DISTRIBUTION OF CIRCULAR, NOTICE GENERAL MEETING

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")

DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING

Shareholders are referred to the "BBBEE Transaction" announcement released on SENS on19 November 2018 and in the press on 20 November 2018, in which it was stated that Barloworld was in the process of preparing a circular to Shareholders which caters for the necessary authorisations to proceed with the BBBEE Transaction (as defined in that announcement), and the "Amendment to the Important Dates and Times of the BBBEE Transaction" announcement released on SENS on 3 December 2018 and in the press on 4 December 2018 and are advised that the circular (including the notice of the general meeting to be held at 180 Katherine Street, Sandton, 2196 at 14:00 on Thursday, 14 February) is being distributed to Shareholders today, Tuesday, 18 December 2018.

The circular, including the notice of general meeting, can be found at https://www.barloworld.com/investors/

A Q&A presentation is included on the Barloworld website at the same location.

Johannesburg

18 December 2018

Company Secretary

A Ndoni

Corporate Adviser and Transaction Sponsor

Tamela Holdings Proprietary Limited

Sponsor

Nedbank Corporate and Investment Banking, a division of Nedbank Limited