Trading statement Brimstone Investment Corporation Limited (Registration number 1995/010442/06) (Incorporated in the Republic of South Africa) ISIN Number: ZAE000015277 Share Code: BRT ISIN Number: ZAE000015285 Share Code: BRN (“Brimstone” or the “Company”) Trading statement In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different than that of the prior comparative period. For the year ended 31 December 2019, Brimstone expects to report a basic headline loss per share of between 55.3 cents to 60.8 cents, compared to a basic headline loss per share of 21.1 cents reported for the year ended 31 December 2018. This represents a decrease of between 162% and 188%. It is further expected that basic loss per share will not differ by more than 20% compared to the prior comparative period of 31 December 2018 and has therefore not been reported on in this trading statement. Shareholders are advised that the financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors. Brimstone’s results for the year ended 31 December 2019 will be released on SENS on or about 10 March 2020. 9 March 2020 Cape Town Sponsor Nedbank Corporate and Investment Banking Date: 09-03-2020 05:22:00 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.