BRIMSTONE INVESTMENT CORPORATION LIMITED - Renewal of cautionary announcement

Renewal of 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

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcements published on SENS on 11 December 2017,
25 January 2018 and 8 March 2018 (the “Announcements”) regarding the proposed acquisition by a
consortium of broad-based black economic empowerment investors led by Brimstone’s 54.9% held
subsidiary, Sea Harvest Group Limited (“Sea Harvest”) (the “B-BBEE Consortium”), of the entire fishing
business of Viking Fishing Holdings Proprietary Limited as well as the acquisition by Sea Harvest of 51%
of the issued share capital of Viking Aquaculture Proprietary Limited (the “Proposed Transaction”).

The Company is pleased to advise that Sea Harvest has received approval from the Department of
Agriculture, Forestry and Fisheries in terms of section 21 of the Marine Living Resources Act 18 of 1998
for the transfer of the fishing rights to the respective members of the B-BBEE Consortium.

Further to the Announcements, shareholders are advised that progress in regard to the Proposed
Transaction is continuing and an announcement providing full details of the Proposed Transaction will
be made as soon as practicably possible.

Accordingly, Brimstone shareholders are advised to continue to exercise caution when dealing in the
Company’s securities until such further announcement is made.

Cape Town
24 April 2018

Sponsor
Nedbank Corporate and Investment Banking

Date: 24/04/2018 02:00:00 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.