AFRICAN OXYGEN LIMITED - DEALING IN SECURITIES BY A DIRECTOR

AFRICAN OXYGEN LIMITED - DEALING IN SECURITIES BY A DIRECTOR                    
African Oxygen Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1927/000089/06)                                            
(Share code: AFX ISIN Code: ZAE000030920                                        
("Afrox")                                                                       
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Securities Exchange South Africa, the following information, relating to the    
dealing in securities by a director, is disclosed:                              
Executive director                 R Hogben                                     
Director of                        Afrox                                        
Transaction date                   20 November 2003                             
Strike Price                       R11.75 per share                             
Exercise Price                     R19.80 per share                             
Vesting Period                     4 years                                      
Number of securities               63 000                                       
Value of transaction               R1 247 400                                   
Share Class                        Ordinary shares                              
Nature of transaction         Exercise of options                               
Extent of interest                 Direct beneficial                            
Written clearance to deal          Yes                                          
Johannesburg                                                                    
21 November 2003                                                                
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 21/11/2003 03:40:05 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department