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African Oxygen Limited - Trading Update

Release Date: 27/07/2012 16:50:00      Code(s): AFX     
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")


TRADING UPDATE


In accordance with the JSE Limited Listings Requirements, Afrox shareholders
are advised that in respect of the six month trading period ended 30 June 2012:


-    basic earnings per share are expected to be between 230% and 250%
     higher; and

-    headline earnings per share are expected to be between 3% and 5% higher

than those of the comparative period (30 June 2011).

These increases are primarily derived from the consequences of the significant
impairments provided against the carrying value of property, plant and equipment
in the comparative period.

Shareholders are advised that the financial information contained in this trading
update has neither been reviewed nor reported on by the company's external
auditors.

Afrox's interim results for the six month period ended 30 June 2012 are expected
to be published on or about 23 August 2012.


Johannesburg
27 July 2012



Sponsor
One Capital

Date: 27/07/2012 04:50:00 Supplied by www.sharenet.co.za                     
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