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Keh - Keaton Energy Holdings Limited - Sale Of Shares By Moneybox Investments

Release Date: 01/04/2011 15:00:02      Code(s): KEH
KEH - Keaton Energy Holdings Limited - Sale of shares by Moneybox Investments   
156 (Proprietary) Limited                                                       
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 MONEYBOX INVESTMENTS 156 (PROPRIETARY) LIMITED                
Moneybox Investments 156 (Proprietary) Limited ("Moneybox") has sold 101 317    
Keaton Energy shares on the open market, as follows:                            
On Wednesday, 30 March 2011:                                                    
-    28 000 shares at R3.11 per share; and                                      
-    22 000 shares at R3.10 per share.                                          
On Thursday, 31 March 2011:                                                     
-    28 150 shares at R3.15 per share;                                          
-    23 167 shares at R3.20,                                                    
for a total consideration of R318 086.                                          
Dr Robert Gumbi and Mr Mike Magagulu are non-executive directors of Labohlano   
Trading 46 (Proprietary) Limited ("Labohlano"), a 74% held subsidiary of Keaton 
Energy and are indirectly beneficially interested in Moneybox, which is a 26%   
shareholder in Labohlano.                                                       
As a consequence, Labohlano 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                                                                       
1 April 2011                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 01/04/2011 15:00:02 Supplied by www.sharenet.co.za                     
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