BARLOWORLD LIMITED - Ratings update

Ratings update

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)
(Alpha code: BIBAW)
("Barloworld” or “the Company")


RATINGS UPDATE

On 6 April 2022, Moody’s Investor Services (“Moody’s”) affirmed Barloworld Limited’s
(“Barloworld”) corporate family rating (“CFR”) of Ba2, with an outlook change from negative to
stable. Moody’s also affirmed Barloworld’s CFR national scale rating of Aa2.za.

The rating action is a direct consequence of the rating action on the South African sovereign and
reflects Barloworld’s operational concentration in South Africa.


Further details are available on Moody’s website.


Sandton
14 April 2022

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

Date: 14-04-2022 10:10:00
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.