals 65.0% of Barloworld Ordinary Shares. A compliance certificate request will be submitted to the TRP, with settlement to occur upon its receipt by October 7, 2025.

Barloworld Ordinary Shareholders still wishing to accept the Standby Offer have until the closing date of Wednesday, October 15, 2025. The revised timetable includes the first payment date on October 8, 2025, and a second payment date on October 15, 2025, for shares accepted by October 10, 2025. The final results of the Standby Offer will be announced on Thursday, October 16, 2025.