AFRICAN OXYGEN LIMITED - Change to the board of directors

Change 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 “Group”)

CHANGE TO THE BOARD OF DIRECTORS

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, Afrox shareholders are
advised that following the resignation of Mr Matthias Vogt as Group Financial Director of Afrox
(“Group FD”) with effect from 31 March 2020, as published on SENS on 31 October 2019,
Mr Magnus von Stenglin, has been appointed as the Group FD and executive director of Afrox, with
effect from 14 April 2020.

Mr Stenglin joined Afrox in February 2020 as Finance General Manager and brings a wealth of
relevant experience to his new role as Group FD. Mr Vogt will remain in The Linde Group (“Linde”)
following his resignation and will assist the Company, where necessary, pending the transition of
Mr Stenglin into his new role.

Mr Stenglin joined Linde, Afrox’s holding company, during 2011 as an Analyst in the Mergers &
Acquisitions department. He executed several small-cap bolt-on acquisitions and supported the
financial workstream in the Due Diligence department for Linde’s acquisitions of US based Homecare
provider, Lincare Holdings Incorporated and Air Products’ Continental-European homecare business.
From mid 2013 to mid 2015 Mr Stenglin held a position as Senior Financial Analyst for Linde in the
North America region, headquartered in New Jersey, and he drove the automation of the planning &
forecasting process through the implementation of a state-of-the-art business performance
management software.

Since 2015 he has held a number of senior finance positions with Linde’s Operating Segment EMEA,
supporting the antitrust approval process with the European Commission for Linde’s merger with its
United States based competitor Praxair, forming Linde plc. Subsequently, he drove the integration of
Linde plc’s management reporting and planning activities with a strong focus on Capital Markets
requirements. During this time at Linde plc, Mr Stenglin gained broad experience in driving
automation of procedures using modern tools to ensure high quality information for efficient decision
making. Furthermore, he has a strong international background and understands the needs of
dynamic and changing business environments. Mr Stenglin holds a Diploma in Finance (Major) and
Chemistry (Minor) from Technical University of Munich.

The Afrox board of directors (“Board”) welcomes Mr Stenglin as the Group FD and as a new member
of the Board.


Johannesburg
3 March 2020

Sponsor
One Capital

Date: 03-03-2020 12:45:00
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