Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 53

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 3
Chunk 53
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 our executive
officers relating to shareholder rights. The administrative process of becoming a registered shareholder could result in delays prejudicial
to any such legal proceeding or enforcement action. See Exhibit 2.2 “ Description of Ordinary Shares - Comparison of Shareholder
Rights” for a discussion of certain differences between Singapore and Delaware corporation law.

It may be difficult for you to
enforce any judgment obtained in the United States against us, our directors, officers or our affiliates.

A majority of our directors and
officers reside outside the United States. In addition, a majority of our assets and the assets of those persons are located outside the
United States. As a result, it may be difficult to enforce in the United States any judgment obtained in the United States against us
or any of these persons, including judgments based upon the civil liability provisions of the U. S. securities laws. In addition, in original
actions brought in courts in jurisdictions located outside the United States, it may be difficult for investors to enforce liabilities
based upon U. S. securities laws.

There is no treaty between the
United States and Singapore providing for the reciprocal recognition and enforcement of judgments in civil and commercial matters and
a final judgment for the payment of money rendered by any federal or state court in the United States based on civil liability, whether
or not predicated solely upon the federal securities laws, would, therefore, not be automatically enforceable in Singapore. It is not
clear whether a Singapore court may impose civil liability on us or our directors and officers who reside in Singapore in an action brought
in the Singapore courts against us or such persons with respect to a violation solely of the federal securities laws of the United States.

In addition, holders of book-entry
interests in the ordinary shares (for example, where such shareholders hold ordinary shares indirectly through the DTC) will be required
to be registered shareholders as reflected in our register of members in order to have standing to bring a shareholder action and, if
successful, to enforce a foreign judgment against us, our directors or our executive officers in the Singapore courts. Any such enforcement
action would be subject to applicable Singapore laws. The administrative process of becoming a registered shareholder could result in
delays that could be prejudicial to any legal proceeding or enforcement action. In making a determination as to enforceability of a judgment
of a state court or a federal court of the United States, the Singapore courts would have regard to, among others, whether the judgment
was final and conclusive, given by