Cartrack IPO

( 禀 98% Subscription revenue(1) High Revenue Visibility 1.3M+ As of February 2021 (3) Total Subscribers KEY METRICS $ -$163M USD ARR(2,3) Strong Subscriptions jivi AM -60 Months Subscriber Life Expectancy A 51% High EBITDA margins(1) High Profitability 95% Customer retention rate(4) Loyal Customers For the 9 months ended November 30, 2020 (2)Exchange rate of 14.6250 ZAR USD as of February 28, 2021 (3) As of February 28 2021 per "Recent Developments in the F-1 (4) Customer retention rate for small, medium & large enterprises calculated over a 3-year average as of November 30, 2020 by comparing the number of customers at the end of a year that had been with us at start of that year 30

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