BRIMSTONE INVESTMENT CORPORATION LIMITED - Disclosure of Beneficial Interest in Securities and Dealings in Securities

Disclosure of Beneficial Interest in Securities and Dealings in Securities

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")

DISCLOSURE OF BENEFICIAL INTEREST IN SECURITIES AND DEALINGS IN SECURITIES

In compliance with section 122(1) and section 122(3)(b) of the Companies Act, 71 of 2008 (the "Companies Act") and
paragraph 6.54 of the JSE Limited Listings Requirements, shareholders are advised that Brimstone's indirectly held, wholly
owned subsidiary, the Group's treasury vehicle, Septen Investments Proprietary Limited ("Septen") has disposed of
an interest in the ordinary shares of Brimstone to the participants of the Brimstone Forfeitable Share Plan ("Brimstone
FSP") in order to satisfy the grant and acceptance of forfeitable shares, such that Septen's entire beneficial interest now
amounts to 3.64% of the total number of ordinary shares in issue.

The board of directors of Brimstone accepts responsibility for the abovementioned information and confirms that, to the
best of their knowledge and belief, such information is true and does not omit anything likely to affect the importance of
such information.

Brimstone, as required by section 122(3)(a) of the Companies Act, has filed the required notices with the Takeover
Regulation Panel.

In terms of paragraphs 6.77 – 6.90 of the JSE Limited Listings Requirements, the following information relating to the
dealing in securities, is disclosed:

1.   Executive director:                              MA Brey
     Date of transaction:                             26 March 2026
     Class of securities:                             Ordinary shares
     Deemed price per security:                       R5.3822
     Number of securities:                            223 503
     Total value:                                     R1 202 937.85
     Nature of transaction:                           Grant and acceptance of forfeitable shares in terms of the
                                                      Brimstone FSP (off-market)
     Vesting period:                                  With effect from 19 February 2029
     Extent of interest:                              Direct beneficial
     Written clearance to deal received:              Yes

2.   Executive Chairman:                              F Robertson
     Date of transaction:                             26 March 2026
     Class of securities:                             Ordinary shares
     Deemed price per security:                       R5.3822
     Number of securities:                            223 503
     Total value:                                     R1 202 937.85
     Nature of transaction:                           Grant and acceptance of forfeitable shares in terms of the
                                                      Brimstone FSP (off-market)
     Vesting period:                                  With effect from 19 February 2029
     Extent of interest:                              Direct beneficial
     Written clearance to deal received:              Yes

3.   Executive director:                              G Fortuin
     Date of transaction:                             26 March 2026
     Class of securities:                             Ordinary shares
     Deemed price per security:                       R5.3822
     Number of securities:                            191 206
     Total value:                                     R1 029 108.93
     Nature of transaction:                           Grant and acceptance of forfeitable shares in terms of the
                                                      Brimstone FSP (off-market)
     Vesting period:                                  With effect from 19 February 2029
     Extent of interest:                              Direct beneficial
     Written clearance to deal received:              Yes

4.   Company secretary:                                T Moodley
     Date of transaction:                              26 March 2026
     Class of securities:                              Ordinary shares
     Deemed price per security:                        R5.3822
     Number of securities:                             107 165
     Total value:                                      R576 783.46
     Nature of transaction:                            Grant and acceptance of forfeitable shares in terms of the
                                                       Brimstone FSP (off-market)
     Vesting period:                                   With effect from 19 February 2029
     Extent of interest:                               Direct beneficial
     Written clearance to deal received:               Yes

Cape Town
31 March 2026

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

Date: 31-03-2026 02:35:00
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