BRIMSTONE INVESTMENT CORPORATION LIMITED - Results of annual general meeting

Results of annual general meeting

Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/010442/06)
(ISIN Number : ZAE000015277 Share Code : BRT)
(ISIN Number : ZAE000015285 Share Code : BRN)
("Brimstone”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the voting results for the annual general meeting of Brimstone which was held on
Wednesday, 9 May 2018 at Old Mutual Business School, Presentation Room, West Campus Building, Jan Smuts Drive,
Pinelands, Cape Town, are as follows:

 Resolution                                   Number of   Percentage of    For**    Against**   Abstained***
                                               ordinary        ordinary        %            %              %
                                           shares & “N”    shares & “N”
                                               ordinary        ordinary
                                           shares voted       shares in
                                                                 issue*
                                                                      %
 1.  To receive, consider and adopt        2 313 092 282          52.3       100           0               0
     the consolidated and separate
     annual financial statements, the
     directors’ report, Audit and Risk
     Committee Report and social
     and ethics committee report for
     the year ended 31 December
     2017
 2.  To confirm annual dividend            2 313 092 282          52.3       100           0               0
     number 17
 3.  Ordinary resolution number 1:
     Re-election of directors
 3.1 MA Brey                               2 313 092 282          52.3      99.8         0.2               0
 3.2 PL Campher                            2 313 092 282          52.3       100           0               0
 3.3 MJT Hewu                              2 313 092 282          52.3      97.5         2.5               0
 3.4 MK Ndebele                            2 313 092 282          52.3       100           0               0
 4.  Ordinary resolution number 2:
     Appointment of members of the
     audit and risk committee
 4.1 N Khan (Chairman)                     2 313 092 282          52.3      97.5         2.5               0
 4.2 PL Campher (subject to his re-        2 313 092 282          52.3      97.8         2.2               0
      election as a director)
 4.3 KR Moloko                             2 313 092 282          52.3      99.8         0.2               0
 4.4 LA Parker                             2 313 092 282          52.3      97.3         2.7               0
 4.5 FD Roman                              2 313 092 282          52.3      97.8         2.2               0
 5.  Ordinary resolution number 3:         2 313 092 282          52.3      85.6        14.4               0
     Re-appointment of auditors
 6.  Ordinary resolution number 4:         2 313 092 282          52.3      86.3        13.7               0
     To place the unissued shares
     under the directors’ control
 7.  Ordinary resolution number 5:         2 313 092 282          52.3      88.5        11.5               0
     Approval to issue shares for cash
 8.  Ordinary resolution number 6:         2 313 092 282          52.3       100           0               0
     Specific authority to directors to
     offer different dividend
     alternatives
 9.  Non-binding advisory resolution       2 313 092 282          52.3      99.6         0.4               0
     1: Remuneration policy
 10. Non-binding advisory resolution       2 313 092 282          52.3      97.5         2.5               0
     2: Implementation report
 11. Special resolution number 1:          2 313 092 282          52.3       100           0               0
     Non-executive directors fees
 12. Special resolution number 2:          2 313 092 282          52.3      96.0         4.0               0
     General authority to repurchase
     Ordinary and “N” Ordinary
     shares
 13. Special resolution number 3 :         2 313 092 282          52.3      97.8         2.2               0
     Specific authority to repurchase
     Ordinary and “N” Ordinary
     shares
 14. Special resolution number 4:          2 313 092 282          52.3      95.9         4.1               0
     General authority for financial
     assistance in terms of Section 44
     of the Act
 15. Special resolution number 5:          2 313 092 282          52.3      97.9         2.1               0
     General authority for financial
     assistance in terms of Section 45
     of the Act
 16. Special resolution number 6:          2 313 092 282          52.3       100           0               0
     Authority to issue shares to
     persons falling within the ambit
     of Section 41(1) of the Act for
     the purpose of distribution
     reinvestment alternatives

*    Based on Brimstone ordinary shares carrying 100 votes per ordinary share and Brimstone “N” ordinary shares
     carrying 1 vote per “N” ordinary share.
**   Based on 4 190 517 600 ordinary votes (representing 41 905 176 ordinary shares in issue) and 229 985 392
     “N” ordinary votes (representing 229 985 392 “N” ordinary shares in issue) at the date of the annual general
     meeting.
***  In relation to the total number of ordinary shares and “N” ordinary shares in issue at the date of the annual
     general meeting.

Based on the above voting results, all resolutions were passed by the requisite majority of Brimstone shareholders
present in person or represented by proxy at the annual general meeting.

Cape Town
10 May 2018

Sponsor
Nedbank Corporate and Investment Banking

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