Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 169

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 16C
Chunk 169
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Item 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The following table sets forth the aggregate audit and audit-related
fees, tax fees and all other fees billed or accrued for professional services rendered by our principal accountants Deloitte & Touche
(located in South Africa) for the financial year ended February 28, 2025 and Ernst & Young LLP, Singapore for the financial year ended
February 29, 2024:

                      Year ended February 28/29                                                         
                      2025                                    2025                                      
 ────────────────────────────────────────────────────────────────────────────────────────────────────────
                      (U. S.$ thousands (1))                  (in R thousands)                          
  Audit fees                                         837                            15,568      18,690  
  Tax fees                                           —                              —           —       
  All other fees                                     —                              —           —       
                                                     837                            15,568      18,690  

  (1)      For convenience purposes only, amounts in South African rand                                                                              

Audit fees consist of fees billed
or accrued for the annual audit of our consolidated financial statements and the audit of statutory financial statements of our subsidiaries,
including fees billed for assurance and related services that are reasonably related to the performance of the audit or reviews of our
financial statements that are services that only an external auditor can reasonably provide.

Item 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT
COMMITTEES

Not applicable.

Item 16E. PURCHASE OF EQUITY SECURITIES BY THE ISSUER
AND AFFILIATED PURCHASERS

At the Annual General Meeting
(AGM) held on August 29, 2024 the shareholders of Karooooo passed a resolution by a 97.08% majority vote authorizing the repurchase of
up to 10% of the Company’s shares. The Board is duly authorized to implement this share buyback program in accordance with the requirements
outlined in the resolution.

Purchases of ordinary shares
by the Company may be made by way of market purchases on the Nasdaq and/or the JSE. At our next AGM, we expect to seek approval of the
renewal of our share repurchase program on the same terms as currently in effect.

Following the authorization by
shareholders granted at the prior AGM, held on July 12, 2023, Karooooo purchased 57,806 of