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African Oxygen Limited - Trading Statement

Release Date: 02/08/2016 09:30:00      Code(s): AFX     
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
ISIN: ZAE000067120
(?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 6 months ended 30 June 2016 (?Results?) and
shareholders are accordingly advised that the Company expects to report:

    -   earnings per share (?EPS?) to be between 72 cents and 79 cents per share, the afore
        mentioned being 106% and 126% higher than the 35 cents per share for the previous
        corresponding period, respectively; and
    -   headline earnings per share to be between 71 cents and 78 cents per share, the afore
        mentioned being 90% and 109% higher than the 37 cents per share for the previous 
        corresponding period, respectively.

The increase in EPS is largely due to improved margins, as a result of the restructuring initiatives
initiated in 2015. The previous corresponding period includes expenditure in respect of the
restructuring provisions, where such expenditure was not incurred in the 6 months ended
30 June 2016.

The above information has not been reviewed or reported on by the Company?s auditors. The Results
are expected to be published on or about 8 September 2016.

2 August 2016

One Capital

Date: 02/08/2016 09:30:00 Supplied by www.sharenet.co.za                     
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