Dealings 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: 27 June 2016 Number of shares: - Share Appreciation Rights: 484 934 - Performance Shares: 874 280 - Restricted Shares: 279 575 Offer price per share: R0.53 Expected value: R868 558 Subject to a Minimum Employment Period (three years) and certain performance conditions as noted on the Bonus Award Certificate. To be Vesting conditions: 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 Energy Nature of transaction: Long-Term Performance Incentive Plan Clearance to deal obtained: Yes Executive director: J Rossouw Name of Company Keaton Energy Holdings Limited Offer date: 27 June 2016 Number of shares: - Share Appreciation Rights: 404 445 - Performance Shares: 612 500 - Restricted Shares: 297 278 Offer price R0.53 Expected value: R696 538 Vesting conditions: Subject to a Minimum Employment Period (three years) and certain performance conditions as noted on the Bonus Award Certificate. To be exercised as soon as practically possible after the Vesting Date Extent of interest: Direct beneficial Nature of transaction: Off market shares awarded and accepted in terms of the Keaton 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: 27 June 2016 Number of shares: - Share Appreciation Rights: 169 466 - Performance Shares: 211 833 - Restricted Shares: 70 345 Offer price per share: R0.53 Expected value: R239 371 Vesting conditions: Subject to a Minimum Employment Period (three years) and certain performance conditions as noted on the Bonus Award Certificate. To be exercised as soon as practically possible after the Vesting Date Extent of interest: Direct beneficial Nature of transaction: Off market shares awarded and accepted in terms of the Keaton Energy Long-Term Performance Incentive Plan Clearance to deal obtained: Yes Johannesburg 27 June 2016 Sponsor Investec Bank Limited Date: 27/06/2016 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.