Trading statement 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”) TRADING STATEMENT In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that, with a reasonable degree of certainty, the financial results for the current reporting period will differ by at least 20% from the financial results of the previous corresponding period. Afrox is in the process of finalising their results for the half year ended 30 June 2017 (“Results”) and shareholders are accordingly advised that the Company expects to report: - earnings per share (“EPS”) to be between 93.0 cents and 103.0 cents per share, the afore mentioned being 20% and 32% higher than the 77.8 cents per share for the previous corresponding period, respectively; and - headline earnings per share (“HEPS”) to be between 92.0 cents and 102.0 cents per share, the afore mentioned being 20% and 33% higher than the 76.5 cents per share for the previous corresponding period, respectively. The increase in EPS and HEPS is largely due to an increase in volumes in most areas of the business, improved operational efficiencies together with an increase in interest earned. The above information has not been reviewed or reported on by the Company’s auditors. The Results are expected to be published on or about 8 September 2017. Johannesburg 18 August 2017 Sponsor One Capital Date: 18/08/2017 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.