Dealing in securities by directors Keaton Energy Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2006/011090/06) JSE share code: KEH ISIN: ZAE000117420 (“Keaton Energy”) DEALING IN SECURITIES BY DIRECTORS 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: 20 June 2013 Number of notional shares: 3 150 000 Offer price per notional share: R1.44 Expected value: R4 536 000 Subject to a Minimum Employment Period (three years) and certain performance targets as noted on the Bonus Award Certificate. To be Vesting conditions: exercised by no later than the sixth anniversary of the Offer date Extent of interest: Direct beneficial Off-market notional shares (share appreciation rights) awarded and accepted in terms of the Keaton Energy Long-Term Performance Nature of transaction: Incentive Scheme Clearance to deal obtained: Yes Executive director: J Rossouw Offer date: 20 June 2013 Number of notional shares: 2 087 250 Offer price per notional share: R1.44 Expected value: R3 005 640 Subject to a Minimum Employment Period (three years) and certain performance targets as noted on the Bonus Award Certificate. To be Vesting conditions: exercised by no later than the sixth anniversary of the Offer date Extent of interest: Direct beneficial Off market notional shares (share appreciation rights) awarded and accepted in terms of the Keaton Energy Long-Term Performance Nature of transaction: Incentive Scheme Clearance to deal obtained: Yes Executive Chairman: JD Salter Offer date: 20 June 2013 Number of notional shares: 2 000 000 Offer price per notional share: R1.44 Expected value: R2 880 000 Subject toJD Salter being a member of the Keaton Energy board for a minimum period of three years. To be exercised by no later than the Vesting conditions: sixth anniversary of the Offer date Extent of interest: Direct beneficial Off market notional shares (share appreciation rights) awarded and accepted in terms of the Keaton Energy Long-Term Performance Nature of transaction: Incentive Scheme Clearance to deal obtained: Yes Bryanston 21 June 2013 Sponsor Nedbank Capital Date: 21/06/2013 04:45:00 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.