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Afrox/ Ahealth/ Bidco - Joint Announcement In Respect Of Court Application

Release Date: 15/10/2004 17:09:00      Code(s): AFX AHH
Afrox/ Ahealth/ Bidco - Joint announcement in respect of Court Application      
African Oxygen Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1927/000089/06)                                            
JSE Share code: AFX                                                             
NSX Share code: AOX                                                             
ISIN: ZAE000030920                                                              
("Afrox")                                                                       
Afrox Healthcare Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1985/001313/06)                                           
Share code: AHH                                                                 
ISIN: ZAE000022059                                                              
("Ahealth")                                                                     
Business Venture Investments No. 790 (Proprietary) Limited                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2003/002733/07)                                           
("Bidco")                                                                       
JOINT ANNOUNCEMENT FROM AFROX, AHEALTH AND BIDCO IN RESPECT OF COURT APPLICATION
SERVED ON THEM ON 14 OCTOBER 2004 ("THE APPLICATION")                           
Shareholders are hereby advised that during the afternoon of 14 October 2004 a  
Court Application was filed, inter alia, on Afrox, Ahealth and Bidco, in terms  
of which Johannes Paulus Franciscus Dalmeyr and Wendy Counihan will make        
application to the High Court of South Africa (Witwatersrand Local Division)    
("the Court") for an order declaring, inter alia, that the scheme of arrangement
in terms of section 311 of the Companies Act, No. 61 of 1973, as amended,       
proposed by Bidco between Ahealth and its shareholders, which was sanctioned by 
the Court on 6 April 2004, ("the scheme") and pursuant to which Bidco is to     
acquire all the shares in Ahealth, has lapsed as a result of the non-fulfilment,
on or before 30 September 2004, of the remaining outstanding condition precedent
to which the scheme is subject, being the condition precedent that the          
Competition Tribunal grants its approval to the implementation of the scheme    
("Competition Condition"). As announced on 30 September 2004, Afrox, Ahealth and
Bidco had agreed in writing to extend the date for fulfilment of the Competition
Condition from 30 September 2004 to 31 December 2004.                           
Afrox, Ahealth and Bidco are considering the Application and shareholders will  
be advised, in due course, on how they intend responding to the Application.    
Johannesburg                                                                    
15 October 2004                                                                 
Sponsor to Afrox                                                                
Barnard Jacobs Mellet                                                           
Corporate Finance                                                               
Sponsor to Ahealth                                                              
Nedbank Capital                                                                 
Date: 15/10/2004 05:09:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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