Cautionary announcement Brimstone Investment Corporation Limited (Incorporated in the Republic of South Africa) Registration number 1995/010442/06 (“Brimstone” or “the Company”) ISIN Number: ZAE000015277 Share Code: BRT ISIN Number: ZAE000015285 Share Code: BRN CAUTIONARY ANNOUNCEMENT Shareholders are advised that Brimstone’s 54.9% held subsidiary, Sea Harvest Group Limited (“Sea Harvest”), has entered into negotiations relating to: - the acquisition by a consortium of broad-based black economic empowerment investors led by Sea Harvest of the entire fishing business of Viking Fishing Holdings Proprietary Limited ("Viking Fishing"), by way of the purchase of various assets and businesses from, and shareholdings in, Viking Fishing and certain subsidiaries, affiliates and joint venture partners of Viking Fishing; and - the acquisition by Sea Harvest of 51% of the issued share capital of Viking Aquaculture Proprietary Limited; collectively “the Proposed Transaction” which, if successfully concluded, may have a material effect on the price of Brimstone ordinary and “N” ordinary shares. The Proposed Transaction is subject to the fulfilment of a number of conditions precedent which have been detailed in a cautionary announcement released by Sea Harvest on SENS today. Accordingly, Brimstone shareholders are advised to exercise caution when dealing in the Company’s securities until a further announcement is made in this regard. Cape Town 11 December 2017 Sponsor Nedbank Corporate and Investment Banking Date: 11/12/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.