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AFRICAN OXYGEN LIMITED - Conclusion of a settlement agreement

Release Date: 24/11/2016 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 informs shareholders that ArcelorMittal South Africa (?AMSA?) and Afrox have reached an
agreement regarding the early termination of the supply contracts dispute, which has resulted in a full
and final settlement of all legal proceedings between the parties.

Under the agreement, AMSA settled Afrox?s claims in a number of tranches to the total amount of
R165 000 000 (excluding VAT).

24 November 2016

One Capital

Date: 24/11/2016 08:00:00 Supplied by www.sharenet.co.za                     
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