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

Release Date: 15/06/2012 09:43:01      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              AB Glad                                        
Offer date                      6 June 2012                                    
 Number of notional shares       1 284 431                                      
 Offer price per notional share  R3.34                                          
 Expected value                  R4 289 999.54                                  
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                      6 June 2012                                    
 Number of notional shares       1 616 766                                      
 Offer price per notional share  R3.34                                          
Expected value                  R5 399 998.44                                  
 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                                            
Bryanston                                                                       
15 June 2012                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 15/06/2012 09:43:00 Supplied by www.sharenet.co.za                     
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