HIGHLIGHTS

• Revenue from continuing operations up 23%to R43 238 million
• Trading profit up 33%
• Operating profit from continuing operations up 24% to R2 741 million
• HEPS – from continuing operations up 13%
             – from continuing operations (excluding STC on special dividend) up 21%
• Strategic actions completed ahead of schedule
• Significant shareholder value unlocked
  – Special dividend of R1 billion (R5 per share) paid
  – R19,3 billion distribution of PPC shares to shareholders

Clive Thomson, CEO of Barloworld, said:

“Barloworld embarked on an exciting new course during 2007. The group has been repositioned as a distributor of leading international brands providing integrated rental, fleet management, product support and logistics solutions.

We made good progress in executing the strategic actions announced at our AGM on 25 January 2007 to achieve that strategic positioning. PPC has been unbundled, the coatings division is being separately listed on the JSE Limited in early December and the scientific division and Freightliner truck business have been sold. These actions have unlocked significant value for our shareholders.

The group delivered a strong trading performance during the year, driven by our equipment division together with good performances from both automotive and logistics.

We have made significant progress on the transformation front during the year and our broad-based BEE transaction is on track for implementation in the first half of 2008.

Barloworld is in a strong position to capitalise on favourable trading conditions across most of our chosen business segments. The outlook for the refocused group is positive and, based on the currently prevailing economic climate, we expect continued growth in all of our operations in the year ahead”.

19 November 2007