Results of the Section 60 Notice posted to shareholders on 11 November 2015 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’) RESULTS OF THE SECTION 60 NOTICE POSTED TO SHAREHOLDERS ON 11 NOVEMBER 2015 1. Introduction Holders of ordinary shares in Keaton (“shareholders”) are referred to the announcement released on 11 November 2015 regarding the section 60 notice in respect of the proposed special resolution relating to section 45 of the Companies Act, 71 of 2008 (“Companies Act”), to be considered and voted on by shareholders in writing (“the Notice”). Shareholders are hereby advised that the special resolution contained in the Notice was passed by the requisite 75% majority of votes of shareholders. 2. Results of voting in terms of the Notice Details of the results of the voting in terms of the Notice were as follows: % Number Total number of shares that could vote in writing 100% 291 994 256 Total number of shares voting (including shares abstained from 78.21% 228 360 651 voting) Total number of shares voting (excluding shares abstained from 78.21% 228 360 651 voting) Votes in % Votes % Abstentions % of favour against issued share capital Special Resolution 228 360 651 100% - - - - Approval of financial assistance as provided for in section 45 of the Companies Act Johannesburg 24 November 2015 Sponsor Investec Bank Limited Date: 24/11/2015 05:15:00 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.