BRT/BRN - Brimstone - Voluntary announcement regarding Brimstone`s Investment in

BRT/BRN - Brimstone - Voluntary announcement regarding Brimstone`s Investment in
the Scientific Group (Proprietary) Limited                                      
BRIMSTONE INVESTMENT CORPORATION LIMITED                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1995/010442/06)                                            
Share Code: BRT                                                                 
ISIN Number: ZAE000015277                                                       
Share Code: BRN                                                                 
ISIN Number: ZAE000015285                                                       
("Brimstone" or "the Company")                                                  
VOLUNTARY ANNOUNCEMENT REGARDING BRIMSTONE`S INVESTMENT IN THE SCIENTIFIC GROUP 
(PROPRIETARY) LIMITED                                                           
Holders of ordinary and "N" ordinary Brimstone shares are referred to the       
announcement released by the Company on SENS on 23 November 2010 regarding      
the acquisition by Brimstone, as part of a consortium which includes funds      
under the management of Capitalworks Equity Partners, of The Scientific Group   
(Proprietary) Limited ("The Scientific Group") from the current majority        
shareholder ("the transaction") and are advised that all conditions precedent   
to the transaction have been met, or where appropriate, waived. The effective   
date of the transaction will be 1 February 2011.                                
In terms of the transaction, Brimstone, which currently holds 26% in The        
Scientific Group, will increase its effective economic interest therein to      
28.2%.                                                                          
Represented countrywide and into Sub-Saharan Africa, The Scientific Group is    
a supplier of high quality science and medical equipment. The Clinical Division 
services the public and private pathology laboratories, the Biosciences Division
caters for specialised molecular biology and biotechnology equipment consumables
and reagents whilst the Medical Division provides first world hospital equipment
and medical devices to both the public and private sector hospitals. These      
divisions are complemented by one of the largest Service Divisions in the       
country. Further information on The Scientific Group can be found at            
www.scientificgroup.com.                                                        
It should be noted that the value of the transaction for Brimstone is less than 
5% of Brimstone`s market capitalisation and accordingly this announcement is    
made by the Company voluntarily.                                                
Cape Town                                                                       
28 January 2011                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 28/01/2011 07:06:02 Supplied by www.sharenet.co.za                     
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