Castle Brands Inc (ROX): Billionaire Phillip Frost Filed An Amended 13D

(1) Includes vested options (including options that will be exercisable within 60 days of the date hereof) to purchase 40,000 Common
Shares (as defined herein).

(2) Includes (i) 43,167,540 Common Shares held by the Gamma
Trust (as defined herein) and (ii) 555,556 Common Shares issuable upon conversion of $500,000 aggregate principal amount of the
Convertible Note (as defined herein) held by the Gamma Trust. Does not include Common Shares issuable upon the conversion of accrued
but unpaid interest on the Convertible Note, which is payable in cash on a quarterly basis; the Convertible Note and accrued but
unpaid interest thereon is convertible into Common Shares in whole or in part from time to time at the option of the holder.

(3) Includes 9,370,790 Common Shares held by the Nevada Trust
(as defined herein).

(4) The calculation of the percentage is based on (i) 160,034,464Common
Shares outstanding as of February 8, 2016, as reported on the 10-Q filed on February 9, 2016, (ii) 40,000 Common Shares to be issued
upon the exercise of vested options (including options that will be exercisable within 60 days of the date hereof) held by the
Reporting Person and (iii) 555,556 Common Shares issuable upon conversion of $500,000 aggregate principal amount of the Convertible
Note held by the Gamma Trust.