Allocation of forfeitable shares 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) (Bond issuer code: BIBAW) (Namibian Stock Exchange share code: BWL) ("Barloworld” or “the Company") ALLOCATION OF FORFEITABLE SHARES In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following executive directors, prescribed officers and company secretary of Barloworld and directors of Barloworld South Africa (Pty) Limited, a major subsidiary, were awarded shares in terms of the Company’s forfeitable share plan (all off market) on 11 November 2021, the salient details of which are set out below: Executive Directors, Prescribed Officers and Company Secretary of Barloworld: Name of executive director: Dominic Sewela Name of company: Barloworld Designation: Chief Executive Officer Number of forfeitable shares awarded: 54 580 Barloworld ordinary shares; Consideration: Nil Average price at which shares were awarded: R149.4483 Vesting period: Three years from award date Value: R8 156 888.21 Acceptance date: 15 December 2021 Nature of transaction: Direct beneficial interest Name of executive director: Nopasika Lila Name of company: Barloworld Designation: Group Finance Director Number of forfeitable shares awarded: 22 340 Barloworld ordinary shares; Consideration: Nil Average price at which shares were awarded: R149.4483 Vesting period: Three years from award date Value: R3 338 675.02 Acceptance date: 10 December 2021 Nature of transaction: Direct beneficial interest Name of Prescribed Officer: Emmy Leeka Name of company: Barloworld Designation: Prescribed officer Number of forfeitable shares awarded: 22 480 Barloworld ordinary shares; Consideration Nil Average price at which shares were awarded: R149.4483 Vesting period: Three years from award date Value: R3 359 597.78 Acceptance date: 15 December 2021 Nature of transaction: Direct beneficial interest Name of Company Secretary: Vasta Mhlongo Name of company: Barloworld Designation: Group Company Secretary Number of forfeitable shares awarded: 15 300 Barloworld ordinary shares, of which 7 650 Barloworld shares will vest subject to achievement of performance conditions; Consideration Nil Average price at which shares were awarded: R149.4483 Vesting period: Three years from award date Value: R2 286 558.99 Acceptance date: 13 December 2021 Nature of transaction: Direct beneficial interest Name of director of major subsidiary: Tantaswa Fubu Major subsidiary: Barloworld South Africa (Pty) Limited Designation: Director Number of forfeitable shares awarded: 14 450 Barloworld ordinary shares; Consideration Nil Average price at which shares were awarded: R149.4483 Vesting period: Three years from award date Value: R2 159 527.94 Acceptance date: 10 December 2021 Nature of transaction: Direct beneficial interest Approximately 100% of the shares awarded to the Chief Executive Officer, Group Finance Director, Prescribed Officers of Barloworld and Directors of Barloworld South Africa (Pty) Ltd are subject to performance conditions. Approximately 50% of the shares awarded to the Group Company Secretary of Barloworld Limited is subject to performance conditions. The performance conditions include performance targets for improvement in Return on Invested Capital (ROIC), Free Cash Flow (FCF) and growth in Headline Earnings Per Share (HEPS). For the Group Company Secretary the remaining 50%,of the shares awarded are for retention purposes and subject to continued employment over a 3 year period. The necessary clearance in terms of paragraph 3.66 of the JSE Listings Requirements has been obtained. Barloworld shareholders approved the forfeitable share plan ("FSP") at the Company`s annual general meeting on 28 January 2010. The FSP is designed to align the objectives of Barloworld senior management with the interests of shareholders. The allocation of forfeitable shares was determined by the Barloworld remuneration committee on a market related basis. Sandton 17 December 2021 Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 17-12-2021 01:25:00 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.