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

Release Date: 05/12/2011 14:00:26      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:                             2 December 2011                         
Number of notional shares:              1 752 746                               
Offer price per notional share:         R2-81                                   
Expected value:                              R4 925 216.26                      
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:                  Off market notional shares (share       
appreciation rights) awarded and         
                                       accepted in terms of the Keaton          
                                       Energy Long-Term Performance             
                                       Incentive Scheme                         
Clearance to deal obtained:             Yes                                     
Executive director:                     AB Glad                                 
Offer date:                             2 December 2011                         
Number of notional shares:              1 017 855                               
Offer price per notional share:         R2-81                                   
Expected value:                              R2 860 172.55                      
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:                  Off market notional shares (share       
                                       appreciation rights) awarded and         
                                       accepted in terms of the Keaton          
Energy Long-Term Performance             
                                       Incentive Scheme                         
Clearance to deal obtained:             Yes                                     
Executive director:                     J Rossouw                               
Offer date:                             2 December 2011                         
Number of notional shares:              355 872                                 
Offer price per notional share:         R2-81                                   
Expected value:                              R1 000 000.00                      
Vesting conditions:                     Subject to a Minimum Employment         
                                       Period (three years). To be exercised    
                                       by no later than the sixth               
                                       anniversary of the Offer date.           
Extent of interest:                     Direct beneficial                       
Nature of transaction:                  Off market notional shares (share       
                                       appreciation rights) awarded and         
                                       accepted in terms of the Keaton          
Energy Long-Term Performance             
                                       Incentive Scheme                         
Clearance to deal obtained:             Yes                                     
Bryanston                                                                       
5 December 2011                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 05/12/2011 14:00:26 Supplied by www.sharenet.co.za                     
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