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KEH - Keaton Energy - 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: PCCH Snyders Offer date: 25 August 2010 Number of notional shares: 1 070 664 Offer price per notional share: R4.67 Value: R5 000 000 Vesting conditions: Subject to a Minimum Employment Period (three years) and certain performance targets as noted on the Bonus Award
Certificate, but no later than the sixth anniversary of the Offer date Extent of interest: Direct beneficial Nature of transaction: Notional shares (share appreciation rights) awarded and accepted in terms of the Keaton Energy Long-Term
Performance Incentive Scheme (off market) Clearance to deal obtained: Yes Executive director: PBM Miller Offer date: 25 August 2010 Number of notional shares: 981 070 Offer price per notional share: R4.67 Value: R4 581 596 Vesting conditions: Subject to a Minimum Employment Period (three years) and certain performance targets as noted
on the Bonus Award Certificate, but no later than the sixth anniversary of the Offer date
Extent of interest: Direct beneficial Nature of transaction: Notional shares (share appreciation rights) awarded and accepted in terms of the
Keaton Energy Long-Term Performance Incentive Scheme (off market) Clearance to deal obtained: Yes Executive director: AB Glad Offer date: 25 August 2010 Number of notional shares: 569 727 Offer price per notional share: R4.67 Value: R2 660 625 Vesting conditions: Subject to a Minimum Employment Period (three years) and certain
performance targets as noted on the Bonus Award Certificate, but no later than the sixth anniversary
of the Offer date Extent of interest: Direct beneficial Nature of transaction: Notional shares (share appreciation rights) awarded
and accepted in terms of the Keaton Energy Long-Term Performance Incentive Scheme (off market)
Clearance to deal obtained: Yes Executive director: JG Schonfeldt Offer date: 25 August 2010 Number of notional shares: 582 976 Offer price per notional share: R4.67 Value: R2 722 500 Vesting conditions: Subject to a Minimum Employment Period (three
years) and certain performance targets as noted on the Bonus Award Certificate, but no later
than the sixth anniversary of the Offer date Extent of interest: Direct beneficial Nature of transaction: Notional shares (share appreciation rights) awarded and accepted in terms of the Keaton Energy Long-Term Performance Incentive Scheme
(off market) Clearance to deal obtained: Yes Bryanston 30 August 2010 Sponsor Nedbank Capital Date: 30/08/2010 17:15:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
