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African Oxygen Limited - Afrox Signs R147 Million Nitrogen Supply Contract

Release Date: 04/09/2014 08:00:00      Code(s): AFX     
African Oxygen Limited
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
ISIN: ZAE000067120
JSE code: AFX
NSX code: AOX
("Afrox")



Afrox signs R147 million nitrogen supply contract

Shareholders are advised that Afrox has signed a five-year contract with Exxaro FerroAlloys
(Pty) Ltd, which at full capacity will be worth R147 million, for the supply of nitrogen to its
plant in West Pretoria. Afrox will also be investing in upgrading its distribution pipeline to meet
the demand from the Exxaro plant.

"This represents one of the largest nitrogen supply contracts in Afrox," confirmed Afrox
Managing Director, Brett Kimber. "We are delighted Exxaro is partnering with Afrox for their
expansion plans and this contract underscores the renewed reliability of our plants, now
running at 99%, nationally, and justifies the R193 million investment in the 200-ton-per-day
Pretoria ASU."

Johannesburg
4 September 2014

Sponsor
One Capital

Date: 04/09/2014 08:00:00 Supplied by www.sharenet.co.za                     
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