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AFRICAN OXYGEN LIMITED - Retains R57 million De Beers Group of Companies contract

Release Date: 28/08/2015 07:30:00      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 retains R57 million De Beers Group of Companies contract

Shareholders are advised that Afrox has retained the De Beers Group of Companies
(?De Beers?) contract for the supply of industrial and medical gases, welding
consumables and bulk LPG for the next five (5) years. The contract comes at the
time when De Beers has invested R20 billion in building an underground mine
beneath the operating open pit Venetia operation. The underground operation will
begin production in 2021 continuing well into the 2040s, which will present Afrox with
opportunities to grow the current portfolio. ?We are grateful to retain this business as
it presents Afrox with an opportunity to leverage its capabilities to enhance the
ongoing business relationship,? said Afrox Managing Director, Schalk Venter.

28 August 2015

One Capital

Date: 28/08/2015 07:30:00 Supplied by www.sharenet.co.za                     
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