African Oxygen Limited - Trading Update

African Oxygen Limited - Trading Update                                         
AFRICAN OXYGEN LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1927/000089/06)                                            
JSE Share code: AFX                                                             
NSX Share code: AOX                                                             
ISIN: ZAE000030920                                                              
("Afrox" or "the company" or "the Group")                                       
AFROX TRADING UPDATE                                                            
Afrox"s interim results for the six months ended 31 March 2005 are expected to  
be released on 29 April 2005.                                                   
In compliance with the Listings Requirements of the JSE Securities Exchange     
South Africa and in respect of the six months ended 31 March 2005, the Group is 
pleased to advise shareholders that basic earnings per share are expected to be 
261 cents higher than those reported for the previous corresponding period.  The
major reason for the growth in basic earnings per share is due to the           
exceptional surplus that was realised from the disposal of the healthcare       
investment ("the disposal").  The headline earnings per share will not be       
impacted by the exceptional surplus from the disposal.                          
Shareholders are advised that the forecast financial information contained in   
this trading update has neither been reviewed nor reported on by the company"s  
external auditors.                                                              
Johannesburg                                                                    
12 April 2005                                                                   
Sponsor                                                                         
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 12/04/2005 05:15:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department