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Release Date: 19/12/2012 07:05:00      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 337 525 Keaton Energy shares in an on-
market transaction, as follows:

     - on 13 December 2012, 8 150 Keaton Energy shares were sold at R2.01, totalling R16 381.50;

     - on 13 December 2012, 53 351 Keaton Energy shares were sold at R2.00, totalling R106 702.00;

     - on 13 December 2012, 12 000 Keaton Energy shares were sold at R2.04, totalling R24 480.00;

     - on 14 December 2012, 10 000 Keaton Energy shares were sold at R1.93, totalling R19 300;

     - on 14 December 2012, 174 424 Keaton Energy shares were sold at R1.90, totalling
        R331 405.60;

     - on 14 December 2012, 5 100 Keaton Energy shares were sold at R1.95, totalling R9 945.00;

     - on 18 December 2012, 7 000 Keaton Energy shares were sold at R1.96, totalling R13 720;

     - on 18 December 2012, 10 750 Keaton Energy shares were sold at R1.95, totalling R20 962.50;

     - on 18 December 2012, 6 750 Keaton Energy shares were sold at R1.91, totalling
        R12 892.50;and

     - on 18 December 2012, 50 000 Keaton Energy shares were sold at R1.88, totalling R94 000.00.

The sale of shares is to the benefit of the KT Trust, of which Antoinette Sedibe, a non-executive director
of Keaton Energy, has an indirect beneficial interest.

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 December 2012

Investment Bank and Sponsor

Nedbank Capital

Date: 19/12/2012 07:05:00 Supplied by www.sharenet.co.za                     
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