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BARLOWORLD LIMITED - Barloworld finalises disposal of its Australian motor retail operations

Release Date: 01/04/2014 10:24
Code(s): BAWP BAW     PDF:  
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Barloworld finalises disposal of its Australian motor retail operations

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)
(Share ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld or the Company")

Barloworld finalises disposal of its Australian motor retail operations for R1.3 billion

Barloworld is pleased to announce that it has sold the remainder of its successful Australian motor
retail interests to a company owned by Nick Politis, a respected Australian automotive businessman.
The transaction is effective 31 March 2014 and follows the sale of the Ferntree Gully dealership
which was concluded on 31 October 2013.

These transactions were concluded at net asset value plus a premium for goodwill and realised
combined net proceeds (after settling outstanding debt) of approximately AUD130 million (R1.3
billion). The cash will be used to reduce Barloworld group net debt in the short term and to fund
strategic growth opportunities in the medium term.

The disposal is below JSE thresholds and this announcement is for information purposes only.

Sandton                                  Sponsor:
1 April 2014                             J.P. Morgan Equities South Africa (Pty) Ltd.


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 and Handling (earthmoving, power systems, materials handling and agriculture),
Automotive and Logistics (car rental, motor retail, fleet services, used vehicles and disposal
solutions, logistics management and supply chain optimisation). 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, Mazda, Mercedes-Benz, Toyota, Volkswagen, Massey Ferguson 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 25 countries
around the world with approximately 70% of just over 19 600 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

Transfer secretaries – South Africa
Link Market Services South Africa (Proprietary) Limited
(Registration number 2000/007239/07)
13th floor Rennie House, 19 Ameshoff Street, Braamfontein
(PO Box 4844, Johannesburg)
Tel: +27 11 630 0000

Registrars – United Kingdom
Equiniti Limited, Aspect House, Spencer Road
Lancing, West Sussex, BN99 6DA, England
Tel: +44 190 383 3381

Transfer secretaries – Namibia
Transfer Secretaries (Proprietary) Limited
(Registration number 93/713)
Shop 8, Kaiser Krone Centre, Post Street Mall
Windhoek, Namibia
(PO Box 2401, Windhoek, Namibia)
Tel: +264 61 227 647

Directors
Non-executive: DB Ntsebeza (Chairman), NP Dongwana, NO Edozien^, AGK Hamilton*, A Landia~,
SS Mkhabela, B Ngonyama, SS Ntsaluba, SB Pfeiffer•
Executive: CB Thomson (Chief Executive), PJ Blackbeard, PJ Bulterman, M Laubscher, DM Sewela,
OI Shongwe, DG Wilson
^Nigerian *British ~German •American
Group company secretary: Lerato Manaka

Enquiries: Barloworld Limited: Lethiwe Motloung
Tel +27 11 445 1000
E-mail invest@barloworld.com

College Hill: Amelia Soares, Tel +27 11 447 3030
E-mail amelia.soares@collegehill.co.za

For background information visit www.barloworld.com

Date: 01/04/2014 10:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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