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Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAW ISIN: ZAE000026639)
(Share code: BAWP ISIN: ZAE000026647)
("Barloworld" or "the company")
IMPLEMENTATION AND RESULT OF THE ODD-LOT OFFER
Shareholders are advised that the odd-lot offer to all registered shareholders
of fewer than 100 shares in the company and beneficial holders of fewer than 100
dematerialised shares in the company at the close of business on 14 February
2003 ("odd-lot holders") has been duly implemented.
Result of the odd-lot offer
The total number of shares made available by those odd-lot holders who elected
to sell their odd-lot holdings and by those who failed to make an election was
65 754. Barloworld has repurchased, through its subsidiary, Barloworld
Investments (Proprietary) Limited, in terms of a specific authority granted at
the general meeting held on Thursday, 30 January 2003, these shares at R55.75
per share for a total consideration of R3 665 785.50.
The total number of shares required by odd-lot holders who elected to purchase
sufficient additional shares to increase their odd-lot holdings to holdings of
100 shares was 8 872. Barloworld has issued, in terms of a specific authority
granted at the general meeting held on Thursday, 30 January 2003, the shares at
R55.75 per share for a total consideration of R494 614.00.
The net effect of the odd lot offer was to reduce the number of registered
shareholders from 3 555 to 1 301 registered shareholders. The issued ordinary
share capital of the company increased by 8 872 shares from 215 343 633 shares
to 215 352 505 shares.
Odd-lot holders who hold certificated shares
In respect of those odd-lot holders who hold certificated shares and elected to
purchase additional shares, new share certificates will be despatched by
registered post at the risk of the odd-lot holders concerned on Monday, 17
February 2003 or within five business days after surrender of their documents of
title and payment of the relevant subscription price, whichever is the later.
Cheques/electronic transfers in respect of the sale of odd-lot holdings will be
posted/electronically transferred at the risk of the odd-lot holders concerned
to odd-lot holders on Monday, 17 February 2003 or within five business days
after surrender of their documents of title, whichever is the later.
All odd-lot holders who elected to subscribe for additional shares or sell their
odd-lot holdings or who failed to make an election and who have not submitted
their documents of title to the share registrar are reminded to do so in order
for their new share certificates or payments (as applicable) to be released.
Odd-lot holders who hold dematerialised shares
Any change in the number of shares held and amounts payable/receivable by an odd
lot holder who has dematerialised his/her shares, as a result of the
implementation of the odd-lot offer, will be automatically recorded and
debited/credited on Monday, 17 February 2003 in the odd-lot holder`s account
with the Central Securities Depository Participant or broker selected by that
odd-lot holder.
Sandton
17 February 2003
Sponsor
Cazenove
Legal advisers
Bowman Gilfillan
Date: 17/02/2003 04:41:27 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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