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Press Release - Disposal of UK Materials handing business
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld” or “the Company")
PRESS RELEASE – DISPOSAL OF UK MATERIALS HANDLING BUSINESS
Barloworld has finalised agreements to sell its UK Materials Handling business to Briggs Equipment
who will acquire Barloworld’s assets and represent the Hyster forklift brand in the UK including
Northern Ireland. The transaction is expected to close by 30 September 2012.
The purchase price approximates tangible net asset value and will realise cash proceeds of
approximately £36 million (R465 million).
The cash proceeds will be utilised to repay debt and partially fund certain organic and acquisitive
growth opportunities for the Barloworld group.
The transaction is below the JSE transaction thresholds and is for information purposes only.
Sandton
23 August 2012
About Barloworld
Barloworld is a distributor of leading international brands providing integrated rental, fleet
management, product support and logistics solutions. The core divisions of the group comprise
Equipment (earthmoving and power systems), Automotive and Logistics (car rental, motor retail,
fleet services, used vehicles and disposal solutions, logistics management and supply chain
optimisation) and Handling (materials handling and agriculture). We offer flexible, value adding,
integrated business solutions to our customers backed by leading global brands. The brands we
represent on behalf of our principals include Caterpillar, Hyster, Avis, Audi, BMW, Ford, General
Motors, Mercedes-Benz, Toyota, Volkswagen and others.
Barloworld has a proven track record of long-term relationships with global principals and
customers. We have an ability to develop and grow businesses in multiple geographies including
challenging territories with high growth prospects. One of our core competencies is an ability to
leverage systems and best practices across our chosen business segments. As an organisation we are
committed to sustainable development and playing a leading role in empowerment and
transformation. The company was founded in 1902 and currently has operations in 27 countries
around the world with approximately 60% of our nineteen thousand employees in South Africa.
Corporate information
Registered office and business address
Barloworld Limited, 180 Katherine Street
PO Box 782248, Sandton, 2146, South Africa
Tel +27 11 445 1000
Email invest@barloworld.com
Directors
Non-executive: DB Ntsebeza (Chairman), NP Dongwana, AGK Hamilton*, SS Mkhabela,
B Ngonyama, SS Ntsaluba, TH Nyasulu, G Rodriguez de Castro de los Rios†, SB Pfeiffer•
Executive: CB Thomson (Chief Executive), PJ Blackbeard, PJ Bulterman, M Laubscher,
OI Shongwe, DG Wilson
*British †Spanish •American
Group company secretary
Bethuel Ngwenya
Enquiries
Barloworld Limited
Jacey de Gidts
Tel +27 11 445 1000
E-mail invest@barloworld.com
College Hill
Jacques de Bie, Tel +27 11 447 3030
E-mail Jacques.deBie@collegehill.co.za
For background information visit www.barloworld.com
Sponsor:
J.P. Morgan Equities Limited
Date: 23/08/2012 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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