Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 228

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 228
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ried at fair value and whose carrying amounts are not reasonable approximation of fair value

There are no financial instruments that are not carried
at fair value and whose carrying amounts are not reasonable approximation of fair value.

F-50

32.
BASIC AND DILUTED EARNINGS PER SHARE INFORMATION

Basic and diluted earnings per share

The calculation of basic and diluted earnings per share
has been based on the profit attributable to ordinary shareholders and the weighted average number of ordinary shares in issue.

                                                                          Year ended February 28/29                                                  
                                                                                               2025                                                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Basic earnings                                                                                                                                     
  Profit attributable to ordinary shareholder of Karooooo (ZAR ’000)                                        921,031         738,191         597,153  
  Weighted average number of ordinary shares issued                                                      30,894,805      30,948,470      30,951,106  
  Basic and diluted earnings per share (ZAR)                                                                  29.81           23.85           19.29  

Diluted earnings per share

There are no dilutive instruments and therefore diluted earnings
per share is the same as basic earnings per share.

F-51

33.
FUNDING FACILITIES

Bank overdraft and overdraft
facility

In March 2020, Cartrack Proprietary Limited entered
into an unsecured short-term overdraft and other facilities with Capitec Bank Limited, previously Mercantile Bank (“ Capitec Bank”),
pursuant to a Short-Term Facility Letter, as amended and supplemented from time to time (the “ Overdraft Facility”). Pursuant
to the most recent Addendum to the Short-Term Facility Letter, dated April 18, 2024, the Overdraft Facility was increased to ZAR300.0million. Amounts due under the Overdraft Facility bear interest at Capitec Bank’s prime lending rate, which as at the date of this
annual report was10.75%. Subject to completion of documentation, Capitec Bank has approved the extension of the expiry date to March
31, 2026.

As of February 28, 2025, ZAR205.3million (2024: ZAR23.4million) of the facility had been utilized.

Term loan facility

In February 2021, Cartrack Proprietary
Limited entered into a funding facility (