Barloworld Limited

Update on Barloworld Shareholder Meeting and Standby Offer The Standby Offer , in accordance with section 7 of the Circular related to the proposed transaction, has been triggered following the outcome of the EGM held on 26 February 2025. In the coming days, we will announce the timeline for the Standby Offer via SENS and A2X. The Standby Offer, which remains at ZAR 120.00 per share in cash is now open for acceptance by Barloworld shareholders. For detailed instructions on how to accept the Standby Offer, please refer to page 37 (section 7.5) of the Scheme Circular, which is available on our website: https://lnkd.in/d5eVe-4f Additionally, to assist shareholders, we will be posting a FAQ document on our website in the next few weeks to guide you through the process, required actions, and timings related to the Standby Offer.   For more information, view the full statement here: https://lnkd.in/dbinnpe7

To our valued Khula Sizwe beneficiaries: Please take a moment to watch the video for an update and further clarification on some of the frequently asked questions we received with regards to Khula Sizwe. Should you have any questions or require further clarification please phone 011 445 1000 or send an email to Khulasizwe@barloworld.com.

Barloworld will be holding an extraordinary general meeting (EGM) on 26th February 2025 at 9:00 South African time. Ordinary shareholders and preference shareholders are invited to participate at this meeting. Below is a video explaining the process for the benefit of shareholders. Should you wish to view an Afrikaans version of the video, or get more information about the EGM follow this link: https://lnkd.in/dJghrQap

As we approach the close of another remarkable year, we pause to reflect on the shared achievements and meaningful partnerships that define the Barloworld journey. 2024 was a testament to the power of resilience and collaboration, with every milestone reminding us of the collective strength of our Barloworld champions, customers, suppliers, and partners. Together, we turned challenges into opportunities and aspirations into accomplishments. As we look to 2025, our commitment to growth and innovation remains steadfast. Let’s continue to break barriers and reach new horizons. From all of us at Barloworld, we wish you and your loved ones a joyous festive season and a prosperous New Year. May it be filled with success, health, and happiness. Season’s Greetings!

Newco Announces Firm Intention to Acquire Barloworld   A few weeks ago, Barloworld issued a cautionary renewal (https://lnkd.in/dhEfyfTV) stating that Barloworld has entered into discussions with a consortium of investors comprising of Entsha and Gulf Falcon Holding, regarding a proposed transaction which could result in the Consortium making an offer to acquire all of the issued ordinary shares in Barloworld (other than treasury shares, shares held by members of the Consortium and Barloworld). Today in a joint statement, Newco and Barloworld announced Newco’s firm intention (https://lnkd.in/dRjC4qnE) to acquire the shares in Barloworld. The proposed transaction remains subject to shareholder and regulatory approvals. Read the full joint media release here: https://lnkd.in/dTTD7Tmc

The Barloworld RISE CEO Awards 2024 Celebrating our Barloworld Champions: Our CEO Dominic Sewela always reminds us: Tough times don’t last. Tough teams do. On Saturday evening we hosted the Barloworld CEO Awards, indisputably the highlight of our annual awards season and a celebration not only of individual excellence, but also the incredible power of teamwork, which has propelled us to great heights over the last 12 months in spite of the significant challenges we faced in certain areas of the business. We got to take a look back over the past year and celebrate our collective successes as ONE Barloworld, while acknowledging the remarkable people and teams who made it possible and who personify the longevity of the business. Congratulations to all the nominees, runners up and the worthy winners: Stewardship Award: Nopasika Lila - (BCO) Transformation Award: Elena Levina - (VT) One Barloworld Culture Award: Yondela Ndema (PhD) - (BCO) Continuous Improvement Award: Samson Mongole and Lawrence Mabililale - Ingrain Customer at the Centre Award: Tselane Halata  - (SMD) Innovation Award: Barloworld Energy and Transformation Team (BWE) Performance Excellence Award: Barloworld Mongolia 794 AC Assembly Team Safety and Lifesaving Behaviour Award: Gulfiya Valeeva (VT) Values in Action Award: Alison Zanzottera (BME) Rising Star Award: Kgaugelo Legoabe-Kgomari  (BCO) CEO Distinction: Barloworld Equipment Botswana - (BWE) Royal Salute: Barloworld Mongolia Leadership Team Team of the Year Award: Ingrain Bellville Boiler House Team Individual of the Year: Sandile Langa Overall winners of the Year: Samson Mongole and Lawrence Mabililale. Each of you have done your ONE Barloworld family proud!

Barloworld’s Sustainable Evolution Executive Development (SEED) Programme Celebrates its First Graduates Yesterday morning was a landmark moment for some of our Barloworld leaders as they became the first graduates of the innovative SEED Programme. The initiative was run in partnership with the GIBS Business School (Gordon Institute of Business Science) and formed part of the larger Barloworld Leadership Journey Programme which was launched in 2021, with the intention of creating a leadership community across the business that models the One Barloworld Way of Leading. On this leadership journey Barloworld is defining new models of leadership styles required to lead in times of crisis and an ever-changing, digital, borderless and interconnected world. The SEED Programme is a significant leg of this leadership journey, which is informed by Barloworld’s leadership philosophy and Leadership Charter. The SEED programme was created to equip Barloworld leaders with the relevant knowledge and tools needed to negotiate the challenges of an ever-changing world, particularly in the context of sustainable development. The first cohort of graduates received their certificates at a graduation event held this morning. Their certification means they have evolved their leadership capabilities in such a way that they are aligned with Barloworld’s commitment to sustainable development.   Barloworld is committed to making a world of difference and this is underpinned by our goal to be a responsible corporate, delivering products, services and solutions that generate sustainable outcomes. We see ourselves as drivers of sustainable economic development. ‘Sustainable’ to us means ensuring the prosperity and safeguarding the welfare of the broader communities in which we operate and for society as a whole. Through the SEED Programme, each of the graduates have had the opportunity not only to develop their own leadership potential and make a positive impact within their immediate team, but also in the broader communities in which we operate. Congratulations to the leaders from across the Barloworld group (Barloworld Equipment, Ingrain, Barloworld Mongolia, VT and SMD) whose dedication and commitment saw them successfully complete the challenging SEED Programme!

Barloworld’s Sustainable Evolution Executive Development (SEED) Programme Celebrates its First Graduates   This morning was a landmark moment for some of our Barloworld leaders as they became the first graduates of the innovative SEED Programme. The initiative was run in partnership with the Gordon Institute of Business Science (GIBS) and formed part of the larger Barloworld Leadership Journey Programme which was launched in 2021, with the intention of creating a leadership community across the business that models the One Barloworld Way of Leading. On this leadership journey Barloworld is defining new models of leadership styles required to lead in times of crisis and an ever-changing, digital, borderless and interconnected world. The SEED Programme is a significant leg of this leadership journey, which is informed by Barloworld’s leadership philosophy and Leadership Charter.   The SEED programme was created to equip Barloworld leaders with the relevant knowledge and tools needed to negotiate the challenges of an ever-changing world, particularly in the context of sustainable development. The first cohort of graduates received their certificates at a graduation event held this morning. Their certification means they have evolved their leadership capabilities in such a way that they are aligned with Barloworld’s commitment to sustainable development.   Barloworld is committed to making a world of difference and this is underpinned by our goal to be a responsible corporate, delivering products, services and solutions that generate sustainable outcomes. We see ourselves as drivers of sustainable economic development. ‘Sustainable’ to us means ensuring the prosperity and safeguarding the welfare of the broader communities in which we operate and for society as a whole. Through the SEED Programme, each of the graduates have had the opportunity not only to develop their own leadership potential and make a positive impact within their immediate team, but also in the broader communities in which we operate. Congratulations to the leaders whose dedication and commitment saw them successfully complete the challenging SEED Programme!

Attention All Barloworld employees and ex-employees that are Khula Sizwe Trust Beneficiaries,   Khula Sizwe is an empowerment initiative that was implemented by the Barloworld shareholders in 2019 upon which Khula Sizwe would own commercial properties and Barloworld a tenant. An employee share trust was then designed to enable transformation and share ownership of Khula Sizwe among our employees. Khula Sizwe was then born, and a separate management and Board were put in place to run Khula Sizwe.   Following completion of the initial five-year holding period of the Barloworld employee share trust (Khula Sizwe), we wish to provide clarity on the current state of your Khula Sizwe investment.   After careful market analysis, the Khula Sizwe Board has determined that current market conditions are not favourable for listing. To protect shareholder value, the Board is exploring alternative trading mechanisms for shareholders. These arrangements are expected to be announced by June 2025.   We acknowledge there may have been misconceptions about immediate cash payouts. To be clear: shareholders will receive shares, not cash, and the 2019 projected values were estimates of potential future value of the shares after the empowerment period. The share price is subject to market conditions, which have been significantly impacted by various factors, including COVID-19 and interest rate changes.   Only Barloworld Employees and former employees are beneficiaries of the Khula Sizwe Employee Trust and The Khula Sizwe Management Trust. These beneficiaries voted for Trustees in September. Names of the successful candidates have been communicated to the beneficiaries. These names are in the process of being submitted to the Masters office for appointment and once finalised this will be communicated to all beneficiaries.   Barloworld remains committed in assisting its employees and former employees with all concerns regarding transfer of their shares. The elected Trustees of the Khula Sizwe Trusts will ensure that Khula Sizwe delivers a sustainable trading mechanisms and that value is maximised for all shareholders. Regular updates will be provided through official Khula Sizwe channels.   Be on the lookout for further communication in the coming weeks. Should you have any questions please contact: khulasizwe@barloworld.com

Thank you for joining us for the presentation of our Annual Results for the 12 months ended 30 September 2024. You can access the Presentation, Booklet and Webcast here: https://lnkd.in/dKbF5BFz