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Keaton Energy Holdings Limited - Notification In Terms Of Section 45(5) Of The Companies Act, 71 Of 2008

Release Date: 09/09/2015 17:00:00      Code(s): KEH     
Keaton Energy Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE code: KEH
ISIN code: ZAE000117420
('Keaton' or the ?Company?)


In terms of the provisions of section 45(5)(a) of the Companies Act, 71 of 2008 (?the Act?) and
pursuant to a special resolution passed at the annual general meeting of the Company held on 6
October 2014 authorising the board of directors (?the board?) to provide direct or indirect financial
assistance to related and inter-related parties, notification is hereby given by the Company that the
board has on 28 August 2015 adopted a resolution in terms of section 45(3)(b) of the Act authorising
the Company to grant additional financial assistance not exceeding R60,000,000 to its subsidiaries,
as and when necessary.

In accordance with section 45 of the Act, the board is satisfied and acknowledges that:

(i)    immediately after providing such financial assistance, the Company would have satisfied the
       solvency and liquidity test as provided for in section 4 of the Act; and
(ii)   the terms under which such financial assistance would be given are fair and reasonable to the

 9 September 2015

 Investec Bank Limited

Date: 09/09/2015 05:00:00 Supplied by www.sharenet.co.za                     
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