AFRICAN OXYGEN LIMITED - Granting of awards to a director and company secretary

Granting of awards to a director and company secretary

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”)

GRANTING OF AWARDS TO A DIRECTOR AND COMPANY SECRETARY

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings
Requirements”), shareholders are advised that an executive director and the company secretary
may derive a beneficial interest in terms of Afrox's Forfeitable Share Plan (2012) (the “Scheme”).

Investec Bank, in their capacity as Escrow agent, has allocated shares, on behalf of the
participants. In respect of the Scheme, the release of the options to the director and the company
secretary is conditional upon being employed by the Company on that date and reaching
predetermined performance conditions. The below allocations are considered to be off-market
transactions.

In order to comply with the Listings Requirements, the potential interest in these dealings is
disclosed below:

Name of director:                                S Venter
Name of company:                                 African Oxygen Limited
Date of grant:                                   1 March 2018
Date of acceptance:                              2 March 2018
Nature of transaction:                           Granting of Forfeitable Shares in terms of the
                                                 Scheme
Number of securities:                            79 329
Deemed value per security:                       R28.83
Vesting period:                                  1 March 2021
Class of securities:                             Ordinary shares
Total value of the transaction:                  R2 287 055.07
Nature of interest:                              Indirect beneficial

Name of company secretary:                       C Singh
Name of company:                                 African Oxygen Limited
Date of grant:                                   1 March 2018
Date of acceptance:                              2 March 2018
Nature of transaction:                           Granting of Forfeitable Shares in terms of the
                                                 Scheme
Number of securities:                            28 104
Deemed value per security:                       R28.83
Vesting period:                                  1 March 2021
Class of securities:                             Ordinary shares
Total value of the transaction:                  R810 238.32
Nature of interest:                              Indirect beneficial

Clearance for the above awards in terms of paragraph 3.66 of the Listings Requirements has
been obtained.


Johannesburg
2 March 2018

Sponsor
One Capital

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