BRN,BRT : Update on the Acquisition by Sea Harvest:

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 Ordinary and "N" Ordinary shareholders ("Brimstone Shareholders") are referred to the

Brimstone and Sea Harvest Group Limited ("Sea Harvest") announcements released on SENS on

22 January 2024, in relation to the acquisition by Sea Harvest of certain subsidiaries of Terrasan Group

Limited (the "Sea Harvest Acquisition"). Brimstone Shareholders are further advised that Sea Harvest

released an announcement on 14 May 2024 stating that all the conditions precedent have been met

and that the Sea Harvest Acquisition has been successfully concluded. With effect from the effective

date of the Sea Harvest Acquisition, Sea Harvest will no longer be a subsidiary of Brimstone and will

be classified as an associate.

Cape Town

15 May 2024

Investment Bank, Corporate Advisor and Sponsor

Nedbank Corporate and Investment Banking, a division of Nedbank Limited


Date: 15-05-2024 04:55:00

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.