Barloworld Limited announced the following changes to the board of directors and the composition of Board committees: Mr. Michael Lynch-Bell and Ms. Ngozi Edozien will not stand for re-election at the forthcoming annual general meeting of Barloworld to be held on 17 February 2023 and will retire from the Board with effect from the same date. The following Board committees have been reconstituted as follows: Audit Committee: as a result of the Board decision to split the Audit and Risk Committee to standalone committees of Audit and Risk, the following changes occurred: Mr. Hugh Molotsi, stepped down as a member of the Audit Committee with effect from 10 February 2022; and Mr. Nicola Chiaranda was appointed as member of the Audit Committee with effect from 21 February 2022 (as announced on SENS). Risk Committee: the newly established Risk Committee was constituted as follows: Mr. Nicola Chiaranda has been appointed as chairman of the Risk Committee with effect from 21 February 2022; and Messrs Hugh Molotsi, Dominic Sewela, Peter Schmid and Mses Nomavuso mnxasana and Nopasika Lila have been appointed as members of the Risk Committee with effect from 10 February 2022.

Social, Ethics and Transformation Committee (SETC): Ms. Nomavuso millionxasana stepped down as chairman of the SETC and was replaced by Ms. Neo Mokhesi with effect from 10 February 2022. Barloworld's Board committees remain duly constituted following these changes.