Allocation of forfeitable shares 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") ALLOCATION OF FORFEITABLE SHARES In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following director of Barloworld South Africa (Pty) Limited, a major subsidiary, was awarded shares in terms of the company’s forfeitable share plan (all off market) on 7 March 2019, the salient details of which are set out below: Executive Director of Barloworld South Africa (Pty) Limited: Name of director of major subsidiary: Andronicca Masemola Major subsidiary: Barloworld South Africa (Pty) Limited Designation: Director Number of forfeitable shares awarded: 8 600 Barloworld ordinary shares, of which 4 300 Barloworld shares will vest subject to achievement of performance conditions Consideration Nil Average price at which shares were awarded: R125.2874 Vesting period: Three years from award date Value: R1 077 471.64 Date of award: 7 March 2019 Nature of transaction: Direct beneficial interest Approximately 50% of the shares awarded to the director of Barloworld South Africa (Pty) Ltd are subject to performance conditions. The performance conditions include performance targets for improvement in return on net operating assets (RONOA), total shareholder return (TSR) and growth in headline earnings per share (HEPS). The remaining 50% of the shares awarded are for retention purposes and subject to continued employment over a 3 year period. The necessary clearance in terms of paragraph 3.66 of the JSE Listings Requirements has been obtained. Barloworld shareholders approved a forfeitable share plan ("FSP") at the company`s annual general meeting on 28 January 2010. The FSP 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 7 March 2019 Sponsor: Nedbank Corporate and Investment Banking Date: 07/03/2019 04:50:00 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.