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Publication of Unaudited First Quarter 2022 Results and Change to the Board
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”)
Publication of Unaudited First Quarter 2022 Results and Change to the Board
Karooooo, that owns 100% of Cartrack Holdings Limited (“Cartrack”), reported financial results for the first
quarter of its 2022 financial year, ended May 31, 2021 and announced the appointment of a new
independent director. The press release is included as an exhibit to its 6-K (the “Report on Form 6-K”)
dated 19 July 2021 to be furnished to the United States Securities and Exchange Commission (“SEC”).
Investors are referred to the full press release as published and available on the Karooooo website at
www.karooooo.com.
Change to the Board of directors of Karooooo (“Board”)
Ms Siew Koon Ong (Ms Siew Koon Lim) has been appointed as an independent non-executive director to
the Board and member of the Audit and Risk Committee with immediate effect.
Siew Koon Ong (Siew Koon Lim) holds a Bachelor of Accountancy degree from the National University of
Singapore and is a Chartered Accountant and fellow member of the Institute of Singapore Chartered
Accountants.
Siew Koon has 37 years of experience in providing audit and business advisory services to local companies
as well as major public listed companies in a wide range of industries, including banks. She has led initial
public offerings of companies in the retail and lifestyle, manufacturing, construction and property
development industries.
She joined Ernst & Young LLP (then known as Ernst & Whinney) in April 1982 and was a partner of the firm
from July 1998 to June 2019, acting as Chief Financial Officer (CFO) for a period of 3 years with the
responsibility for the firm’s financial and management accounts. Currently, she is an independent director of
Nanofilm Technologies International Limited, which is listed on the Mainboard of the SGX, serving as the
Lead Independent Director and Chairperson of the Audit Committee and member of the Risk Committee and
Nominating Committee.
In addition to Siew Koon’s global financial expertise and deep understanding of regulatory and technical
compliance in a listed environment, her extensive local knowledge and experience would be of much value
to the Board.
Commenting on this appointment Zak Calisto, CEO and Founder of Karooooo said, “Siew Koon is the
consummate professional with many years of exposure to international businesses and financial reporting.
Apart from her obvious technical and leadership skills, her experience in the ever-evolving environmental,
social and governance milieu would add immense support to Karooooo.”
About Karooooo Ltd.
Karooooo, headquartered in Singapore, is 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 to over 1.375 million connected vehicles. The Cartrack (wholly owned by Karooooo)
SaaS platform, provides customers with differentiated insights and data analytics to optimize their business
and workforce, increase efficiency, decrease costs, improve safety, monitor environmental impact, assist
with regulatory compliance and manage risk. As of May 2021, there were over 75,000 commercial
customers using the Cartrack platform. For more information, visit www.karooooo.com
Johannesburg
Tuesday, 20 July 2021
Sponsor
Merrill Lynch South Africa Proprietary Limited
t/a BofA Securities
Date: 20-07-2021 07:05:00
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