Update on posting of circular BARLOWORLD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1918/000095/06) (JSE share code: BAW) (JSE ISIN: ZAE000026639) (Share code: BAWP) (A2X code: BAW) (JSE ISIN: ZAE000026647) (Bond issuer code: BIBAW) ("Barloworld" or the "Company") UPDATE ON POSTING OF CIRCULAR Barloworld ordinary shareholders ("Shareholders") are referred to the firm intention announcement published on SENS on Wednesday, 11 December 2024 ("FIA"). Unless otherwise defined in this announcement, words and expressions contained herein shall have the same meanings as assigned to them in the FIA. As advised in the FIA, Barloworld and Newco intend jointly issuing a Circular to Shareholders, containing the full terms and conditions of the Scheme and the Standby Offer and including the notice to convene the Barloworld General Meeting to consider and, if appropriate, approve the Scheme Resolution. The Circular is required to be distributed to Shareholders within 20 business days from the date of the FIA, as specified in the Takeover Regulations (or such longer period as may be allowed by the TRP). Owing to the holiday period in South Africa in December, the finalisation and approval process of the Circular has been delayed and the parties will not be in a position to distribute the Circular to Shareholders within 20 business days from the date of the FIA. Shareholders are advised that the Takeover Regulation Panel has granted an extension permitting the Circular to be distributed to Shareholders by no later than 11 March 2025. Responsibility statement The Independent Board of Barloworld (to the extent that the information relates to Barloworld), individually and collectively, accepts responsibility for the information contained in this announcement and certifies, to the best of its knowledge and belief, that the information contained in this announcement is true and that this announcement does not omit anything that is likely to affect the importance of the information included. Johannesburg 14 January 2025 Transaction sponsor to Barloworld Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 14-01-2025 04:25:00 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.