Renewal of Cautionary Announcement Keaton Energy Holdings Limited (A company incorporated in the Republic of South Africa with Registration number: 2006/011090/06) ISIN: ZAE000117420 JSE Share Code: KEH ("Keaton") or (the “Company”) RENEWAL OF CAUTIONARY ANNOUNCEMENT 1. INTRODUCTION Keaton shareholders are referred to the announcements released by Keaton on SENS on Monday, 26 August 2013, wherein it was announced, inter alia, that Keaton had entered into a scheme implementation deed dated 23 August 2013 with Xceed Resources Limited (“Xceed”) in terms of which Keaton has made an offer to acquire the entire issued share capital of Xceed by way of a scheme of arrangement in accordance with Part 5.1 of the Australian Corporations Act 2001, as amended (the “Transaction"). 2. RENEWAL OF CAUTIONARY ANNOUNCEMENT Keaton shareholders are referred to the cautionary announcements released by Keaton on SENS on 23 August 2013 and 26 August 2013 and are advised that Keaton is still in the process of compiling the pro forma financial effects of the Transaction. Accordingly, and until such time as these have been published, Keaton shareholders are advised to continue to exercise caution when dealing in the Company’s securities. Johannesburg 8 October 2013 Joint financial advisors: Qinisele Resources & Ceres Capital Legal advisor in Australia: Ashurst Legal advisor to in South Africa: Norton Rose Fulbright Investment Bank and Sponsor: Nedbank Capital Independent Expert: BDO Independent Reporting Accountants to Keaton: KPMG Independent Reporting Accountants in relation to Xceed: Moore Stephens Tax and Exchange Control Advisors to Keaton: Webber Wentzel Date: 08/10/2013 04:50:00 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.