AFX - African Oxygen Limited - Award of shares to a Director

AFX - African Oxygen Limited - Award of shares to a Director                    
AFRICAN OXYGEN LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1927/000089/06)                                            
JSE code: AFX                                                                   
NSX code: AOX                                                                   
ISIN: ZAE000030920                                                              
("the company")                                                                 
AWARD OF SHARES TO A DIRECTOR                                                   
In terms of paragraphs 3.63-3.66 of the Listings Requirements of the JSE        
Limited, the following information relating to a future award of shares to a    
director, subject to shareholder approval as referred to below, is disclosed:   
Director:                          Tjaart Kruger (as of 1 April 2007, executive)
Number of securities:         16 250                                            
Class of securities:               Ordinary                                     
Price of securities and                                                         
issue date:                   To be issued at par in March 2010                 
Interest:                          Direct beneficial                            
Nature of transaction:        Future right to these shares                      
In terms of the JSE Listings Requirements, the award of these shares to Mr.     
Kruger is subject to the prior approval by a 75% majority of votes of all       
shareholders present or represented by proxy at a general meeting or annual     
general meeting and subject also to Mr. Kruger being in the employ of the       
company or another member of the Linde Group on 1 March 2010.                   
Johannesburg                                                                    
30 March 2007                                                                   
Sponsor                                                                         
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 30/03/2007 10:00:54 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.