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African Oxygen Limited - Granting Of Awards To Directors

Release Date: 25/11/2014 14:15:00      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")


GRANTING OF AWARDS TO DIRECTORS

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements (?Listings
Requirements?), shareholders are advised that certain directors may derive a beneficial interest
in terms of Afrox?s Forfeitable Share Plan (2012) (?the Scheme?).

Investec Bank, in their capacity as Escrow agent, has acquired shares, on market, on behalf of
certain directors. In respect of the Scheme and the release thereof to the directors referred to
below, is conditional on the director being employed by the Company on that date and reaching
predetermined performance conditions.

In order to comply with the Listings Requirements, the directors? potential interest in these
dealings is disclosed below:

Name of director                                            B Kimber
Name of Company                                             Afrox Limited
Nature of transaction                                       Acceptance of options in terms of the
                                                            Scheme
Date of grant                                               10 November 2014
Date of acceptance                                          24 November 2014
Number of securities                                        48 000
Price of securities                                         R19.54
Total value of transaction                                  R937 920.00
Class of securities                                         Ordinary shares
Vesting period                                              3 years
Nature of interest                                          Indirect beneficial
On/off market transaction                                   On

Name of director                                            N A Thomson
Name of Company                                             Afrox Limited
Nature of transaction                                       Acceptance of options in terms of the
                                                            Scheme
Date of transaction                                         10 November 2014
Date of acceptance                                          24 November 2014
Number of securities                                        36 000
Price of securities                                         R19.54
Total value of transaction                                  R703 440,00
Class of securities                                         Ordinary shares
Vesting period                                              3 years from date of grant
Nature of interest                                          Indirect beneficial
On/off market transaction                                   On

Clearance for the granting the above awards in terms of paragraph 3.66 of the Listings
Requirements has been obtained. The above trades were completed outside of a prohibited
period.

Johannesburg
25 November 2014

Sponsor
One Capital

Date: 25/11/2014 02:15:00 Supplied by www.sharenet.co.za                     
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