BRIMSTONE INVESTMENT CORPORATION LIMITED - Results of general meeting

Results of 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 GENERAL MEETING

Shareholders are advised that the voting results for the general meeting of Brimstone held on Tuesday, 20
September 2016, at Brimstone’s offices, First Floor, Slade House, Boundary Terraces, 1 Mariendahl Lane,
Newlands, 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*
                                                                           %
 Special Resolution Number 1:                2 819 151 432              62.3       100.0          0.0            0.2
 Re-approval of Resolution relating to the
 repurchase of Shares from the BEE
 Management Trust
 Ordinary Resolution Number 1:               2 819 151 432              62.3       100.0          0.0            0.2
 Re-approval of Resolution relating to
 the issue of Shares and disposal of other
 securities to the BEE Management Trust in
 terms of the Revised Participants Call
 Option
 Special Resolution Number 2:                2 819 151 432              62.3       100.0          0.0            0.0
 Re-approval of Resolution relating to the
 repurchase of Shares from the General
 Staff Trust
 Ordinary Resolution Number 2:               2 819 151 432              62.3       100.0          0.0            0.0
 Re-approval of Resolution relating to the
 issue of Shares and disposal of other
 securities to the General Staff Trust in
 terms of the Revised Participants Call
 Option
 Special Resolution Number 3:                2 819 151 432              62.3       100.0          0.0            0.2
 Specific repurchase of Unencumbered
 Brimstone Shares from the BEE
 Management Trust in terms of the
 Unencumbered Brimstone Share Call
 Option
 Special Resolution Number 4:                2 819 151 432              62.3       100.0          0.0            0.0
 Specific repurchase of Unencumbered
 Brimstone Shares from the General Staff
 Trust in terms of the Unencumbered
 Brimstone Share Call Option
 Ordinary Resolution Number 3:               2 819 151 432              62.3       100.0          0.0            0.2
    
 Resolution                                       Number of      Percentage of      For**    Against**    Abstained***
                                                    ordinary          ordinary          %            %              %
                                                shares & “N”      shares & “N”
                                                    ordinary          ordinary
                                                shares voted          shares in
                                                                        issue*
                                                                              %
 Specific issue of up to 6 000 000
 Brimstone N Shares for cash to the
 Participating Employees under the BEE
 Management Trust
 Ordinary Resolution Number 4:                 2 819 151 432               62.3     100.0           0.0            0.0
 Specific issue of up to 250 000 Brimstone
 N Shares for cash to the Participating
 Employees under the General Staff Trust
 Ordinary Resolution Number 5:                 2 819 151 432               62.3     100.0           0.0            0.2
 Signature of documents

*          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 4 275 760 400 ordinary votes (representing 42 757 604 ordinary shares in issue) and
           246 330 843 “N” ordinary votes (representing 246 330 843 “N” ordinary shares in issue) at the date
           of the general meeting.
***        In relation to the total number of ordinary shares and “N” ordinary shares in issue at the date of the
           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 general meeting.

Cape Town
22 September 2016

Sponsor
Nedbank Corporate and Investment Banking

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