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AFRICAN OXYGEN LIMITED - Afrox signs LPG and nitrogen contracts

Release Date: 12/05/2016 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


LPG contract

Shareholders are advised that Afrox has signed an import agreement with Petredec Limited, one of the
largest global liquefied petroleum gas (?LPG?) traders, and Bidvest Tank Terminals, the owners of the
current import facility leased by Afrox, to ensure security of supply of LPG for existing customers in
South Africa and to provide the ability to grow Afrox?s LPG business.

?This agreement is beneficial to Afrox customers, providing security of supply in times of shortages,?
said Afrox Managing Director, Schalk Venter. ?Afrox now has the flexibility to import large volumes at
short notice when faced with short-term unplanned local supply shortages. It also means improved
logistics planning will give Afrox the ability to support our LPG growth agenda in South Africa and other
emerging African economies.?

Nitrogen contract

Shareholders are further advised that Afrox has gained the contract to supply bulk Nitrogen to Limpopo-
based frozen fruits exporter, Westfalia Fruit Products (Pty) Limited. The 5-year 10-tonnes-a-day
contract, based on Linde-patented Cryowave technology, marks Afrox?s continued expansion into this
growth sector.

12 May 2016

One Capital

Date: 12/05/2016 07:30:00 Supplied by www.sharenet.co.za                     
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