KEATON ENERGY HOLDINGS LIMITED - Notice as required in terms of Section 45(5)(a) of the Companies Act

Notice as required in terms of Section 45(5)(a) of the Companies Act

Keaton Energy Holdings Limited
Registration number 2006/011090/06
Incorporated in the Republic of South Africa
JSE share code: KEH ISIN: ZAE000117420
(“Keaton” or “the company”)


ANNOUNCEMENT FOR COMPLIANCE REASONS ONLY: NOTICE, AS REQUIRED IN
TERMS OF SECTION 45(5)(a) OF THE COMPANIES ACT, 71 OF 2008 (THE
ACT)FOR THE GRANTING OF FINANCIAL ASSISTANCE

Notice is hereby given, as required in terms of section 45(5)(a)
of the Act that the Board of directors(the Board) of the company
at a meeting held on 7 March 2014, authorised the company to
provide financial assistance to any 1 (one) or more related or
inter-related companies or corporations of the company and/or to
any 1 (one) or more juristic persons who are members of, or are
related to, any such related or inter-related company or
corporation in terms of section 45 of the Act, pursuant to the
authority granted to the Board by shareholders at the annual
general meeting of the company, held on 17 September 2013.

The aggregate financial exposure of the company in respect of any
financial assistance in terms of this resolution shall not exceed
R50 million.

In terms of section 45(3)(b) of the Act, the Board is satisfied
that:

  - immediately after providing financial assistance, the company
    would satisfy the solvency and liquidity test as set out in
    section 4 of the Act; and

  - the terms under which the financial assistance is proposed to
    be given under the resolution are fair and reasonable to the
    company.


For more details contact:

Anelia Schutte-Bouwer
Company Secretary
+27 (0) 11 317 1700 (office)

19 March 2014

Sponsor:
Nedbank Capital

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