Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 175

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 16G
Chunk 175
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Item 16G. CORPORATE GOVERNANCE

We are a “foreign private
issuer” under the securities laws of the United States and the rules of Nasdaq. Under Nasdaq’s rules, a foreign private issuer
is subject to less stringent corporate governance requirements. Subject to certain exceptions, the rules of Nasdaq permit a foreign private
issuer to follow its home country practice in lieu of the listing requirements of Nasdaq. We intend to follow home country practices in
lieu of the listing requirements of Nasdaq with regard to the following:

  the requirement under Section 5605(e)(2) of Nasdaq listing                                                                                

  the requirement under Section 5605(d) of Nasdaq listing rules                                                                           

  the requirement under Section 5605(b)(2) of Nasdaq listing                                                           

  the requirement under Section 5605(c) of Nasdaq listing rules                                                              

  the requirement under Section 5610 of Nasdaq listing rules                                                                              

Otherwise, we intend to follow the requirements of Nasdaq
to the extent possible under Singapore law.

In addition, because we are a
foreign private issuer, our directors and executive officers are not subject to short-swing profit liability and insider trading reporting
obligations under Section 16 of the Exchange Act. They will, however, be subject to the obligations to report changes in share ownership
under Section 13 of the Exchange Act and related SEC rules to the extent appropriate.

The SEC maintains an internet
site that contains reports, proxy and information statements, other information regarding issuers that file electronically with the SEC
and the address of that site is http://www. sec. gov

Item 16H. MINE SAFETY DISCLOSURE