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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 19 July 2024, 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 Tuesday, August 6, 2024 Monday, August 5, 2024
Shares commence trading Ex-dividend Thursday, August 8, 2024 Tuesday, August 6, 2024
Record date Thursday, August 8, 2024 Thursday, August 8, 2024
Dividend payment date Wednesday, August 14, 2024 Monday, August 12, 2024
Shareholders registered on the South African section of the share register will not be allowed to dematerialize
or rematerialize their shareholdings between Tuesday, August 6, 2024 and Thursday, August 8, 2024, both
dates inclusive, and transfers between the NASDAQ and South African register will not be permitted between
Monday, July 29, 2024 and Thursday August 8, 2024, 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 1.08 per ordinary share will be converted to Rands using the USD/ZAR spot rate from Oanda
Currency Converter (www.oanda.com), as determined on Monday, 29 July 2024 at 17h30 Singapore
time, of 1837.49000 per 1 USD. This will equate to a gross dividend of ZAR cents 1984.48920 per share.
- Karooooo Ltd. tax reference number is 201817157Z.
- The issued ordinary share capital of Karooooo Ltd. is 30,893,300 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 cents 1587.59136 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
Monday, 29 July 2024
Sponsor
Merrill Lynch South Africa Proprietary Limited
t/a BofA Securities
Date: 29-07-2024 05:30:00
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