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Afx - African Oxygen Limited - Afrox Trading Update

Release Date: 19/07/2011 14:30:01      Code(s): AFX
AFX - African Oxygen Limited - Afrox trading update                             
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 Group")                                                        
AFROX TRADING UPDATE                                                            
Afrox`s results for the six months ended 30 June 2011 are expected to be        
released on 19 July 2011.                                                       
In compliance with the Listings Requirements of the JSE Limited and in respect  
of the six months ended 30 June 2011, and comparing it with the comparable six  
month period of last year ("comparable period") the Group hereby advises        
shareholders that:                                                              
-    headline earnings per share is expected to improve by 37% on those of the  
    comparable period (included is a once-off gain on benefit funds of 7 cents  
    per share, excluding the once-off, the expected improvement would be 19%).  
-    basic earnings per share is expected to reduce by 55% on those of the      
comparable period as a result of plant impairment.                          
Shareholders are advised that the financial information contained in this       
trading update has neither been reviewed nor reported on by the Group`s external
auditors.                                                                       
Johannesburg                                                                    
19 July 2011                                                                    
JSE Sponsor                                                                     
One Capital                                                                     
NSX Sponsor                                                                     
Namibia Equity Brokers (Pty) Limited                                            
Date: 19/07/2011 14:30:01 Supplied by www.sharenet.co.za                     
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