BRIMSTONE INVESTMENT CORPORATION LIMITED - Finalisation Announcement

Finalisation Announcement

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

FINALISATION ANNOUNCEMENT

Shareholders are referred to Brimstone’s reviewed consolidated results for the year ended
31 December 2019 released on SENS on Tuesday, 10 March 2020 which included a capitalisation issue
(“Capitalisation Issue”) of 7 “N” Ordinary shares (“Capitalisation Shares”) for every 100 “N” Ordinary
and/or Ordinary shares held on Friday, 8 May 2020, being the record date to receive the Capitalisation
Shares.

The total number of new “N” Ordinary shares to be issued on Monday, 11 May 2020 is 17 326 702 shares.

In addition, shareholders are advised that Exchange Control approval has been obtained.

The salient dates and times remain as follows:

                                                                                              2020
 Finalisation date of Capitalisation Issue                                        Friday, 24 April
 Last day to trade cum the Capitalisation Issue                                     Tuesday, 5 May
 Capitalisation Shares listed                                                     Wednesday, 6 May
 Ordinary Shares and “N” Ordinary Shares commence trading ex-                     Wednesday, 6 May
 entitlement to the Capitalisation Issue
 Announcement on SENS of Cash Payment applicable to fractional                     Thursday, 7 May
 entitlements before 11:00
 Record date to receive the Capitalisation Shares                                    Friday, 8 May
 Accounts with CSDP or broker credited with the Capitalisation Shares               Monday, 11 May
 or share certificates issued evidencing the Capitalisation Shares

Shares may not be rematerialised or dematerialised from Wednesday, 6 May 2020 to Friday, 8 May 2020,
both days inclusive.

24 April 2020

Investment Bank, Corporate Advisor and Sponsor
Nedbank Corporate and Investment Banking

Date: 24-04-2020 09:30:00
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