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Keh - Keaton Energy - Award And Acceptance Of Share Appreciation

Release Date: 30/08/2010 17:15:01      Code(s): KEH
KEH - Keaton Energy - Award and Acceptance of Share Appreciation                
Rights                                                                          
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")                                              
AWARD AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS                               
In terms of paragraphs 3.63 - 3.65 of the JSE Limited Listings                  
Requirements, the following information is disclosed:                           
Executive director:                     PCCH Snyders                            
Offer date:                             25 August 2010                          
Number of notional shares:              1 070 664                               
Offer price per notional share:         R4.67                                   
Value:                                  R5 000 000                              
Vesting conditions:                     Subject to a Minimum                    
                                       Employment Period (three                 
                                       years) and certain                       
                                       performance targets as noted             
on the Bonus Award                       
                                       Certificate, but no later                
                                       than the sixth anniversary               
                                       of the Offer date                        
Extent of interest:                     Direct beneficial                       
Nature of transaction:                  Notional shares (share                  
                                       appreciation rights) awarded             
                                       and accepted in terms of the             
Keaton Energy Long-Term                  
                                       Performance Incentive Scheme             
                                       (off market)                             
Clearance to deal obtained:             Yes                                     
Executive director:                     PBM Miller                              
Offer date:                             25 August 2010                          
Number of notional shares:              981 070                                 
Offer price per notional share:         R4.67                                   
Value:                                  R4 581 596                              
Vesting conditions:                     Subject to a Minimum                    
                                       Employment Period (three                 
                                       years) and certain                       
performance targets as noted             
                                       on the Bonus Award                       
                                       Certificate, but no later                
                                       than the sixth anniversary               
of the Offer date                        
Extent of interest:                     Direct beneficial                       
Nature of transaction:                  Notional shares (share                  
                                       appreciation rights) awarded             
and accepted in terms of the             
                                       Keaton Energy Long-Term                  
                                       Performance Incentive Scheme             
                                       (off market)                             
Clearance to deal obtained:             Yes                                     
Executive director:                     AB Glad                                 
Offer date:                             25 August 2010                          
Number of notional shares:              569 727                                 
Offer price per notional share:         R4.67                                   
Value:                                  R2 660 625                              
Vesting conditions:                     Subject to a Minimum                    
                                       Employment Period (three                 
years) and certain                       
                                       performance targets as noted             
                                       on the Bonus Award                       
                                       Certificate, but no later                
than the sixth anniversary               
                                       of the Offer date                        
Extent of interest:                     Direct beneficial                       
Nature of transaction:                  Notional shares (share                  
appreciation rights) awarded             
                                       and accepted in terms of the             
                                       Keaton Energy Long-Term                  
                                       Performance Incentive Scheme             
(off market)                             
Clearance to deal obtained:             Yes                                     
Executive director:                     JG Schonfeldt                           
Offer date:                             25 August 2010                          
Number of notional shares:              582 976                                 
Offer price per notional share:         R4.67                                   
Value:                                  R2 722 500                              
Vesting conditions:                     Subject to a Minimum                    
Employment Period (three                 
                                       years) and certain                       
                                       performance targets as noted             
                                       on the Bonus Award                       
Certificate, but no later                
                                       than the sixth anniversary               
                                       of the Offer date                        
Extent of interest:                     Direct beneficial                       
Nature of transaction:                  Notional shares (share                  
                                       appreciation rights) awarded             
                                       and accepted in terms of the             
                                       Keaton Energy Long-Term                  
Performance Incentive Scheme             
                                       (off market)                             
Clearance to deal obtained:             Yes                                     
Bryanston                                                                       
30 August 2010                                                                  
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 30/08/2010 17:15:01 Supplied by www.sharenet.co.za                     
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