Report on General Meeting Proceedings 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’) REPORT ON GENERAL MEETING PROCEEDINGS Keaton shareholders are advised that at the General Meeting of members held on Friday, 30 October 2015, all the ordinary and special resolutions as proposed in the Notice of General Meeting were approved by the requisite majority of members. In this regard, Keaton confirms the voting statistics from the General Meeting as follows: % Number Total number of shares that could be voted at meeting 98.59% 225 040 745 Total number of shares present/represented including proxies at 77.34% 174 035 498 meeting (including shares abstained from voting) Total number of members present 10 Votes in % Votes % Abstentions % of favour against issued share capital Ordinary Resolution 170 809 201 99.99% - 0% 4 500 0.002% Number 1 Moneybox Option Transaction Ordinary Resolution 167 821 738 99.99% - 0% 4 500 0.002% Number 2 Rutendo Flip Transaction Ordinary Resolution 164 599 941 99.99% - 0% 4 500 0.002% Number 3 Director’s Authority Special Resolution 167 821 738 99.99% - 0% 4 500 0.002% Number 1 Approval under section 41(1) Johannesburg 30 October 2015 Sponsor Investec Bank Limited Date: 30/10/2015 05:31:00 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.