Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 125

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4A
Chunk 125
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60  

  (1)      Mr. Calisto owns 19,450,000 shares, or 62.96%. However, Mr. Calisto and One Spire                                                               

  (2)      Ms Goy owns less than 1% of the issued and outstanding shares of the Company.  

  (3)      Mr Schubert owns less than 1% of the issued and outstanding shares of the Company.  

  (4)      Mr. Marais is the beneficial owner of 3,250,793 shares through One Spire (Pty)                                                                 

  (5)      Gobi Capital LLC is controlled by Bo Shan. Gobi Capital LLC and Bo Shan disclaim                                                       

As at May 9, 2025, we had 1 holder
of record of our ordinary shares in the United States, holding approximately 25,463,340 of our total issued ordinary shares. The U. S.
shareholder of record is CEDE & CO., a nominee of The Depository Trust Company. We believe that the shares held by CEDE & CO.
include ordinary shares beneficially owned by both holders in the United States and non-U. S. beneficial owners. The share register in
South Africa holds 5,429,960 ordinary shares.

  RELATED PARTY TRANSACTIONS  

CERTAIN RELATIONSHIPS AND RELATED
PARTY TRANSACTIONS

Related Person Transaction Policy

We have adopted a policy requiring
approval by the audit committee, subject to certain exceptions, of certain transactions between us and a related person (as defined below).
Transactions subject to the policy would include the following transactions in which a related person has or will have a direct or indirect
material interest:

  any transaction or series of transactions with a related  

  any transactions that are unusual in their nature or conditions,                       

For purposes of the policy, “related person”
means:

  any director or executive officer of (i) the Company or (ii)  

  any immediate family member of a director or executive officer   

  any nominee for director of (i) the Company or (ii) an affiliated        

  a 10% beneficial owner of the Company’s voting securities  

  enterprises in which a substantial interest in the voting                                                                               

Related Party Transactions

The information below describes
related party transactions we have entered into, which are material to the company or the related party, or any transactions that are
unusual in their nature or conditions, involving goods, services or tangible or intangible assets,