Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 124

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4A
Chunk 124
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 accounting restatement
due to our material non-compliance with any financial reporting requirement under the U. S. securities laws, including any required accounting
restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements,
or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period.

A copy of our Compensation Recoupment Policy is filed as
Exhibit 97.1 hereto.

As at financial year ended February 28, 2025, we were not
required to recoup any compensation awarded under the Compensation Recoupment Policy.

Item 7. MAJOR SHAREHOLDERS AND RELATED
PARTY TRANSACTIONS

  MAJOR SHAREHOLDERS  

The following table sets forth information
as at May 9, 2025 regarding actual ownership of our ordinary shares by:

  each person or entity we know to own 5% or more of our ordinary  

  each executive officer; and  

  each director.  

For purposes of the table below,
the percentage ownership calculations are based on 30,893,300 ordinary shares outstanding as at May 9, 2025. To the extent different,
beneficial ownership determined in accordance with the rules of the SEC, including voting or investment power with respect to the securities,
is described in the footnotes to the table.

                                                                   As at May 9, 2025                             
  Name of Owner                                                    Number                                        
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Directors and Executive Officers                                                                               
  Directors                                                                                                      
  Isaias (Zak) Jose Calisto (1)                                                           19,450,000      62.96  
  Hoe Shin Goy (2)                                                                                               
  Kim White                                                                                                      
  Siew Koon Lim                                                                                                  
  Andrew Leong                                                                                                   
  Executive Officers                                                                                             
  Richard Schubert (3)                                                                                           
  Juan Marais (4)                                                                          3,250,793      10.52  
  Carmen Calisto                                                                                                 
  Pedro Ventura                                                                                                  
  All executive officers and directors as a group (9 persons)                             22,700,793      73.48  
  Other 5% Shareholders                                                                                          
  Gobi Capital LLC (5)                                                                     2,200,668       7.12  
  Total Ordinary Shares                                                                   24,901,461      80.