Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 215

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 215
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  Share Capital                                                                                                                                          
  Issued and fully paid 30,893,300 (2024: 30,951,106) ordinary shares of no par value                                7,142,853                7,142,853  

The holder of ordinary shares is entitled to receive dividends
as declared from time to time, and is entitled to one vote per share at meetings of the Company.

                                 As of February 28/29                              
  Figures in Rand thousands                      2025                              
 ───────────────────────────────────────────────────────────────────────────────────
  Treasury shares                                                                  
  Beginning balance                                        ( 23,816      -         
  Treasury shares purchased                                 ( 3,461      ( 23,816  
  Treasury shares cancelled                                  27,277      -         
  Ending balance                                                  -      ( 23,816  

In 2024, the Company acquired51,106shares in the open market, of which14,637shares are held in trust by Cartrack Holdings Proprietary Ltd. The total amount paid to acquire
the shares was ZAR23.8million and this was presented as a component within shareholder’s equity. These shares were cancelled with
effect on May 24, 2024.

During the year ended February 28, 2025, the Company
acquired6,700shares in the open market. The total amount paid to acquire the shares was ZAR3.5million and this was presented as a
component within shareholder’s equity. These shares were cancelled with effect on June 17, 2024.

F-34

15.
TERM LOANS

                                                                                                                   As of February 28/29                           
  Figures in Rand thousands      Notes      Currency      Interest rate                        Maturity                            2025                           
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Non-current liabilities                                                                                                                                         
  Mortgaged bonds                15(a)      ZAR           Prime rate less 1.15%                December 2025                                       -      41,645  
  Interest-bearing loan          15(c)      EUR           6-month Euribor rate plus 0.75%      September 2031                                 31,640      -       
                                                                                                                                              31,640      41,645  
  Current liabilities                                                                                                                                             
  Mortgaged bonds                15(a)      ZAR           Prime rate less 1.