BRIMSTONE INVESTMENT CORPORATION LIMITED - Changes to the Board

Changes to the Board

Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/010442/06
Share Code: BRT          ISIN: ZAE000015277
Share Code: BRN          ISIN: ZAE000015285
("Brimstone" or the "Company")

CHANGES TO THE BOARD

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, Brimstone
shareholders are advised that Mr Mduduzi Ndlovu, an independent non-executive director and
member of the Audit & Risk Committee and Investment Committee of Brimstone, has resigned with
effect from 2 September 2025 due to other business commitments.

The Company and the board would like to extend its gratitude and sincere appreciation to Mr Ndlovu
for his valued contribution during his tenure with Brimstone and wish him well for the future.

The Audit & Risk Committee and Investment Committee remain duly constituted following Mr
Ndlovu's resignation.

3 September 2025

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 03-09-2025 04:00:00
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