Trading Statement 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”) TRADING STATEMENT The company’s reviewed results for the year ended 31 March 2015 (“the year”) are expected to be published on or about 24 June 2015. Shareholders are advised that the company expects, with reasonable certainty, that headline earnings per share for the year will be between nil and 1 cent per share which is equal to a decrease of between 96.7% and 100% compared to 30.3 cents per share in the prior year. It is expected that basic loss per share for the year will be between 13.3 and 14.3 cents per share, a decrease of between 143.9% and 147.2% compared to a basic earnings per share of 30.3 cents in the prior year. The decrease in earnings per share is attributable to an impairment recognised on our Vaalkrantz operation and a significant stock loss at Vaalkrantz due to theft as a result of collusion. The decrease in headline earnings per share is largely attributable to the stock loss. Shareholders are advised that this information has not been reviewed or reported on by the company’s auditors. This trading statement is issued in terms of the JSE Limited’s Listings Requirements. Bryanston 19 June 2015 Sponsor Investec Bank Limited Date: 19/06/2015 05:00:00 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.