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KEH - Keaton Energy Holdings Limited - 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 AB Glad Offer date 6 June 2012 Number of notional shares 1 284 431 Offer price per notional share R3.34 Expected value R4 289 999.54 Vesting conditions Subject to a Minimum Employment Period (three years) and certain performance targets as noted on the Bonus Award Certificate. To be exercised by no later than the sixth anniversary of the
Offer date Extent of interest Direct beneficial Nature of transaction Off market notional shares (share appreciation rights) awarded and
accepted in terms of the Keaton Energy Long-Term Performance Incentive Scheme Clearance to deal obtained Yes Executive director J Rossouw Offer date 6 June 2012 Number of notional shares 1 616 766 Offer price per notional share R3.34 Expected value R5 399 998.44 Vesting conditions Subject to a Minimum Employment Period (three years) and certain performance targets as noted on the Bonus Award Certificate. To be exercised by no
later than the sixth anniversary of the Offer date Extent of interest Direct beneficial Nature of transaction Off market notional shares (share appreciation rights) awarded and accepted in terms of the Keaton Energy Long-Term Performance Incentive Scheme Clearance to deal obtained Yes Bryanston 15 June 2012 Sponsor Nedbank Capital Date: 15/06/2012 09:43:00 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.
