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 88th annual general meeting (“AGM”) of Shareholders held on Thursday, 25 May 2017, all the ordinary and special resolutions, as set out in the notice of AGM dated 23 February 2017, were approved by the requisite majority of Shareholders present or represented by proxy. 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 the annual financial statements Shares Voted Abstained For Against 278 029 087 0.01% 100.00% 0.00% (81.09%) Ordinary resolution number 2: Re-election / confirmation of directors Ordinary Resolution number 2.1: Confirmation of the appointment of SPG Johnston as a director of the Company Shares Voted Abstained For Against 278 029 371 0.01% 99.87% 0.13% (81.09%) Ordinary resolution number 2.2: Confirmation of the appointment of VN Fakude as a director of the Company Shares Voted Abstained For Against 278 029 371 0.01% 99.99% 0.01% (81.09%) Ordinary resolution number 2.3: Re-election of GJ Strauss as a director of the Company Shares Voted Abstained For Against 278 029 371 0.01% 99.99% 0.01% (81.09%) Ordinary resolution number 2.4: Re-election of CF Wells as a director of the Company Shares Voted Abstained For Against 278 029 371 0.01% 99.99% 0.01% (81.09%) Ordinary resolution number 2.5: Re-election of RJN Gearing as a director of the Company Shares Voted Abstained For Against 278 029 371 0.01% 99.99% 0.01% (81.09%) Ordinary resolution number 3: Re-appointment of KPMG Inc. as independent auditors of the Company Shares Voted Abstained For Against 278 029 371 0.01% 99.87% 0.13% (81.09%) 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 278 029 371 0.01% 99.99% 0.01% (81.09%) Ordinary resolution number 4.2: Election of GJ Strauss as a member of the Audit Committee Shares Voted Abstained For Against 278 029 371 0.01% 99.99% 0.01% (81.09%) Ordinary resolution number 4.3: Election of NVL Qangule as a member of the Audit Committee Shares Voted Abstained For Against 278 029 371 0.01% 99.99% 0.01% (81.09%) Ordinary resolution number 5: Non-binding vote on the remuneration policy Shares Voted Abstained For Against 278 012 206 0.02% 90.14% 9.86% (81.09%) Special resolution number 1: Approval of independent non-executive directors’ fees Shares Voted Abstained For Against 278 028 787 0.01% 100.00% 0.00% (81.09%) Special resolution number 2: General authority to repurchase shares Shares Voted Abstained For Against 278 029 087 0.01% 97.81% 2.19% (81.09%) Special resolution number 3: General authority to provide financial assistance to related or inter-related companies Shares Voted Abstained For Against 278 029 087 0.01% 99.99% 0.01% (81.09%) 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 278 028 727 0.01% 91.01% 8.99% (81.09%) Notes - Percentages of shares voted are calculated in relation to the total issued share capital of Afrox. - Percentages of shares for and against are calculated in relation to the total number of shares voted for each resolution. - Abstentions are calculated as a percentage in relation to the total issued share capital of Afrox. Johannesburg 25 May 2017 Sponsor One Capital Date: 25/05/2017 12:02:00 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.