KEATON ENERGY HOLDINGS LIMITED - Trading Statement

Trading Statement

KEATON ENERGY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
ISIN: ZAE000117420
(Registration number 2006/011090/06)
JSE code: KEH
(“Keaton Energy” or “the company”)

TRADING STATEMENT

The company’s reviewed results for the six months ended 30 September 2015 are expected to
be published on or about 19 November 2015.

Shareholders are advised that the company expects, with reasonable certainty, that earnings
per share and headline earnings per share are to vary by the percentages and amounts
included in the table below:

                            30 September 2015       30 September 2015        30 September
                               (% variance)             (variance)               2014
                                                                              (re-stated)
 Continuing operations
 Headline earnings per        (77%) to (66%)            2.0 and 3.0               8.7
 share (cents)
 Earnings per share           (77%) to (66%)            2.0 and 3.0               8.7
 (cents)

 Total operations
 Headline earnings per       (144%) to (151%)          (6.0) and (7.0)            13.7
 share (cents)
 Earnings per share          (327%) to (334%)         (29.0) and (30.0)           12.8
 (cents)

Shareholders are advised to read this trading statement in conjunction with the cautionary
announcement released on SENS on 9 November 2015. As a result of the decision taken by
the board of directors during September 2015 to dispose of the Vaalkrantz operation, the
Balgray project and the Koudelager project (all part of Leeuw Mining and Exploration
Proprietary Limited) as well as the Mooiklip Coal project (part of Amalahle Exploration
Proprietary Limited) these segments were classified as held-for-sale and discontinued
operations. The comparative information has therefore been re-stated to show the
discontinued operations separately.

Shareholders are advised that this information has not been reviewed or reported on by the
company’s auditors.

This trading statement is issued in terms of the JSE Limited’s Listings Requirements.

Bryanston

16 November 2015

Sponsor: Investec Bank Limited

Date: 16/11/2015 05:05:00 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.