BARLOWORLD LIMITED - Changes to the Board and Board committees

Changes to the Board and Board committees

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)
Alpha code: BIBAW
("Barloworld” or the “Company”)


CHANGES TO THE BOARD AND BOARD COMMITTEES


In accordance with paragraph 3.59 of the JSE Listings Requirements, shareholders are hereby
advised of the following changes to the board of directors (“the Board”) and the composition of
Board committees:

•    Mr Michael Lynch-Bell and Ms Ngozi Edozien will not stand for re-election at the forthcoming
     annual general meeting of Barloworld to be held on 17 February 2023 and will retire from
     the Board with effect from the same date.

•    The following Board committees have been reconstituted as follows:

       o      Audit Committee: as a result of the Board decision to split the Audit and Risk
              Committee to standalone committees of Audit and Risk, the following changes
              occurred:

              -    Mr Hugh Molotsi, stepped down as a member of the Audit Committee with
                   effect from 10 February 2022; and
              -    Mr Nicola Chiaranda was appointed as member of the Audit Committee with
                   effect from 21 February 2022 (as announced on SENS).

       o      Risk Committee: the newly established Risk Committee was constituted as
              follows:
              - Mr Nicola Chiaranda has been appointed as chairman of the Risk Committee
                   with effect from 21 February 2022; and
              - Messrs Hugh Molotsi, Dominic Sewela, Peter Schmid and Mses Nomavuso
                   Mnxasana and Nopasika Lila have been appointed as members of the Risk
                   Committee with effect from 10 February 2022.

       o      Social, Ethics and Transformation Committee (SETC): Ms Nomavuso
              Mnxasana stepped down as chairman of the SETC and was replaced by Ms Neo
              Mokhesi with effect from 10 February 2022.

           Barloworld’s Board committees remain duly constituted following these changes.

The Board would like to thank Mr Lynch-Bell and Ms Edozien for their contribution and dedication
to the Company over the years and wish them well in their future endeavours.
Sandton

29 November 2022

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

Date: 29-11-2022 01:33:00
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