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AFRICAN OXYGEN LIMITED - Trading statement

Release Date: 29/01/2016 14:50:00      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 terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are satisfied that, with a reasonable degree of certainty,
the financial results for the current reporting period will differ by at least 20% from the financial results
of the previous corresponding period.

Afrox is in the process of finalising their results for the 12 months ended 31 December 2015 and
shareholders are accordingly advised that the Company expects to report:

    -   earnings per share to be between 131 cents and 136 cents per share, the aforementioned
        being 388% and 407% higher than the 26.8 cents per share for the previous corresponding
        period, respectively; and
    -   headline earnings per share to be between 135 cents and 142 cents per share, the
        aforementioned being 272% and 292% higher than the 36.2 cents per share for the previous
        corresponding period, respectively.

The increase in forecast earnings per share and headline earnings per share is largely due the
improvement in margins as a result of the reduction in fixed costs and the successful finalisation of
the restructuring activities.

The above information has not been reviewed or reported on by the Company?s auditors. The
Company?s Results are expected to be published on or about 29 February 2016.

29 January 2016

One Capital

Date: 29/01/2016 02:50:00 Supplied by www.sharenet.co.za                     
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