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KEATON ENERGY HOLDINGS LIMITED - Keaton Energy releases first half production update

Release Date: 13/10/2014 13:37:00      Code(s): KEH     
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE share code: KEH ISIN: ZAE000117420
(?Keaton Energy? or ?the Company?)

Keaton Energy releases first half production update showing continued growth

13 October 2014

The safety performance at both group collieries remained excellent for the period ending
30 September 2014: Vanggatfontein reported a LTIFR of 0.04 (1H FY2014: 0.10) and
Vaalkrantz a LTIFR of 0.12 (1H FY2014: 0.17). Keaton Energy commends all involved for
this performance.

Vanggatfontein delivered 1.20Mt of washed 2- and 4-Seam thermal coal to Eskom in
1H FY2015 (1H FY2014: 1.14Mt), a pleasing 5% improvement over the previous production
record. In addition, 5-Seam metallurgical coal sales increased 18% over the comparable
period to 65 006t.

No toll washing took place during the period (1H FY2014:145 785t) as all capacity was
utilised for own production. Discard and slurry sales reduced to 131 985t (1H FY2014: 555
963t) as discards were used in on-site construction activities.

Production of domestic and export anthracite at Vaalkrantz increased significantly to
191 898t versus 154 145t for the comparable period. This 24% growth highlights the
success of the company?s drive to not only maintain but grow production at this important
source of high quality anthracite. The geological conditions remain challenging however and
it is therefore pleasing to report the improved safety performance that accompanied the
increased production.

Mandi Glad, Keaton Energy CEO said ? With another record period of safe production,
growth and cash generation we move forward confidently to execute our growth projects
whilst maintaining our long-life cash generating assets at optimal production levels.?

The above information has not been reported on or reviewed by the company?s auditors.

13 October 2014

Investec Bank Limited

Date: 13/10/2014 01:37:00 Supplied by www.sharenet.co.za                     
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