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KEH - Keaton Energy Holdings Limited - Sale of shares by Rutendo Holdings

Release Date: 02/03/2011 17:00:03      Code(s): KEH
KEH - Keaton Energy Holdings Limited - 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")                                                               
Sale of shares by Rutendo Holdings (Pty) Ltd                                    
On 01 March 2011 Rutendo Holdings (Pty) Ltd ("Rutendo Holdings") sold           
1 300 000 Keaton Energy shares, in an off-market transaction, at R4.50 per      
share for a total consideration of R5 850 000.                                  
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.                                         
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.                                                      
02 March 2011                                                                   
Sponsor: Nedbank Capital                                                        
Date: 02/03/2011 17:00:03 Supplied by www.sharenet.co.za                     
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