Sharenet Sites 
Sharenet Sites
Update on the Acquisition of Tongaat Hulett Starch and Further Cautionary Announcement
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)
(Bond issuer code: BIBAW)
(JSE ISIN: ZAE000026647)
(Namibian Stock Exchange share code: BWL)
("Barloworld" or the "Company")
Update on the Acquisition of Tongaat Hulett Starch and Further Cautionary Announcement
Shareholders are referred to the various announcements regarding the proposed acquisition of Tongaat
Hulett Starch (the “Sale Business”) and the two material adverse change (“MAC”) notices delivered by KLL
Group Proprietary Limited, a wholly owned subsidiary of Barloworld (“KLL” or “Barloworld”), to Tongaat
Hulett Limited (“THL”) in terms of the sale and purchase agreement pertaining to the proposed acquisition
of the Sale Business concluded between THL and KLL on 28 February 2020, as amended. The dispute on
the MAC has been referred to Rothschild and Co South Africa Proprietary Limited (“Independent Expert”)
for a determination.
An announcement will be released on SENS later today advising Barloworld shareholders of the
Independent Expert’s determination.
Shareholders are advised to continue to exercise caution when dealing in the Company’s securities.
Sandton
22 September 2020
Financial Advisor and Transaction Sponsor
Absa Corporate and Investment Banking, a division of Absa Bank Limited
Legal Advisor
DLA Piper Advisory Services Proprietary Limited
JSE Equity and Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 22-09-2020 08:30:00
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.
