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BARLOWORLD LIMITED - Dealings in securities by a director of a major subsidiary of Barloworld Limited

Release Date: 25/05/2018 15:17
Code(s): BAW BAWP     PDF:  
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Dealings in securities by a director of a major subsidiary of Barloworld Limited

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)
(Namibian Stock Exchange share code: BWL)
("Barloworld” or “the Company")

DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY OF BARLOWORLD
LIMITED

In terms of the Barloworld Forfeitable Share Plan (FSP) forfeitable
shares were granted to senior management of the Barloworld Group on 30
March 2015. The FSP vests over a period of three years. 75% of the FSP
granted to executive directors and prescribed officers vest on a sliding
scale based on achievement of prescribed performance conditions. The
performance condition for HEPS has not been met, 64.0% of the RONOA and
100.0% performance conditions shares will vest.

In terms of the Barloworld Share Appreciation Rights Scheme (SARs)
certain share appreciation rights were granted to senior management of
the Barloworld Group on 19 March 2013. The SARs are settled in
Barloworld Limited ordinary shares. The SARs vest over a period of five
years based on achievement of a prescribed performance condition. The
2013 grant met the performance condition and vested on 18 March 2016.
The performance conditions are disclosed in the 2016 remuneration
reports   available  on   the  company’s   website,  www.barloworld.com.
Consequently executive directors of Barloworld Limited and directors of
a major subsidiary of Barloworld Limited may exercise their grants


In compliance with rule 3.63 to 3.74 of the Listing Requirements, the
following information is disclosed:


Director:                Litha Nkombisa
Company:                 Barloworld South Africa (Pty) Ltd – major
                         subsidiary of Barloworld Ltd
Date of transaction:     23 May 2018
Class of security:       Ordinary shares
Nature of transaction:   On market sale of shares that have vested under
                         the FSP
Number of FSPs :         2 120
Date of grant:           30 March 2015
Price per share          R158.0000
Total value:             R334 960.00
Vesting period:          Three years after date of grant

Nature of transaction:   On market sale of shares to settle the rights
                         that have vested under the SARs and subsequent
                         sale of 1 742 shares.
Number of shares :       1 742
Date of grant:           19 March 2013
Price per share:         R149.49
Purchased
Total value Purchased:   R260 411.58
Price per share Sold:    R149.06
Total value Sold:        R259 662.52
Vesting period:         Three years after date of grant at a tranche of
                        one third per annum from the third year

Nature of interest:     Direct/Beneficial
Market intermediary:    N/A
Confirmation of         Clearance to deal was granted by a director of
clearance               Barloworld Limited


Sandton

25 May 2018

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

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