BRIMSTONE INVESTMENT CORPORATION LD - Voluntary notification of funding opportunities for new franchises

Voluntary notification of funding opportunities for new franchises

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")

VOLUNTARY NOTIFICATION   OF   FUNDING   OPPORTUNITIES   FOR   NEW
FRANCHISES

Brimstone, Taste Holdings Limited (“Taste”) and Nedbank
Limited (“Nedbank”) today announced a landmark agreement that
will facilitate funding for 50 new franchisees to open The
Fish & Chips Co. outlets. The Fish & Chips Co. is a franchise
brand owned by Taste that last year alone created over 1000
new jobs through the opening of over 100 new outlets.
Brimstone is a Black-controlled and managed investment company
with key interests in the food, financial services and
healthcare sectors.

Brimstone is a shareholder in both Taste (12.53%) and Nedbank
(0.75%).

The initiative aims to provide competitive funding for
potential franchisees who, under normal circumstances, would
not have access to a bank loan or the required security to
acquire such a franchise.

This funding will facilitate the introduction of new entrants
into a successful business model, reduce the risk of failure
for   new    entrepreneurs,    create  new   sustainable   job
opportunities and, through extensive training, transfer skills
over the long-term.        Franchisees meeting the qualifying
criteria require a substantially reduced equity investment (of
approximately 20% of the total set-up cost), with the balance
of the total set-up costs (including working capital) being
funded by Nedbank at similar interest rates as if the
franchisee did have security.

This unique funding arrangement has been made possible through
a combination of Brimstone providing a guarantee for certain
of the obligations of the franchisee; Taste providing its
franchise systems and continuous oversight; and Nedbank
providing funding and financial training for the franchisee.


Johannesburg
31 July 2013

Sponsor
Nedbank Capital

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