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Keh - Keaton Energy - Sale Of Shares By Rutendo Holdings (pty) Ltd

Release Date: 20/08/2009 15:48:01      Code(s): KEH
KEH - Keaton Energy - Sale Of Shares By Rutendo Holdings (Pty) Ltd              
Keaton Energy Holdings Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/011090/06)                                            
JSE share code: KEH & ISIN: ZAE000117420                                        
("Keaton Energy" or "the Company")                                              
SALE OF SHARES BY RUTENDO HOLDINGS (PTY) LTD                                    
On 19 August 2009 Rutendo Holdings (Pty) Ltd ("Rutendo Holdings") sold 500      
000 Keaton Energy shares, at R8.50 per share, for a total consideration of      
R4 250 000.00.                                                                  
Antoinette Sedibe, a non-executive director of Keaton Energy, and Amanda        
Glad, an executive director of Keaton Energy, are indirectly beneficially       
interested in 100% of Rutendo Holdings.  Prior to the sale, Rutendo             
Holdings held 8.5 million shares in Keaton Energy,  7.84 million shares of      
which are founders` shares and are subject to a lock-up agreement, valid        
until 22 April 2010.                                                            
Rutendo Mining (Pty) Ltd, in which Antoinette Sedibe and Amanda Glad also       
have a 100% indirect beneficial interest, remains a 26% shareholder in          
Keaton Mining (Pty) Ltd ("Keaton Mining"). As a consequence, Keaton Mining      
remains fully compliant with the historically disadvantaged person ("HDP")      
ownership requirements of the South African Mineral and Petroleum Resources     
Development Act, No 28 of 2002, as amended ("MPRDA") and the Broad Based        
Socio-Economic Empowerment Charter for the South African mining industry,       
as contemplated in Section 100(2) of the MPRDA.                                 
This announcement is made in compliance with Section 3.63 of the JSE            
Listings Requirements.  Clearance to deal was received in terms of Section      
3.66 of the JSE Listings Requirements.                                          
Bryanston                                                                       
20 August 2009                                                                  
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 20/08/2009 15:48:01 Supplied by www.sharenet.co.za                     
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