BRIMSTONE INVESTMENT CORPORATION LIMITED - Required disclosure concerning certain share transactions

Required disclosure concerning certain share transactions

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” or “the Company”)

REQUIRED DISCLOSURE CONCERNING CERTAIN SHARE TRANSACTIONS

The transactions set out below have had no impact on the ultimate beneficial shareholdings in
Brimstone ordinary shares (“ordinary shares”) and Brimstone “N” ordinary shares (“N” ordinary
shares”).

In accordance with section 122(3)(b) of the Companies Act No. 71 of 2008, as amended, and
paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that, through a
series of inter-conditional transactions implemented during the period 8 to 13 December 2017:

1.   African Monarch 710 Investment Holdings Proprietary Limited (“African Monarch”) (Messrs F.
     Robertson and M.A. Brey, executive directors of Brimstone, each have an indirect beneficial
     holding of 25% in the share capital of African Monarch), having acquired an additional 3 232 780
     ordinary shares and 3 467 356 “N” ordinary shares (immediately preceding the disposal), has
     disposed of its entire shareholding in the Company, comprising 7 444 084 ordinary shares and
     7 607 733 “N” ordinary shares, to the parties set out in paragraph 3 below;

2.   Cape Monarch Investments (RF) Proprietary Limited (“Cape Monarch”) (a 100% held subsidiary
     of African Monarch) has disposed of its entire shareholding in the Company, comprising
     3 538 104 ordinary shares and 48 549 671 “N” ordinary shares, to the parties set out in
     paragraph 3 below; and

3.   The following parties have acquired shareholdings in ordinary shares and “N” ordinary shares
     from both African Monarch and Cape Monarch:

     a. Friedshelf 1801 Proprietary Limited has acquired 2 745 547 ordinary shares and
        14 039 351 “N” ordinary shares;
     b. Friedshelf 1799 Proprietary Limited has acquired 2 745 547 ordinary shares and
        14 039 351 “N” ordinary shares;
     c. Friedshelf 1798 Proprietary Limited has acquired 2 745 547 ordinary shares and
        14 039 351 “N” ordinary shares (Mr M.A. Brey has an indirect beneficial interest in Friedshelf
        1798 Proprietary Limited); and
     d. Friedshelf 1800 Proprietary Limited has acquired 2 745 547 ordinary shares and
        14 039 351 “N” ordinary shares (Mr F. Robertson has an indirect beneficial interest in
        Friedshelf 1800 Proprietary Limited).

Cape Town
15 December 2017

Sponsor
Nedbank Corporate and Investment Banking

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