BARLOWORLD LIMITED - Directorate, Company Secretary and Sponsor changes

Directorate, Company Secretary and Sponsor changes

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Income Tax Registration number 9000/051/71/5)
(Share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Namibian Stock Exchange share code: BWL)
("Barloworld” or “the Company")


In compliance with paragraph 3.59 and paragraph 2.6 of the JSE Limited Listings
Requirements, Barloworld wishes to make the following announcements:

Directorate and Company Secretary Changes

Essential to our talent management strategy at Barloworld is a structured approach to
succession planning that ensures a seamless transition and movement of talent within the
organisation. With that approach in mind the following management changes will be made with
effect from 1 September 2018:

   -   Mr Donald (Don) Wilson, the Finance director, in accordance with the company’s
       memorandum of incorporation (MOI) will retire by rotation at the Company’s 2019
       AGM. Mr Wilson has indicated that he will not offer himself for re-election and will
       accordingly retire as a member of the board and finance director at the 2019 AGM.
   -   Ms Olufunke (Funke) Ighodaro, has been appointed as an Executive Director of the
       board and CFO-designate of the Company effective 1 September 2018. Ms Ighodaro will
       succeed Mr Wilson as finance director of Barloworld at the next annual general meeting
       of the Company planned for February 2019. Ms Ighodaro is a Chartered Accountant with
       solid financial and commercial experience gained from working across various sectors
       including financial services, fast moving consumer goods, media and
       telecommunications. She has multi-geographical experience gained from working in
       South Africa, England and Nigeria and previously served as the Group CFO of Tiger
       Brands Limited and Primedia Limited and as executive director of Kagiso Trust
       Investments and Managing Director of its private equity interests.
   -   Ms Lerato Manaka, the Company Secretary, will be stepping down from her role with
       effect from 31 August 2018. Ms Manaka will be transitioning to an operational role
       within the Barloworld Group.
   -   Ms Andiswa Ndoni has been appointed to the post of Company Secretary with effect
       from 1 September 2018. Ms Ndoni is an admitted attorney who has extensive experience
       in the legal services, company secretariat and governance functions. She is currently the
       Group Company Secretary and Executive Officer of Corporate Affairs and Governance at
       Basil Read Holdings Limited.

Resignation and Appointment of Sponsor

Shareholders are hereby advised that JP Morgan Equities South Africa Proprietary Limited has
resigned as the Company’s Equity Sponsor with effect from 31 July 2018. Nedbank Limited,
acting through its Corporate and Investment Banking division, has been appointed as Equity
Sponsor to Barloworld with effect from 1 August 2018.



Sandton
26 July 2018
Equity Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

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