Karooooo Limited (owner of Cartrack Holdings) Announces Appointment of New Independent Director

Karooooo Ltd. (“Karooooo” or the “Company”) (NASDAQ: KARO), a leading global provider of a mobility SaaS platform that maximizes the value of automotive and workflow data by providing real-time data analytics solutions for smart transportation, today announced that Kim White has been appointed as an independent non-executive director to the board of directors of Karooooo (“Board”) and member of the Audit and Risk Committee with immediate effect.

Kim served on the board of Cartrack Holdings Limited (“Cartrack”) as an independent non-executive director and chairperson of the Audit and Risk committee for the full 7 years of its listing on the Johannesburg Stock Exchange (“JSE”) in South Africa.

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Kim is a qualified Chartered Accountant and Registered Auditor with over 20 years of experience in the accounting and auditing sector servicing a wide variety of industries.

Kim is a registered member of SAICA, a member of the South African Institute of Tax Professionals and is registered with the Regulatory Board of Auditors (“IRBA”).

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“I am delighted to have Kim join the Board as an independent director,” said Zak Calisto, founder and CEO of Karooooo and Cartrack. “Kim is an accomplished professional with a diverse experience base including corporate and regulatory authority, governance and leadership. Given her breadth of experience coupled with extensive knowledge of our Company, its operations and the industry in which we operate, we are confident she will provide valuable perspectives to the Board and Company. I look forward to her participation and contribution going forward.”

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