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Afx - Afrox - Announcement

Release Date: 24/11/2008 13:00:01      Code(s): AFX
AFX - Afrox - Announcement                                                      
AFRICAN OXYGEN LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1927/000089/06)                                            
JSE code: AFX                                                                   
NSX code: AOX                                                                   
ISIN: ZAE000067120                                                              
("Afrox" or "the company" or "the Group")                                       
ANNOUNCEMENT                                                                    
This announcement relates to the actual results for the third quarter ended 30  
September 2008, and must be read in conjunction with the Interim results        
announcement for the six months ended 30 June 2008, where it is stated that the 
outlook is expected to improve in the second half of 2008.                      
The three months ended 30 September 2008 were characterised by a challenging    
operating environment as a result of the general slowdown in the economic       
conditions in South Africa.                                                     
These factors did not prevail at the time Afrox issued its Interim results      
announcement for the six months ended 30 June 2008. Given the current market    
conditions, Afrox expects the negative trend experienced to continue beyond the 
third quarter.                                                                  
In response the company has implemented strategies to identify, manage and      
reduce risk posed by uncertainties of the global economic climate.              
Johannesburg                                                                    
24 November 2008                                                                
Sponsor                                                                         
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 24/11/2008 13:00:01 Supplied by www.sharenet.co.za                     
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