AFRICAN OXYGEN LIMITED - Changes to the board of directors

Changes to the board of directors

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

Afrox shareholders (“Shareholders”) are advised in terms of paragraph 3.59 of the Listings
Requirements of the JSE Limited, the following changes have been made to the Afrox board of directors
(“Board”).

1. Resignation of Chairman

    Shareholders are advised of the resignation of Mr Bernd Eulitz as at 7 September 2016. Mr Eulitz,
    a member of Linde Group AG (“Linde Group”) board of directors and head of Linde Group’s
    operating segment Europe, Middle East and Africa, was appointed Chairman on 1 June 2015 for
    the duration of the restructuring programme. The Board would like to express their gratitude to Mr
    Eulitz for his valuable contribution to Afrox during the restructuring of the Company.

2. Appointment of Chairman

    Shareholders are further advised that Ms Sue Graham Johnston has been elected Chairman of the
    Board and will assume the responsibilities with immediate effect . Ms Graham Johnston is currently
    the Managing Director of Region Africa and United Kingdom (“UK”) for Linde Group, the holding
    company of Afrox.

    Due to the position she holds, Ms Graham Johnston will not be considered an independent
    Chairman. Dr Khotso Mokhele will accordingly remain as the lead independent director in terms of
    the applicable legislation, King Code and international best practice, which Afrox continues to
    uphold.

    Ms Graham Johnston brings with her a great deal of international experience. She joined BOC UK
    & Ireland in June 2015 from Oracle Corporation where she had worked since 2005. She held
    various management positions at Oracle, most recently as Vice President Business Strategy &
    Product Operations for their Telecommunications Global Business Unit. Prior to that, Ms Graham
    Johnston worked for many years in the United States of America, including for Sun Microsystems
    where she worked on New Product Introduction, Quality & Grid Solutions, Value Engineering and
    High End Supply Management. She was also a senior consultant at Bain & Company in San
    Francisco and Hong Kong and also used to work in the UK. She holds degrees in Mechanical
    Engineering & Product Design and Manufacturing Systems Engineering as well as an MBA from
    Stanford University.


Johannesburg
7 September 2016

Sponsor
One Capital

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