ISIN Number: ZAE000015277 | Share Code: BRT | ISIN Number: ZAE000015285 | Share Code: BRN | Company Registration Number: 1995/010442/06 (Incorporated in the Republic of South Africa) (“Brimstone” or the “Company” or the “Group”) CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022 FINANCIAL OVERVIEW INTRINSIC NET ASSET VALUE (INAV) INAV at 31 December 2022 calculated on a line-by-line basis, totalled R3.29 billion, or REVIEWED AUDITED YEAR ENDED YEAR ENDED R13.25 per share (31 December 2021: R3.26 billion or R13.14 per share), representing a 31 DECEMBER 31 DECEMBER marginal increase of 1% from 2021 (an increase of 0.8% on a per share basis). As at R’000 2022 2021 31 December 2022, Brimstone Ordinary shares were trading at a discount of 60.3% to INAV (31 December 2021: 52.1%) and “N” Ordinary shares traded at a discount of 57.5% to INAV (31 December 2021: 50.6%). The analysis of INAV is available on the Company’s website at Revenue 6 212 852 5 054 739 www.brimstone.co.za. – Continuing operations 6 212 852 5 054 726 – Discontinued operation — 13 The INAV information presented in this report has been prepared on a basis consistent with that used in the Integrated Report for the year ended 31 December 2021. Operating profit 509 565 711 951 509 565 – Continuing operations – Discontinued operation — 695 091 16 860 DECLARATION OF CASH DIVIDEND Brimstone’s board has declared a final gross dividend of 33 cents per share for the year Earnings per share (cents) 76.6 292.3 ended 31 December 2022 (2021: 30 cents) payable on Monday, 24 April 2023. The final – Continuing operations 76.6 229.3 dividend has been declared out of income reserves. In compliance with the requirements of – Discontinued operation — 63.0 Strate, the Company has determined the following salient dates for the payment of the final dividend: Headline earnings per share (cents) 69.0 298.9 Dividend declaration date Tuesday, 7 March 2023 – Continuing operations 69.0 236.0 Last day to trade cum dividend Tuesday, 18 April 2023 – Discontinued operation — 62.9 Shares commence trading ex dividend Wednesday, 19 April 2023 Record date Friday, 21 April 2023 Total assets 11 656 772 10 498 264 Payment date Monday, 24 April 2023 ABOUT THIS ANNOUNCEMENT Shares may not be rematerialised or dematerialised from Wednesday, 19 April 2023 to This short-form announcement is the responsibility of the directors of Brimstone Investment Corporation Friday, 21 April 2023, both days inclusive. Limited. It is only a summary of the information in the reviewed provisional condensed financial results and does not contain full or complete details. Any investment decisions by investors and/or shareholders The final dividend is subject to a local Dividends Tax at 20%. The final net local dividend should be based on consideration of the reviewed provisional condensed financial results for the year amount is 26.4 cents per share for shareholders liable to pay Dividends Tax and 33 cents ended 31 December 2022 published on the JSE at: per share for shareholders exempt from paying Dividends Tax. The number of Brimstone https://senspdf.jse.co.za/documents/2023/jse/isse/BRT/ye2022.pdf. Ordinary and “N” Ordinary shares eligible for the final dividend at the date of this It is also available for viewing at www.brimstone.co.za/investor-relations/results-reports/. declaration is 39 874 146 and 224 975 962 respectively and the Company’s tax reference Copies of the consolidated financial results may be requested from the company secretary number is 9397002719. (tmoodley@brimstone.co.za or tel +27 (0) 21 683 1444). F Robertson MA Brey This announcement has not been audited or reviewed by the Group’s external auditors. The Group’s EXECUTIVE CHAIRMAN CHIEF EXECUTIVE OFFICER auditors, Ernst & Young Inc., have reviewed the full announcement and issued an unmodified conclusion, which is available at www.brimstone.co.za. 7 March 2023 DIRECTORATE AND ADMINISTRATION REGISTERED OFFICE: Boundary Terraces, 1 Mariendahl Lane, Newlands, 7700, Cape Town | TRANSFER SECRETARIES: Computershare Investor Services (Pty) Ltd, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196 SPONSOR: Nedbank Corporate and Investment Banking, a division of Nedbank Limited, 135 Rivonia Road, Sandton, 2196 | DIRECTORATE: F Robertson (Executive Chairman)*, MA Brey (Chief Executive Officer)*, GG Fortuin (Financial)*, MI Khan (Chief Operating Officer)*, T Moodley*, PL Campher (Lead Independent), M Hewu, N Khan, KR Moloko, M Ndlovu, LA Parker, FD Roman, L Wort *Executive | COMPANY SECRETARY: T Moodley WEBSITE: www.brimstone.co.za | E-MAIL: info@brimstone.co.za UNDERLYING INVESTMENTS freshidentity // 6425E