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AFRICAN OXYGEN LIMITED - Granting of awards to a director

Release Date: 19/05/2015 16:15:00      Code(s): AFX     
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
ISIN: ZAE000067120
(?Afrox? or the ?Company")


In compliance with paragraph 3.63 of the JSE Limited Listings Requirements (?Listings
Requirements?), shareholders are advised that Mr Schalk Venter may derive a beneficial interest
in terms of Afrox?s Long Term Incentive Plan (2015) (the ?Scheme?).

Investec Bank, in their capacity as Escrow agent, has acquired shares, on market, on behalf of
Mr Schalk Venter. In respect of the Scheme, the release of the options to the directors is
conditional upon being employed by the Company on that date and reaching predetermined
performance conditions.

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

Name of previous director:                       S Venter
Name of company:                                 Afrox Limited
Date of grant:                                   18 May 2015
Date of acceptance:                              19 May 2015
Nature of transaction:                           Granting of options in terms of the Scheme
Number of securities:                            178,000
Price per security:                              R13.97
Vesting period:                                  18 May 2016, 30,000 securities; 18 May
                                                 2017, 25,000 securities; 1 January 2018,
                                                 73,000 securities; and 18 May 2018, 50,000
Class of securities:                             Ordinary shares
Number of share appreciation rights:             32,000
Deemed value per share appreciation right:       R13.97
Vesting period:                                  1 January 2018
Total value of the transaction:                  R2 933 700
Nature of interest:                              Indirect beneficial

Clearance for the above awards in terms of paragraph 3.66 of the Listings Requirements has
been obtained.

19 May 2015

One Capital

Date: 19/05/2015 04:15:00 Supplied by www.sharenet.co.za                     
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