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Keh - Keaton Energy Holdings Limited - Award And Acceptance Of Share

Release Date: 01/09/2011 17:00:03      Code(s): KEH
KEH - Keaton Energy Holdings Limited - 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:                PBM Miller                                   
Offer date:                        24 August 2011                               
Number of notional shares:         1 955 433                                    
Offer price per notional share:    R2-52                                        
Value:                             R4 927 691.16                                
Vesting conditions:                Subject to a Minimum Employment Period       
                                  (three years) and certain performance targets 
                                  as noted on the Bonus Award Certificate. To   
                                  be exercised by 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:                        24 August 2011                               
Number of notional shares:         1 135 559                                    
Offer price per notional share:    R2-52                                        
Value:                             R2 861 608.68                                
Vesting conditions:                Subject to a Minimum Employment Period       
                                  (three years) and certain performance targets 
                                  as noted on the Bonus Award Certificate. To   
                                  be exercised by 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:                        24 August 2011                               
Number of notional shares:         1 161 968                                    
Offer price per notional share:    R2-52                                        
Value:                             R2 928 159.36                                
Vesting conditions:                Subject to a Minimum Employment Period       
                                  (three years) and certain performance targets 
                                  as noted on the Bonus Award Certificate. To   
                                  be exercised by 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                                                                       
1 September 2011                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 01/09/2011 17:00:02 Supplied by www.sharenet.co.za                     
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