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AFRICAN OXYGEN LIMITED - Afrox signs major helium contract

Release Date: 04/05/2016 07:30:00      Code(s): AFX     
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
ISIN: ZAE000067120


Shareholders are advised that Afrox has signed a contract with alternative energy company Renergen
Limited, through its subsidiary TETRA 4 (Pty) Limited (?TETRA 4?), for the commercialisation of the
Free State Helium and Natural Gas (?NG?) field.

The 187,000 hectare Helium/NG field in Virginia, near Welkom, has proven reserves of 25 billion cubic
feet of Natural Gas and Helium and the contract will enable Afrox to locally source and supply Helium
to numerous specialised and industrial markets by 2018/19.

?The discovery and commercialisation of the Free State onshore Helium source is great news for
industry, healthcare and the South African economy as a whole,? said Afrox Managing Director, Schalk
Venter. ?The signing of this agreement marks a historic moment in bolstering South Africa?s self-
sufficiency in terms of Helium production.?

Under the agreement, TETRA 4 has contracted the Helium offtake to The Linde Group, via its Global
Helium business. JSE listed Afrox, a member of The Linde Group, will operate the processing plant and
market the Helium.

4 May 2016

One Capital

Date: 04/05/2016 07:30:00 Supplied by www.sharenet.co.za                     
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