Dealings in securities by the Afrox Share Appreciation Right Plan (2012) 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”) DEALINGS IN SECURITIES BY THE AFROX SHARE APPRECIATION RIGHT PLAN (2012) In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings Requirements”), shareholders are hereby advised of the following dealings in Afrox securities by the Afrox Share Appreciation Right Plan (2012): Name of entity: Afrox Share Appreciation Right Plan (2012) Name of company: African Oxygen Limited Nature of the transactions: On-market purchase Class of securities: Ordinary shares Nature of interest: Indirect beneficial Transaction 1 Date of transaction: 20 September 2017 Number of securities: 173 762 Price per security: Various different trades with the following price information: - volume weighted average price of R23.9207; - highest price of R23.95; and - lowest price of R23.90. Total value: R4 156 508.67 Transaction 2 Date of transaction: 21 September 2017 Number of securities: 108 725 Price per security: Various different trades with the following price information: - volume weighted average price of R23.9982; - highest price of R24.00; and - lowest price of R23.99. Total value: R2 609 204.30 Clearance for the above dealings in terms of paragraph 3.66 of the Listings Requirements was obtained. Johannesburg 26 September 2017 Sponsor One Capital Date: 26/09/2017 04:40:00 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.