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BRIMSTONE INVESTMENT CORPORATION LIMITED - Update on the acquisition by Sea Harvest of the Western Australia based fishing businesses of MG Kailis

2022/05/24 09:33:00

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                    Update on the acquisition by Sea Harvest of the Western Australia based fishing businesses of MG Kailis

Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/010442/06
Share Code: BRT ISIN: ZAE000015277
Share Code: BRN ISIN: ZAE000015285
(“Brimstone” or the “Company”)

UPDATE ON THE ACQUISITION BY SEA HARVEST GROUP LIMITED OF THE WESTERN
AUSTRALIA BASED FISHING BUSINESSES OF MG KAILIS PROPRIETARY LIMITED

Shareholders are referred to the announcement released on SENS on 11 January 2022 relating to the
acquisition by Sea Harvest Group Limited, a c.54% held subsidiary of Brimstone, of the Western
Australia based fishing businesses of MG Kailis Proprietary Limited (the “Transaction”).

In this regard, shareholders are advised that all the conditions precedent as set out in that
announcement have now either been fulfilled or waived, as the case may be. Accordingly, the
Transaction is now unconditional and was completed with an effective date of 23 May 2022.

Cape Town
24 May 2022

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

Date: 24-05-2022 09:33:00
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