AFRICAN OXYGEN LIMITED - Granting of awards to a director and company secretary

Granting of awards to a director and company secretary

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")

GRANTING OF AWARDS TO A DIRECTOR AND COMPANY SECRETARY

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements ("Listings
Requirements"), shareholders are advised that an executive director and the company secretary
may derive a beneficial interest in terms of Afrox's Forfeitable Share Plan (2012) (the "Scheme").

Investec Bank, in their capacity as Escrow agent, has allocated shares, on behalf of the
participants. In respect of the Scheme, the release of the options to the director and the company
secretary is conditional upon being employed by the Company on that date and reaching
predetermined performance conditions. The below allocations are considered to be off-market
transactions.

In order to comply with the Listings Requirements, the potential interest in these dealings is
disclosed below:

 Name of director:                                S Venter
 Name of company:                                 African Oxygen Limited
 Date of grant:                                   18 April 2016
 Date of acceptance:                              20 April 2016
 Nature of transaction:                           Granting of Forfeitable Shares in terms of the
                                                  Scheme
 Number of securities:                            36 000
 Deemed value per security:                       R13.00
 Vesting period:                                  18 April 2019
 Class of securities:                             Ordinary shares
 Number of share appreciation rights:             24 000
 Deemed value per share appreciation right:       R13.00
 Vesting period:                                  18 April 2019
 Total value of the transaction:                  R780 000
 Nature of interest:                              Indirect beneficial


 Name of company secretary:                       C Singh
 Name of company:                                 African Oxygen Limited
 Date of grant:                                   18 April 2016
 Date of acceptance:                              20 April 2016
 Nature of transaction:                           Granting of Forfeitable Shares in terms of the
                                                  Scheme
 Number of securities:                            18 000
 Deemed Value per security:                       R13.00
 Vesting period:                                  18 April 2019
 Class of securities:                             Ordinary shares
 Number of share appreciation rights:             27 000
 Deemed value per share appreciation right:       R13.00
 Vesting period:                                  18 April 2019
 Total value of the transaction:                  R585 000
 Nature of interest:                              Indirect beneficial


Clearance for the above awards in terms of paragraph 3.66 of the Listings Requirements has been
obtained.


Johannesburg
20 April 2016

Sponsor
One Capital

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