Cartrack IPO

RECONCILIATION OF PROFIT TO ADJUSTED EBITDA ZAR ('000) Profit for the year Less: Finance Income Add: Finance Costs Add: Taxation Add: Depreciation and Amortization EBITDA Add: Corporate Adjusted EBITDA ( FY19 361,048 (2,749) 31,438 110,182 238,515 738,434 FY20 443,526 (2,592) 16,831 173,157 295,762 10,801 937,485 Q3 FY20 329 419 (1,606) 14,238 126,329 219,990 10,604 698,974 Q3 FY21 394 864 (3,852) 4,833 170,130 289,065 301 855,341 43

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