Interim Dividend – Finalization Notice

Interim Dividend – Finalization Notice

Karooooo Ltd.
(a public company incorporated and registered in the Republic of Singapore)
(Unique Entity Number: 201817157Z)
JSE share code: KRO NASDAQ share code: KARO
ISIN: SGXZ19450089
(“Karooooo”)


Interim Dividend – Finalization Notice

Further to the Company’s announcement on 28 April 2022, shareholders are reminded that the relevant dates
relating to the payment of the interim cash dividend are as follows:

                                                          NASDAQ                     JSE

Last date to trade cum dividend            Wednesday, August 31, 2022   Tuesday, August 30, 2022
Shares commence trading Ex-dividend        Thursday, September 01, 2022 Wednesday, August 31, 2022
Record date                                Friday, September 02, 2022   Friday, September 02, 2022
Dividend payment date                      Monday, September 12, 2022   Monday, September 12, 2022

Shareholders registered on the South African section of the share register will not be allowed to dematerialize
or rematerialize their shareholdings between Wednesday, 31 August 2022 and Friday, 02 September 2022,
both dates inclusive, and transfers between the NASDAQ and South African register will not be permitted
between Friday, 19 August 2022 and Friday 02, September 2022, both days inclusive.


Additional information for South African resident shareholders of Karooooo Ltd.:

-     Shareholders registered on the South African section of the register are advised that the distribution of
      USD 0.60 per ordinary share will be converted to Rands using the USD/ZAR spot rate from Oanda
      Currency Converter (www.oanda.com), as determined on Friday, 19 August 2022 at 14h56 Singaporean
      time, of 16.75500. This will equate to a gross dividend of ZAR 10.05300 per share.

-     Karooooo Ltd. tax reference number is 201817157Z.

-     The issued ordinary share capital of Karooooo Ltd. is 30,951,106 ordinary shares.

-     The dividend will be distributed by the Company from distributable profit reserves and is regarded as a
      “foreign dividend” (as defined in the South African Income Tax Act No. 58 of 1962) for South African
      resident shareholders holding shares on the South African register.

-     Singapore does not impose withholding tax on dividends.

-     Dividends declared and paid by the Company to South African resident shareholders holding shares on
      the South African register are subject to South African dividend tax (“SA DWT”) of 20% (subject to any
      applicable exemptions that may apply). The net dividend to South African resident shareholders who
      are not exempt from SA Tax, equates to ZAR 8.04240 per share.

-     Dividends will be paid net of SA DWT, to be withheld and paid to the South African Revenue Service.
      Such tax must be withheld unless beneficial owners of the dividend have provided the necessary
      documented proof to the regulated intermediary (being a broker, CSD participant, nominee company or
      the Company’s transfer secretaries Computershare Investor Services (Pty) Ltd., Private Bag x9000,
      Saxonwold, 2132, South Africa) that they are exempt therefrom, or entitled to a reduced rate, as a result
      of any relevant double taxation agreement between South Africa and the country of tax domicile of such
      owner.

      Shareholders are encouraged to consult their professional tax advisers should they be in any doubt as
      to the appropriate action to take.



Investor Relations Contact       IR@karooooo.com
Media Contact                    media@karooooo.com




Johannesburg
Friday, 19 August 2022


Sponsor
Merrill Lynch South Africa Proprietary Limited
t/a BofA Securities

Date: 19-08-2022 02:36:00
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