Changes to the board of directors 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”) CHANGES TO THE BOARD OF DIRECTORS In accordance with paragraph 3.59 of the JSE Limited Listings Requirements (“Listings Requirements”), Afrox shareholders (“Shareholders”) are advised of the following changes to the Afrox board of directors (“Board”). 1. Resignation of Chairman Shareholders are advised of the resignation of Ms Sue Graham Johnston, effective on 1 September 2017. Ms Graham Johnston, Managing Director of region Africa and United Kingdom for Linde Group AG (“Linde Group”), the holding company of Afrox, was appointed as Chairman of the Board and a member of the Nominations, Governance and Management of Resources Committee on 7 September 2016. The Board would like to express their gratitude to Ms Graham Johnston for her valuable contribution to Afrox. 2. Appointment of Chairman Shareholders are further advised that, following the resignation of Ms Graham Johnston, Mr Bernd Eulitz has been elected as a member of the Board and will assume the responsibilities of Chairman of the Board and a member of the Nominations, Governance and Management of Resources Committee with effect from 1 September 2017. Afrox welcomes Mr Eulitz back to the Board for his second term as Chairman, a position he previously held between 1 June 2015 and 7 September 2016. Mr Eulitz is a member of the Linde Group board of directors and is head of Linde Group’s region Europe, Middle East and Africa. As a result of the positions held by Mr Eulitz, he will not be considered an independent Chairman. Accordingly, Dr Khotso Mokhele will remain as the lead independent director in terms of the Listings Requirements and the King IV Report on Corporate Governance in South Africa, 2016. Mr Eulitz brings to the Board a great deal of international experience. He joined Linde Group in 2004 and since then has held a number of senior posts including, Regional Business Head of the Gases Division (South and East Asia), Managing Director (Singapore), Chief Executive Officer of PanGas AG (Switzerland) and Head of Sales Region East: Gases Division (Germany). Johannesburg 15 June 2017 Sponsor One Capital Date: 15/06/2017 08:00:00 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.