AFRICAN OXYGEN LIMITED - Increase in dividend withholding tax

Increase in dividend withholding tax

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”)

INCREASE IN DIVIDEND WITHHOLDING TAX

Shareholders are advised that following the announcement by the South African Minister of Finance on
22 February 2017, the dividend withholding tax rate increased from 15% to 20%, with effect from
22 February 2017.

Shareholders are referred to Afrox’s audited results for the year ended 31 December 2016, released
on SENS on 23 February 2017 (“Results”), wherein the board of directors declared a final gross cash
dividend of 56.0 cents per share.

In light of the above, shareholders are advised that the net dividend will therefore be 44.8 cents per
share for shareholders who are not exempt from dividend tax.

All other information contained in the Results remains unchanged.


Johannesburg
27 February 2017

Sponsor
One Capital

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