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Release Date: 19/07/2012 17:30:00      Code(s): KEH
(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

Rutendo Holdings (Pty) Ltd ("Rutendo Holdings") has sold 27 365 Keaton Energy shares in an off-market
transaction, as follows:

        on 17 July 2012, 19 365 Keaton Energy shares were sold at R2.83, totalling R54 802.95;and

        on 18 July 2012, 8 000 Keaton Energy shares were sold at R2.89, totalling R23 120.

Antoinette Sedibe, a non-executive director of Keaton Energy, and Amanda Glad, an executive director
of Keaton Energy, both have indirect beneficial interests 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.

19 July 2012

Investment Bank and Sponsor

Nedbank Capital

Date: 19/07/2012 05:30:00 Supplied by www.sharenet.co.za                     
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