Posting of Section 60 Notice to Keaton Shareholders 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’) POSTING OF SECTION 60 NOTICE TO KEATON SHAREHOLDERS Shareholders are advised that a notice to holders of ordinary shares in Keaton in respect of the proposed special resolution to be adopted in terms of section 60 of the Companies Act, 71 of 2008 ("Companies Act"), a form of written consent and a proxy form (“the notice”) has been posted today, 11 November 2015. The special resolution relates to section 45 approval under the Companies Act, which approval will authorise the Company to provide direct or indirect financial assistance to related and/or inter-related companies and corporations within the Keaton group of companies. Shareholders are advised that the notice is available on the Company’s website at www.keatonenergy.co.za NOTICE IN RESPECT OF PROPOSED RESOLUTION TO BE ADOPTED IN TERMS OF SECTION 60 OF THE COMPANIES ACT, 71 OF 2008 Ordinary shareholders are provided with a timetable below to consider and vote on the special resolution as outlined in the notice. 2015 Record date to determine which shareholders are Friday, 6 November entitled to receive this notice Last day to trade in Keaton shares in order to be Friday, 6 November recorded in the share register in order to vote on the special resolution Notice posted to shareholders Wednesday, 11 November Record date to be entitled to vote (meaning Friday, 13 November shareholders recorded in the share register on that date) on the special resolution In respect of dematerialised shareholders without Friday, 11 December "own name" registrations, last day to vote on special resolution by 17h00 on In respect of certificated shareholders and Friday, 11 December dematerialised shareholders with "own name" registrations, last day to return forms of consent in respect of the special resolution to the Company Transfer Secretary by 17h00 on Results of the voting to be released on SENS Within 48 hours of the special resolution being adopted Posting of statement describing the results of the Within 10 business days after the vote adoption of the special resolution Johannesburg 11 November 2015 Sponsor Investec Bank Limited Attorneys Malan Scholes Incorporated Date: 11/11/2015 08:00:00 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.