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 Date: 15/12/2017 04:10:00 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.