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African Oxygen Limited - Afrox Secures R1.1 Billion Lpg Contracts

Release Date: 09/09/2016 08:00:00      Code(s): AFX     
AFRICAN OXYGEN LIMITED
(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 SECURES R1.1 BILLION LPG CONTRACTS

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

    -   A ten-year agreement to supply liquefied petroleum gas (?LPG?) to a major distributor in
        Lesotho. The contract with Gordons Enterprise is worth R1 billion and will secure a new LPG
        filling site in the Maseru industrial development zone, thus providing a significant increase in
        storage, to supply the increased demand in the area.

    -   A five-year agreement to supply LPG to a distributor partner in Mthatha, in the Eastern Cape.
        The contract is worth R100 million and will enable volume availability of LPG to rise by
        approximately 100% in the area.

Afrox Managing Director, Schalk Venter said: ?These two contracts demonstrate our ability to grow
existing business with strategic partners, and enabling this is our supply-on-demand contract with global
LPG supplier Petredec. Since May 2016 we have imported 30% of our LPG needs via Petredec and
BTT in Richards Bay and this security of supply will be an engine for growth in the LPG market for
Afrox.?

Johannesburg
9 September 2016

Sponsor
One Capital

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