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African Oxygen Limited - Trading Statement

Release Date: 30/01/2017 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?)


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 year ended 31 December 2016 (?Results?) and
shareholders are accordingly advised that the Company expects to report:

   -   earnings per share (?EPS?) to be between 186 cents and 199 cents per share, the afore
       mentioned being 39% and 49% higher than the 134 cents per share for the previous
        corresponding period, respectively; and
   -   headline earnings per share to be between 182 cents and 196 cents per share, the afore
       mentioned being 31% and 41% higher than the 139 cents per share for the previous
       corresponding period, respectively.

The increase in EPS is largely due to improved margins from operational efficiencies and a reduction
in fixed costs, as a result of the restructuring initiatives initiated in previous corresponding period,
together with the settled litigation.

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 22 February 2017.

30 January 2017

One Capital

Date: 30/01/2017 08:00:00 Supplied by www.sharenet.co.za                     
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