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BARLOWORLD LIMITED - Sale of South African materials handling and agriculture businesses into a joint venture

Release Date: 17/11/2016 16:29
Code(s): BAW BAWP     PDF:  
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Sale of South African materials handling and agriculture businesses into a joint venture

Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
 (JSE Share code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Namibian Stock Exchange share code: BWL)
(“Barloworld” or “the Company”)


Sale of South African materials handling and agriculture businesses into a joint venture

Barloworld Handling, a division of Barloworld South Africa (Pty) Limited, has finalised an agreement to sell its
South African materials handling and agriculture businesses into a 50:50 joint venture with BayWa AG
(“BayWa”). The transaction is subject to certain conditions precedent including regulatory approvals.

BayWa is listed on the German SDAX exchange and its main business is agriculture trading and services. This
transaction extends our partnership with BayWa to distribute agricultural and materials handling equipment
in southern Africa following the joint venture concluded with them in Zambia in 2015.

The purchase price for the business approximates net asset value and the cash proceeds will be utilised to
repay debt and be available to invest in other growth opportunities for the Barloworld group as and when
they arise.

The transaction is below the JSE transaction thresholds and is for information purposes only.



Sandton                                                                                    17 November 2016



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,
Budget, Audi, BMW, Ford, General Motors, Jaguar Land Rover, 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 diversity and inclusion. The company was founded in 1902 and currently has
operations in over 20 countries around the world with 78% of over 20 000 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, FNO Edozien^, SS Mkhabela, B Ngonyama,
SS Ntsaluba, SB Pfeiffer•, OI Shongwe

Executive: CB Thomson (Chief Executive), PJ Blackbeard, PJ Bulterman, DM Sewela, DG Wilson

^Nigerian •American

Group company secretary: Lerato Manaka

Enquiries: Barloworld Limited: Lethiwe Motloung
Tel +27 11 445 1000
E-mail: invest@barloworld.com
Instinctif: Morne Reinders, Tel +27 11 447 3030
E-mail morne.reinders@instinctif.com


Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

Date: 17/11/2016 04:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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