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Tue 17 Jul 2007, 12:13 Deutsche Bank AG - Barloworld Ltd warrants notice
JSE   BAWDBABAWDBP
 DEUT                                                                            
Deutsche Bank AG - Barloworld Ltd warrants notice                               
BARLOWORLD LTD WARRANTS NOTICE                                                  
Holders of the Warrants below are referred to the notice to shareholders of     
Barloworld Ltd, regarding the Barloworld Ltd unbundling of Pretoria Portland    
Cement Company Ltd.                                                             
Due to the unbundling of Pretoria Portland Cement Company Ltd, the following    
changes to Barloworld Ltd warrants will take place with immediate effect:       
Holders of Barloworld Ltd warrants will now have rights to a basket comprised   
of -                                                                            
    1         BAW       share/s                                                 
    1.855     PPC       shares/s                                                
Deutsche Bank AG will make the following adjustments to the terms and           
conditions of the Warrants below:                                               
Previous Parameters                                                             
Code     ISIN Code     Type      Expiry        Strike/Barrier  Cover Ratio      
Price                             
BAWDBA   ZAE000091526  AC        26-Jul-2007   184.84          24.32139         
BAWDBP   ZAE000091542  EP        26-Jul-2007   165.39          24.32139         
Adjusted Parameters                                                             
Code     ISIN Code     Type      Expiry        Strike/Barrier  Cover Ratio      
                                              Price                             
BAWDBA   ZAE000091526  AC        26-Jul-2007   184.84          24.32139         
BAWDBP   ZAE000091542  EP        26-Jul-2007   165.39          24.32139         
The above adjustments will be made with immediate effect.                       
The effects of the adjustments will place the holders in the same position,     
had the corporate action not taken place.                                       
For further information contact:                                                
Deutsche Securities (Pty) Limited                                               
3 Exchange Square, 87 Maude Street, Sandton                                     
Tel:      +27 11 7757994                                                        
Email:    x-markets@db.co.za                                                    
Date: 17/07/2007 12:13:01 Produced by the JSE SENS Department.
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