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BAW/BAWP - Barloworld Limited - Allocation of forfeitable shares Barloworld Limited (Incorporated in the Republic of South Africa) (Registration number 1918/000095/06) (Share code: BAW) (ISIN: ZAE000026639) (Share code: BAWP) (ISIN: ZAE000026647) ("Barloworld" or "the company") ALLOCATION OF FORFEITABLE SHARES In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following executive directors of Barloworld Limited and directors of Barloworld South Africa (Pty) Limited, a major subsidiary, were awarded shares in terms of the company`s forfeitable share plan (all off market) on 28 February 2011, the salient details of which are set out below: Executive Directors of Barloworld Limited: Name of executive director: Clive Thomson Name of company: Barloworld Limited Designation: Chief Executive Officer Number of forfeitable shares awarded: 60 500 Barloworld ordinary shares, of which 44 000 Barloworld shares are subject to performance conditions; Consideration: Nil VWAP on award date: R71.33 Vesting period: Three years from award date Value: R4,315,465.00 Notification of award: 1 March 2011 Nature of transaction: Off market award of shares Nature of interest: Direct beneficial interest Name of executive director: Donald Wilson Name of company: Barloworld Limited Designation: Finance Director Number of forfeitable shares awarded: 26 000 Barloworld ordinary shares, of which 19 000 Barloworld shares are subject to
performance conditions; Consideration: Nil VWAP on award date: R71.33 Vesting period: Three years from award date Value: R1,854,580.00 Notification of award: 1 March 2011 Nature of transaction: Off market award of shares Nature of interest: Direct beneficial interest Name of executive director: John Blackbeard Designation: Executive Director Number of forfeitable shares awarded: 26 000 Barloworld ordinary shares, of which 19 000 Barloworld shares are subject to performance conditions; Consideration: Nil VWAP on award date: R71.33 Vesting period: Three years from award date Value: R1,854,580.00 Notification of award: 1 March 2011 Nature of transaction: Off market award of shares Nature of interest: Direct beneficial interest Name of executive director: Peter Bulterman Name of company: Barloworld Limited Designation: Executive Director Number of forfeitable shares awarded: 26 000 Barloworld ordinary shares, of which 19 000 Barloworld shares are subject to performance conditions;
Consideration: Nil VWAP on award date: R71.33 Vesting period: Three years from award date Value: R1,854,580.00 Notification of award: 1 March 2011 Nature of transaction: Off market award of shares Nature of interest: Direct beneficial interest Name of executive director: Martin Laubscher Name of company: Barloworld Limited Designation: Executive Director Number of forfeitable shares awarded: 33 500 Barloworld ordinary shares, of which 24 500 Barloworld shares are subject to performance conditions; Consideration: Nil VWAP on award date: R71.33 Vesting period: Three years from award date Value: R2,389,555.00 Notification of award: 1 March 2011 Nature of transaction: Off market award of shares Nature of interest: Direct beneficial interest Name of executive director: Isaac Shongwe Name of company: Barloworld Limited Designation: Executive Director Number of forfeitable shares awarded: 21 500 Barloworld ordinary shares, of which 15 500 Barloworld shares are subject to performance conditions;
Consideration: Nil VWAP on award date: R71.33 Vesting period: Three years from award date Value: R1,533,595.00 Notification of award: 1 March 2011 Nature of transaction: Off market award of shares Nature of interest: Direct beneficial interest Approximately 75% of the shares issued to executive directors of Barloworld Limited are subject to performance conditions. The performance conditions include performance targets for total shareholder return (TSR), growth in headline earnings per share (HEPS) and improvement in return on shareholders` equity (ROE). Executive Directors of Barloworld South Africa (Pty) Limited: Name of director of major subsidiary: Sibani Mngomezulu Designation: Director of major subsidiary Name of company: Barloworld South Africa (Pty) Limited Number of forfeitable shares awarded: 2 190 Barloworld ordinary shares Consideration: Nil VWAP on award date: R71.33 Vesting period: Three years from award date Value: R156,212.70 Notification of award: 1 March 2011 Nature of transaction: Off market award of shares Nature of interest: Direct beneficial interest Name of director of major subsidiary: Khanyisile Kweyama Major subsidiary: Barloworld South Africa (Pty) Limited Designation: Director Number of forfeitable shares awarded: 2 240 Barloworld ordinary shares Consideration: Nil VWAP on award date: R71.33 Vesting period: Three years from award date Value: R159,779.20 Notification of award: 1 March 2011 Nature of transaction: Off market award of shares Nature of interest: Direct beneficial interest Name of director of major subsidiary: Gale Lemmert Major subsidiary: Barloworld South Africa (Pty) Limited Designation: Director Number of forfeitable shares awarded: 1 480 Barloworld ordinary shares Consideration: Nil VWAP on award date: R71.33 Vesting period: Three years from award date Value: R105,568.40 Notification of award: 1 March 2011 Nature of transaction: Off market award of shares Nature of interest: Direct beneficial interest Name of director of major subsidiary: Litha Nkombisa Major subsidiary: Barloworld South Africa (Pty) Limited Designation: Director Number of forfeitable shares awarded: 2 120 Barloworld ordinary shares Consideration: Nil VWAP on award date: R71.33 Vesting period: Three years from award date Value: R151,219.60 Notification of award: 1 March 2011 Nature of transaction: Off market award of shares Nature of interest: Direct beneficial interest The necessary clearance in terms of paragraph 3.66 of the JSE Listings Requirements has been obtained. Barloworld shareholders approved the forfeitable share plan ("FSP") at the company`s annual general meeting on 28 January 2010. The FSP will be a key retention tool and is designed to align the objectives of Barloworld senior management with the interests of shareholders. The allocation of forfeitable shares was determined by the Barloworld remuneration committee on a market related basis. Sandton 1 March 2011 Sponsor: J.P. Morgan Equities (Pty) Limited Date: 01/03/2011 17:25:04 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
