BARLOWORLD LIMITED - Voluntary announcement: Changes to the Executive Committee

Voluntary announcement: Changes to the Executive Committee

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")


VOLUNTARY ANNOUNCEMENT: CHANGES TO THE EXECUTIVE COMMITTEE


Shareholders are informed that Mr Keith Rankin, the Chief Executive Officer (“CEO”) of
Automotive, has resigned with effect from 31 May 2019. Keith is leaving to join one of the
Company’s key principals offshore. Mr Dominic Sewela, CEO of Barloworld Limited commented:
“We are sorry to see Keith leave Barloworld, however we wish him well in his new endeavours
and thank him for his valuable contribution to the business.”

Mr. Keith Rankin’s resignation has created an opportunity to consolidate and strengthen the
Automotive and Logistics business under the solid stewardship of Mr Kamogelo Mmutlana, the
current CEO of Logistics, effective 1 June 2019. Mr Mmutlana is an industrial engineer with 21
years of senior business executive experience in operations and management in varied sectors
including Logistics, Automotive, Food Services and other related industries, 18 years of which
were in senior and executive management roles with blue chip companies. Mr Dominic Sewela
commented: “We are very excited to have Kamo agree to take on this new role and look forward
to leveraging his expertise and track record in steering the Automotive and Logistics business
forward.

Mr Charl Groenewald, the current Chief Financial Officer for Equipment, will join the Barloworld
Executive team as Divisional CEO, for Barloworld Logistic Africa, reporting to Mr Mmutlana,
effective 1 June 2019. Charl Groenewald, a Chartered Accountant (SA) completed the Caterpillar
Executive Development Programme through Duke University in 2015. Charl joined Barloworld
in 1995 and remained with Barloworld, holding a variety of strategic sales, rental, marketing and
customer support positions gaining significant experience in providing successful fiscal, strategic
and operational leadership in challenging situations.


Sandton
27 February 2019

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

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