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

(1) Includes (i) 43,167,540 Common Shares held by the Gamma Trust and (ii) 555,556 Common Shares issuable upon conversion of $500,000
aggregate principal amount of the Convertible Note 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.

(2) The calculation of the percentage is based on (i) 160,034,464
Common Shares outstanding as of February 8, 2016, as reported on the 10-Q filed on February 9, 2016, and (ii) 555,556 Common Shares
issuable upon conversion of $500,000 aggregate principal amount of the Convertible Note held by the Gamma Trust.