Further extension of the call option granted to Moneybox Investments 156 (Pty) Ltd 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’) FURTHER EXTENSION OF THE CALL OPTION GRANTED TO MONEYBOX INVESTMENTS 156 (PTY) LTD At the General Meeting of shareholders of Keaton held on 30 October 2015 the Call Option Agreement (“the Agreement”) entered into between Moneybox Investments 156 (Pty) Ltd (“Moneybox”), Keaton Mining (Pty) Ltd (“KM”) and Keaton whereby a call option was granted to Moneybox to acquire the Labohlano Sale Equity held by Keaton, the KM Prospecting Rights and KM Reports held by KM, was approved. In terms of the Agreement, as amended on or about 30 January 2017, the agreed option period within which Moneybox had the right to exercise the call option, terminates at 23h59 on 30 April 2017. However, as provided for in terms of the Agreement, the parties have subsequently agreed in writing to extend the option period for a further period resulting in the option period now only terminating at 11h59 on 20 November 2017. This extension is subject to Moneybox preparing and submitting, on behalf of Keaton, a mining right application on or before 20 November 2017 Johannesburg 28 April 2017 Sponsor Investec Bank Limited Date: 28/04/2017 03:00:00 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.