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African Oxygen Limited - Changes To The Board Of Directors

Release Date: 15/06/2017 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?)

CHANGES TO THE BOARD OF DIRECTORS

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements (?Listings
Requirements?), Afrox shareholders (?Shareholders?) are advised of the following changes to the
Afrox board of directors (?Board?).

1.   Resignation of Chairman

     Shareholders are advised of the resignation of Ms Sue Graham Johnston, effective on
     1 September 2017. Ms Graham Johnston, Managing Director of region Africa and United Kingdom
     for Linde Group AG (?Linde Group?), the holding company of Afrox, was appointed as Chairman
     of the Board and a member of the Nominations, Governance and Management of Resources
     Committee on 7 September 2016. The Board would like to express their gratitude to Ms Graham
     Johnston for her valuable contribution to Afrox.

2.   Appointment of Chairman

     Shareholders are further advised that, following the resignation of Ms Graham Johnston,
     Mr Bernd Eulitz has been elected as a member of the Board and will assume the responsibilities
     of Chairman of the Board and a member of the Nominations, Governance and Management of
     Resources Committee with effect from 1 September 2017. Afrox welcomes Mr Eulitz back to the
     Board for his second term as Chairman, a position he previously held between 1 June 2015 and
     7 September 2016.

     Mr Eulitz is a member of the Linde Group board of directors and is head of Linde Group?s region
     Europe, Middle East and Africa. As a result of the positions held by Mr Eulitz, he will not be
     considered an independent Chairman. Accordingly, Dr Khotso Mokhele will remain as the lead
     independent director in terms of the Listings Requirements and the King IV Report on Corporate
     Governance in South Africa, 2016.

     Mr Eulitz brings to the Board a great deal of international experience. He joined Linde Group in
     2004 and since then has held a number of senior posts including, Regional Business Head of the
     Gases Division (South and East Asia), Managing Director (Singapore), Chief Executive Officer of
     PanGas AG (Switzerland) and Head of Sales Region East: Gases Division (Germany).

Johannesburg
15 June 2017

Sponsor
One Capital

Date: 15/06/2017 08:00:00 Supplied by www.sharenet.co.za                     
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