Afrox - Media Release

Afrox - Media Release                                                           
African Oxygen Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1927/000089/06)                                            
ISIN Code: ZAE000030920                                                         
South African Share Code: AFX                                                   
Namibian Share Code: AOX                                                        
("Afrox" or "the Company")                                                      
14 JULY 2003                                                                    
African Oxygen Limited (Afrox) and Afrox Healthcare Limited have today issued a 
joint cautionary announcement that advises that Afrox is in the process of      
considering its strategic options with regard to its shareholding in Afrox      
Healthcare Limited.                                                             
These discussions may or may not lead to a change in the shareholding of Afrox  
in Afrox Healthcare Limited.                                                    
Afrox Managing Director, Rick Hogben, says  "Afrox Healthcare is a successful   
business and has delivered good returns for Afrox but, as one would expect, the 
Board continually assesses the markets and businesses in which we operate.      
"In terms of good corporate governance, the cautionary announcement was issued  
to protect current and prospective investors in both Afrox and Afrox Healthcare.
It is not an indication that any corporate action will necessarily emanate from 
the strategic review process.                                                   
"I take this opportunity to assure our employees in Afrox Healthcare and our    
supporting doctors that we are fully aware of their importance to the company   
and are taking that into account in our deliberations."                         
ends                                                                            
Issued by                                                                       
African Oxygen Limited                                                          
Date: 14/07/2003 09:01:03 AM Supplied by www.sharenet.co.za                     
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