Dealing in Securities Keaton Energy Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2006/011090/06) JSE code: KEH ISIN code: ZAE000117420 ("Keaton" or “the Company”) Dealing in Securities In terms of paragraphs 3.63 - 3.66 of the JSE Limited Listings Requirements, the following information is disclosed: Executive director: AB Glad Name of Company Keaton Energy Holdings Limited Offer date: 24 June 2015 Number of shares: - Share Appreciation Rights: 308 802 - Performance Shares: 556 735 - Restricted Shares: 188 714 Offer price per share: R1.52 Expected value: R1 602 462 Subject to a Minimum Employment Period (three years) and certain performance conditions as noted on the Bonus Award Certificate. To Vesting conditions: be exercised as soon as practically possible after the Vesting Date Extent of interest: Direct beneficial Off market shares awarded and accepted in terms of the Keaton Nature of transaction: Energy Long-Term Performance Incentive Plan Clearance to deal obtained: Yes Executive director: J Rossouw Name of Company Keaton Energy Holdings Limited Offer date: 24 June 2015 Number of shares: - Share Appreciation Rights: 250 380 - Performance Shares: 379 182 - Restricted Shares: 200 663 Offer price per share: R1.52 Expected value: R1 261 942 Subject to a Minimum Employment Period (three years) and certain performance conditions as noted on the Bonus Award Certificate. To Vesting conditions: be exercised as soon as practically possible after the Vesting Date Extent of interest: Direct beneficial Off market shares awarded and accepted in terms of the Keaton Nature of transaction: Energy Long-Term Performance Incentive Plan Clearance to deal obtained: Yes Company Secretary: A Schutte-Bouwer Name of Company Keaton Energy Holdings Limited Offer date: 24 June 2015 Number of shares: - Share Appreciation Rights: 107 915 - Performance Shares: 134 894 - Restricted Shares: 94 966 Offer price per share: R1.52 Expected value: R513 418 Subject to a Minimum Employment Period (three years) and certain performance conditions as noted on the Bonus Award Certificate. To Vesting conditions: be exercised as soon as practically possible after the Vesting Date Extent of interest: Direct beneficial Off market shares awarded and accepted in terms of the Keaton Nature of transaction: Energy Long-Term Performance Incentive Plan Clearance to deal obtained: Yes Johannesburg 29 June 2015 Sponsor Investec Bank Limited Date: 29/06/2015 04:55:00 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.