Granting of awards to directors and the 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 DIRECTORS AND THE COMPANY SECRETARY In compliance with paragraph 3.63 of the JSE Limited Listings Requirements (“Listings Requirements”), shareholders are advised that certain directors 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 acquired shares, on market, on behalf of certain directors and the Company Secretary. In respect of the Scheme, the release of the acquired shares to the directors and Company Secretary referred to below is conditional upon the aforementioned being employed by the Company on that date and reaching predetermined performance conditions. In order to comply with the Listings Requirements, the directors’ potential interest in these dealings is disclosed below: Name of director B Kimber Name of company Afrox Limited Nature of transaction Purchase Date of transaction 20 November 2012 Number of securities 30 000 Price per securities R20,56 (High) R20,45 (Low) Volume Weighted Average Price of securities R20.54 Total value of transaction R526 221,32 Class of securities Ordinary shares Vesting period 3 years from date of grant Nature of interest Indirect beneficial On/off market transaction On Name of director N A Thomson Name of company Afrox Limited Nature of transaction Purchase Date of transaction 20 November 2012 Number of securities 21 000 Price per securities R20,56 (High) R20,56 (Low) Volume Weighted Average Price of securities R20.56 Total value of transaction R431 760,00 Class of securities Ordinary shares Vesting period 3 years from date of grant Nature of interest Indirect beneficial On/off market transaction On Name of director J Narayadoo Name of company Afrox Limited Nature of transaction Purchase Date of transaction 20 November 2012 Number of securities 12 800 Price per securities R20,56 (High) R20,56 (Low) Volume Weighted Average Price of securities R20.56 Total value of transaction R263 168,00 Class of securities Ordinary shares Vesting period 3 years from date of grant Nature of interest Indirect beneficial On/off market transaction On Name of Company Secretary C Low Name of company Afrox Limited Nature of transaction Purchase Date of transaction 20 November 2012 Number of securities 12 800 Price per securities R20,56 (High) R20,55 (Low) Volume Weighted Average Price of securities R20.56 Total value of transaction R263 155,00 Class of securities Ordinary shares Vesting period 3 years from date of grant Nature of interest Indirect beneficial On/off market transaction On Clearance for the granting the above awards in terms of paragraph 3.66 of the Listings Requirements has been obtained. The above trades were completed outside of a prohibited period. Johannesburg 22 November 2012 Sponsor One Capital Date: 22/11/2012 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.