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Change in Certifying Accountant
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")
Change In Certifying Accountant
The Audit and Risk Committee of the board of directors of Karooooo Ltd (the "Company") conducted a
review process to consider the selection of our independent registered public accounting firm for the audit
of the financial statements of the Company for the financial year ending February 28, 2025, to be filed
with the U.S. Securities and Exchange Commission.
On August 5, 2024, following this process, the Audit and Risk Committee recommended to our board of
directors ("Board") the appointment of Deloitte & Touche, located in South Africa, as our independent
registered public accounting firm for the audit of our financial statements for the year ending February 28,
2025, and the dismissal of Ernst & Young LLP, subject to shareholder approval at the Annual General
Meeting of Karooooo Ltd to be held on August 29, 2024.
Ernst & Young LLP issued an audit report on our financial statements for the financial years ended
February 29, 2024 and February 28, 2023. These reports did not contain an adverse opinion or a
disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting
principles.
During our two most recent financial years and subsequent interim periods through August 12, 2024, we
had no disagreements with Ernst & Young LLP on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to its
satisfaction, would have caused Ernst & Young LLP to make reference in connection with its report.
During our two most recent financial years there were no reportable events as such term is defined in
Item 16F(a)(1)(iv) of Form 20-F.
During our two most recent financial years and subsequent interim periods through August 12, 2024,
neither we, nor anyone acting on our behalf, consulted with Deloitte & Touche on matters that involved (i)
the application of accounting principles to a specified transaction, either completed or proposed, the type
of audit opinion that might be rendered on our financial statements, and neither a written report nor oral
advice was provided to us that Deloitte & Touche concluded was an important factor considered by the
Company in reaching a decision as to any accounting, auditing, or financial reporting issue, or (ii) any
other matter that was either the subject of a disagreement as that term is used in Form 20-F or a
reportable event.
We have provided Ernst & Young LLP with a copy of the foregoing disclosure and requested that Ernst &
Young LLP furnish to us a letter addressed to the U.S. Securities and Exchange Commission stating
whether Ernst & Young LLP agrees with such disclosure, as specified by Item 16F(a)(3) of Form 20-F.
We have included as Exhibit 16.1 to the Form 6-K a copy of such letter from Ernst & Young LLP. The
relevant Form 6-K is available on our website.
For more information, visit www.karooooo.com.
Investor Relations Contact IR@karooooo.com
Media Contact media@karooooo.com
Johannesburg
Monday, 12 August 2024
Sponsor
Merrill Lynch South Africa Proprietary Limited
t/a BofA Securities
Date: 12-08-2024 05:00:00
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