BARLOWORLD LIMITED - Change to Board of Directors Retirement of Group Finance Director and Appointment of New Group Finance Director

Change to Board of Directors – Retirement of Group Finance Director and Appointment of New Group Finance Director

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1918/000095/06)
Share code: BAW
A2X code: BAW
JSE ISIN: ZAE000026639
Share code: BAWP
JSE ISIN: ZAE000026647
Bond issuer code: BIBAW
("Barloworld" or "the Group")


CHANGE TO BOARD OF DIRECTORS – RETIREMENT OF GROUP FINANCE DIRECTOR
AND APPOINTMENT OF NEW GROUP FINANCE DIRECTOR

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders
are advised that Ms Nopasika Vuyelwa Lila will retire as Group Finance Director of Barloworld
on 31 November 2025, having completed a successful tenure in this role since joining in
2019. In this role, the Board has appointed Ms Relebohile Mosaletseng Sehoole (Malahleha)
as Group Finance Director effective 1 December 2025.

Nopasika – the retiring Group Finance Director was instrumental in driving a number of
improvement processes in the Group geared at inculcating effective financial management
and value creation around cash and revenue management. In addition, during her tenure,
Nopasika's focus extended beyond her financial mandate and as the CEO of the Barloworld
Corporate Offices, she championed conscious leadership, belonging and uncompromising
performance.

Ms Relebohile Mosaletseng Sehoole (Malahleha) – Incoming Group Finance Director is
currently the Executive: Strategic Finance and a standing invitee to the Group Executive
Committee.

Relebohile has been with Barloworld for 10 years and started her journey in the Group as
CFO for Avis Budget Southern Africa in 2015 (then a subsidiary of Barloworld). She brings
over 27 years of experience in managing and operating businesses within various roles. Her
expertise includes holding leadership positions in Corporate Finance, Group Treasury,
Financial Reporting, Corporate Governance, Group Tax, Financial restructuring and more.
During her tenure she has played a pivotal role in the following defining projects for the
Group:

   -   the acquisition of Ingrain starch business from Tongaat Hulett Limited
   -   the unbundling, refinancing and subsequent IPO of Zeda Limited (the business she
       headed as the Financial Director)
   -   the buy-out of Barloworld's defined benefit pension fund based in the UK
   -   the sale of 50% of the Motor retail business to NMI Durban South Motors (Pty) Limited
       (on which she still serves as the Audit committee chair)
   -   member of the steering committee of the take-private transaction of Barloworld.

Before her time at Barloworld, Relebohile was a partner at KPMG Inc. for 7.5 years, first in the
technical department and later in Accounting Advisory services.

She holds a CA(SA) qualification and is an Advanced Management Program Harvard
Business School graduate.

Mr Sewela remarked: "The Board and I are all indebted to Nopasika's contribution and wish
her well in her future endeavours. Furthermore, I welcome Relebohile into her new role and
remain confident that she is the right person to take the Group to the next level as we
continue to "Defy Limits" in our approach to business".

24 October 2025

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 24-10-2025 09:14:00
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