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Confirmation of JSE and A2X approval for delisting of Barloworld ordinary shares following compulsory acquisition
BARLOWORLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAW)
(A2X code: BAW)
(JSE ISIN: ZAE000026639)
(Share code: BAWP)
(JSE ISIN: ZAE000026647)
(Bond issuer code: BIBAW)
("Barloworld" or the "Company")
ANNOUNCEMENT – CONFIRMATION OF JSE AND A2X APPROVAL FOR THE DELISTING OF BARLOWORLD ORDINARY
SHARES FOLLOWING THE COMPULSORY ACQUISITION IN TERMS OF SECTION 124(1) OF THE COMPANIES ACT 2008
Unless otherwise defined in this announcement, capitalised words and expressions have the meanings given to them in the
circular to Barloworld shareholders dated 29 January 2025 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
Excluded Shareholders.
Barloworld Ordinary Shareholders are referred to the announcement published by Newco on SENS and A2X on Friday, 28
November 2025 regarding the exercise by Newco of its right in terms of Section 124(1) of the Companies Act to compulsorily
acquire all of the Barloworld Ordinary Shares (excluding Barloworld Ordinary Shares held by Excluded Shareholders), in respect
of which the Standby Offer has not been accepted ("Remaining Barloworld Shares") from those Barloworld Ordinary
Shareholders who did not accept the Standby Offer, in accordance with the timetable set out in such announcement ("Squeeze
Out Notice").
The Squeeze-Out Notice advised Barloworld Ordinary Shareholders that, following Newco's compulsory acquisition of the
Remaining Barloworld Shares, on Thursday, 22 January 2026, the Barloworld Ordinary Shares would be delisted from the JSE
and the A2X (the "Delisting") and that it was expected that the Delisting would occur on Tuesday, 27 January 2026, subject to
the approval of: (i) the JSE in terms of section 1.17(a) of the JSE Listings Requirements; and (ii) the A2X in accordance with the
A2X Listings Requirements.
Barloworld Ordinary Shareholders are advised that Newco completed its compulsory acquisition of the Remaining Barloworld
Shares on Thursday, 22 January 2026, and has paid the necessary consideration for the Remaining Barloworld Shares to
Barloworld in accordance with section 124(5)(a)(ii) of the Companies Act, and that: (i) the JSE in terms of section 1.17(a) of the
JSE Listings Requirements; and (ii) the A2X in accordance with the A2X Listings Requirements have approved the Delisting with
effect from commencement of trade on Tuesday, 27 January 2026.
Johannesburg
Friday, 23 January 2026
Joint financial advisers to Newco
Deutsche Bank
The Standard Bank of South Africa Limited
Tamela Holdings Proprietary Limited
Legal adviser to Newco
Bowmans
South African legal adviser on competition law and legal due diligence to Newco
Webber Wentzel
International legal adviser on competition law and legal due diligence to Newco
Ashurst
Transaction sponsor in relation to the compulsory acquisition and delisting
Tamela Holdings Proprietary Limited
Date: 23-01-2026 12:56:00
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