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Extension Announcement - Redemption of the entire issued cumulative preference shares in Barloworld
BARLOWORLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld")
EXTENSION ANNOUNCEMENT – REDEMPTION OF THE ENTIRE ISSUED CUMULATIVE PREFERENCE SHARES IN
BARLOWORLD
Unless otherwise defined in this announcement ("Announcement"), capitalised words and expressions have the meanings given
to them in the Circular (as defined below) and the Redemption Announcement (as defined below).
1. INTRODUCTION
Barloworld Ordinary Shareholders and Barloworld Preference Shareholders are referred to:
(i) the circular to Barloworld shareholders dated 29 January 2025 ("Circular") setting out, among other things, the
terms and conditions of the Standby Offer by Newco to acquire all the issued Barloworld Ordinary Shares
excluding the Barloworld Ordinary Shares held by the Excluded Shareholders; and
(ii) the announcement released by Barloworld on SENS and ANS on Friday, 19 December 2025, advising
Barloworld Ordinary Shareholders and Barloworld Preference Shareholders that Barloworld shall redeem all of
the Barloworld Preference Shares ("Redemption Announcement").
2. EXTENSION OF THE REDEMPTION DATE
(i) As announced in the Redemption Announcement on SENS, the Redemption and delisting of the Barloworld
Preference Shares was intended to occur on Monday, 2 March 2026 once the special resolution required to be
passed by Barloworld Ordinary Shareholders to give effect to the Preference Share Terms Amendment has
been passed and filed with the Companies and Intellectual Property Commission, and Barloworld has obtained
any approvals required from FinSurv in terms of the Exchange Control Regulations in order to redeem the
Barloworld Preference Shares and delist them from the JSE.
(ii) The special resolution required to implement the Preference Share Terms Amendment has been passed by
the Barloworld Ordinary Shareholders and was filed with the Companies and Intellectual Property Commission
on 16 February 2026 following the implementation of the Squeeze-Out and the delisting of the Barloworld
Ordinary Shares from the JSE (which delisting occurred on Tuesday, 27 January 2026).
(iii) However, Barloworld is yet to receive the relevant approvals required from FinSurv in terms of the Exchange
Control Regulations in order to redeem the Barloworld Preference Shares and delist them from the JSE.
(iv) Accordingly, the expected timetable for the redemption of the Barloworld Preference Shares will be revised.
Once the relevant approvals required from FinSurv in terms of the Exchange Control Regulations have been
received, Barloworld will publish a further announcement on SENS, which will include the revised timetable,
including the date of payment of the redemption payment to Barloworld Preference Shareholders, as well as
any updates to the redemption payment, if any.
Johannesburg
17 February 2026
Transaction sponsor in relation to the preference share redemption
Tamela Holdings Proprietary Limited
Date: 17-02-2026 07:05:00
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