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AFRICAN OXYGEN LIMITED - Afrox signs supply contracts

Release Date: 08/09/2016 08:00:00      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?)


Afrox is pleased to announce to shareholders that the Company has:

    -   Signed a ten-year R45 million liquefied petroleum gas (?LPG?) supply agreement, with one of
        South Africa?s largest poultry producers, which supplies stores such as Woolworths, Nandos
        and OBC. Under the agreement, Afrox will also erect 16 bulk tanks. "We are proud to be the
        supplier of choice to one of South Africa's success story businesses," said Afrox Managing
        Director, Schalk Venter. "Not only did we retain their business in the face of fierce competition
        but we have grown it and extended the contract."

    -   Signed agreements to supply a major concentrated solar power project with pressure storage
        vessels, Nitrogen and LPG. The contract with the Northern Cape solar power project is worth
        R59 million. The project, to construct a 100 MW parabolic trough plant with a five-hour
        thermal energy storage system using molten salts, will form part of the largest solar complex
        in Africa.

    -   Signed a five-year R60 million agreement to supply a national network of petrol stations with
        Handigas for onward sale to forecourt customers. The deal, which will run until 2021, and will
        see Afrox?s LPG brand Handigas being made available at 244 garages across South Africa.
        "Handigas is a brand synonymous with product excellence, service and safety and Afrox is
        delighted this national petrol station chain has chosen to partner with us to supply Handigas
        to their customers,? said Schalk Venter.

    -   Signed a five-year R24 million agreement to supply a South African petrochem company with
        welding consumables. The supply contract will run until 2021.

8 September 2016

One Capital

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