Brimstone - Report On Proceedings At General Meeting
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`)
REPORT ON PROCEEDINGS AT GENERAL MEETING
At the general meeting of Brimstone shareholders held today, 22 March 2005, the
following ordinary resolutions, which relate to the acquisition by Brimstone of
an effective 20,3% interest in Afrox Healthcare Limited, were unanimously
passed:
Ordinary resolution number 1
`Resolved that the acquisition by the company of an indirect interest in
Business Venture Investments No. 790 (Proprietary) Limited, on substantially the
basis and terms and conditions contemplated in the circular to shareholders of
which this notice of general meeting forms part, and the shareholders` agreement
entered into in respect of Business Venture Investments No. 790 (Proprietary)
Limited, a copy of which has been tabled at this general meeting and initialed
by the chairman for purposes of identification, be and is hereby approved and
authorised.`
Ordinary resolution number 2
`Resolved that the directors of the company be given any and all authority to
enter into all agreements, to sign all documents and generally to do all such
things as may be necessary to give effect to the transaction approved and
authorised in terms of ordinary resolution number 1 considered at this general
meeting, including the funding of such transaction.`
Cape Town
22 March 2005
Merchant bank and lead sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Sponsor
Nedbank Capital, a division of Nedbank Limited
Legal adviser
Hofmeyr Herbstein & Gihwala Inc.
Independent reporting accountants
Deloitte & Touche Chartered Accountants (SA)
Date: 22/03/2005 02:45:04 PM
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