BRIMSTONE INVESTMENT CORPORATION LD - Results of annual general meeting

Results of annual 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 ANNUAL GENERAL MEETING

Shareholders are advised that the voting results for the annual general meeting of Brimstone which was held
on Monday, 9 May 2016 at Old Mutual Business School, Presentation Room, West Campus Building, Jan Smuts
Drive, Pinelands, Cape Town, are as follows:

Resolution                                      Number of      Percentage         For**     Against**    Abstained***
                                                 ordinary     of ordinary             %             %              %
                                             shares & “N”        shares &
                                                 ordinary    “N” ordinary
                                             shares voted       shares in
                                                                   issue*
                                                                        %
 1.   To receive, consider and adopt the     3 001 870 849          66.4            100             0              0
      consolidated and separate annual
      financial statements, the directors’
      report, audit and risk committee
      report and social and ethics
      committee report for the year
      ended 31 December 2015
 2.   To confirm annual dividend number      3 001 870 849          66.4            100             0              0
      15
 3.   Ordinary resolution number 1: Re-
      election of directors
 3.1  MA Brey                                3 001 870 849          66.4            100             0              0
 3.2  MJT Hewu                               3 001 870 849          66.4           99.8           0.2              0
 3.3  MK Ndebele                             3 001 870 849          66.4            100             0              0
 3.4  FD Roman                               3 001 870 849          66.4            100             0              0
 4.   Ordinary resolution number 2 :
      Election of directors
 4.1  G Fortuin                              3 001 870 849          66.4            100             0              0
 4.2  MI Khan                                3 001 870 849          66.4            100             0              0
 5.   Ordinary resolution number 3:
      Appointment of members of the
      audit and risk committee
 5.1  N Khan (Chairman)                      3 001 870 849          66.4           99.8           0.2              0
 5.2  PL Campher                             3 001 870 849          66.4            100             0              0
 5.3  KR Moloko                              3 001 870 849          66.4            100             0              0
 5.4  LA Parker                              3 001 870 849          66.4           99.8           0.2              0
 5.5  FD Roman (subject to her re-           3 001 870 849          66.4            100             0              0
      election as a director)
 6.   Ordinary resolution number 4: Re-      3 001 870 849          66.4           99.8           0.2              0
      appointment of auditors
 7.   Ordinary resolution number 5: To       3 001 870 849          66.4           87.0          13.0            8.7
      place the unissued shares under the
      directors’ control
 8.   Ordinary resolution number 6:          3 001 870 849          66.4           75.6          24.4            0.1
      Approval to issue shares for cash
 9.   Non-binding advisory vote:             3 001 870 849          66.4           96.3           3.7            0.1
      Remuneration policy
10.   Special resolution number 1: Non-      3 001 870 849          66.4            100             0              0
      executive directors fees
11.   Special resolution number 2:           3 001 870 849          66.4           99.6           0.4              0
      Approval to repurchase ordinary
      and “N” Ordinary shares
12.   Special resolution number 3:           3 001 870 849          66.4            96.7          3.3              0
      General authority for financial
      assistance in terms of Section 44 of
      the Act
13.   Special resolution number 4:           3 001 870 849          66.4            96.5          3.5              0
      General authority for financial
      assistance in terms of Section 45 of
      the Act

*           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
            154 123 “N” ordinary votes (representing 246 154 123 “N” ordinary shares in issue) at the date of the
            annual general meeting.
***         In relation to the total number of ordinary shares and “N” ordinary shares in issue at the date of the
            annual 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 annual general meeting.

Cape Town
10 May 2016

Sponsor
Nedbank Corporate and Investment Banking

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