Results of annual general meeting 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”) RESULTS OF ANNUAL GENERAL MEETING Afrox shareholders (“Shareholders”) are advised that at the 86th annual general meeting (“AGM”) of Shareholders held on Thursday, 28 May 2015, all the ordinary and special resolutions, as set out in the notice of AGM dated 13 April 2015, were approved by the requisite majority of Shareholders present or represented by proxy. The total number of Afrox shares eligible to vote at the AGM is 342 852 910. The number of shares voted in person or by proxy was 269 767 126 representing 78.68% of the total issued share capital of the same class of Afrox. All resolutions proposed at the AGM, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are as follows: Ordinary resolution number 1: Adoption of Annual Financial Statements Shares Voted Abstained For Against 269 767 126 0.00% 100.00% 0.00% (78.68%) Ordinary resolution number 2: Confirmation or re-election of directors Ordinary Resolution number 2.1: Confirmation of the appointment of NV Lila Qangule as a director of the Company Shares Voted Abstained For Against 269 767 126 0.00% 100.00% 0.00% (78.68%) Ordinary resolution number 2.2: Confirmation of the appointment of GJ Strauss as a director of the Company Shares Voted Abstained For Against 269 767 126 0.00% 100.00% 0.00% (78.68%) Ordinary resolution number 2.3: Re-election of CF Wells as a director of the Company Shares Voted Abstained For Against 269 767 126 0.00% 99.56% 0.44% (78.68%) Ordinary resolution number 2.4: Re-election of MS Huggon as a director of the Company Shares Voted Abstained For Against 269 767 126 0.00% 100.00% 0.00% (78.68%) Ordinary resolution number 2.5: Confirmation of the appointment of SM Venter as a director of the Company Shares Voted Abstained For Against 269 767 126 0.00% 100.00% 0.00% (78.68%) Ordinary resolution number 3: Re-appointment of KPMG Inc. as independent auditors of the Company Shares Voted Abstained For Against 269 767 126 0.00% 100.00% 0.00% (78.68%) Ordinary resolution number 4: Appointment of Audit Committee members Ordinary resolution number 4.1: Election of CF Wells as a member of the Audit Committee Shares Voted Abstained For Against 269 767 126 0.00% 99.56% 0.44% (78.68%) Ordinary resolution number 4.2: Election of NV Lila Qangule as a member of the Audit Committee Shares Voted Abstained For Against 269 767 126 0.00% 100.00% 0.00% (78.68%) Ordinary resolution number 4.3: Election of GJ Strauss as a member of the Audit Committee Shares Voted Abstained For Against 269 767 126 0.00% 100.00% 0.00% (78.68%) Ordinary resolution number 5: Non-binding vote on the approval of the remuneration policy Shares Voted Abstained For Against 269 765 626 0.00044% 92.26% 7.74% (78.68%) Special resolution number 1: Remuneration of independent non-executive directors’ fees Shares Voted Abstained For Against 269 767 126 0.00% 100.00% 0.00% (78.68%) Special resolution number 2: General authority to repurchase shares Shares Voted Abstained For Against 269 765 518 0.00047% 97.97% 2.03% (78.68%) Special resolution number 3: General authority to provide financial assistance to related or inter-related companies Shares Voted Abstained For Against 269 767 018 0.00003% 100.00% 0.00% (78.68%) Special resolution number 4: Authority to provide financial assistance in connection with the purchase of the Company’s securities on the market Shares Voted Abstained For Against 264 296 233 1.59570% 92.37% 7.63% (77.09%) Notes - Percentages of shares voted are calculated in relation to the total issued share capital of Afrox eligible to vote. - Percentage of shares for and against are calculated in relation to the total number of shares voted at the AGM. - Abstentions are calculated as a percentage in relation to the total issued share capital of Afrox eligible to vote. Johannesburg 28 May 2015 Sponsor One Capital Date: 28/05/2015 02:25:00 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.