KEATON ENERGY HOLDINGS LIMITED - Dealings in securities

Dealings in securities

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:                      RA Karstel
Offer date:                              2 July 2012
Number of notional shares:               1 983 114
Offer price per notional share:          R3-18
Expected value:                          R6 306 302.52
Vesting conditions:                      Subject to a Minimum Employment Period (three years).
                                         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

23 July 2012

Sponsor

Nedbank Capital

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