Posting of Circular 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”) POSTING OF CIRCULAR Shareholders are referred to the announcement released by the Company on SENS on 4 February 2019 (“Terms Announcement”) regarding Brimstone’s proposed acquisition of a 15% indirect interest in Clover Industries Limited (“Proposed Transaction”), which constitutes a category 1 transaction in terms of the JSE Listings Requirements. Shareholders are also referred to the cautionary announcement released by the Company on SENS on 7 February 2019 and the update thereto on 22 March 2019, regarding Brimstone’s decision to review its role in the Proposed Transaction. According to paragraph 9.20(b) of the JSE Listings Requirements, a category 1 transaction circular is required to be dispatched to shareholders within 60 days of the Terms Announcement, being Friday, 5 April 2019. Shareholders are hereby advised that the Company has applied for, and the JSE has granted, an extension to dispatch the circular on or before 30 April 2019. Cape Town 04 April 2019 Investment bank, corporate advisor and sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 04/04/2019 04:00:00 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.