AFRICAN OXYGEN LIMITED - Results of Annual General Meeting

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 89th annual general meeting (“AGM”) of
Shareholders held on Thursday, 17 May 2018, all the ordinary and special resolutions, as set out in
the notice of AGM dated 3 April 2018, 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

281 810 053                0.01%                    100.00%                  0.00%
(82.20%)


Ordinary resolution number 2: Re-election / confirmation of directors

Ordinary Resolution number 2.1: Confirmation of the appointment of BH Eulitz as a director of the
Company

Shares Voted               Abstained                For                      Against

281 805 195                0.01%                    99.98%                   0.02%
(82.19%)


Ordinary resolution number 2.2: Confirmation of the appointment of M Vogt as a director of the
Company

Shares Voted               Abstained                For                      Against

281 804 831                0.01%                    99.81%                   0.19%
(82.19%)


Ordinary resolution number 2.3: Re-election of NVL Qangule as a director of the Company

Shares Voted               Abstained                For                      Against

281 805 195                0.01%                    99.69%                   0.31%
(82.19%)


Ordinary resolution number 2.4: Re-election of M von Plotho as a director of the Company

Shares Voted               Abstained                For                      Against

281 805 195                0.01%                    99.98%                   0.02%
(82.19%)


Ordinary resolution number 3: Re-appointment of KPMG Inc. as the independent auditors of the
Company and the appointment of Mr P Fourie as the individual designated auditor

Shares Voted               Abstained                For                      Against

263 430 540                5.37%                    97.79%                   2.21%
(76.83%)


Ordinary resolution number 4: Appointment of Audit and Risk Committee members

Ordinary resolution number 4.1: Election of CF Wells as a member of the Audit and Risk
Committee

Shares Voted               Abstained                For                      Against

281 805 195                0.01%                    99.99%                   0.01%
(82.19%)


Ordinary resolution number 4.2: Election of GJ Strauss as a member of the Audit and Risk
Committee

Shares Voted               Abstained                For                      Against

281 805 195                0.01%                    99.99%                   0.01%
(82.19%)


Ordinary resolution number 4.3: Election of NVL Qangule as a member of the Audit and Risk
Committee

Shares Voted               Abstained                For                      Against

281 805 195                0.01%                    99.69%                   0.31%
(82.19%)


Ordinary resolution number 5: Non-binding vote on the remuneration policy

Shares Voted               Abstained                For                      Against

281 805 195                0.01%                    99.87%                   0.13%
(82.19%)


Ordinary resolution number 6: Non-binding vote on the remuneration implementation report

Shares Voted               Abstained                For                      Against

281 805 195                0.01%                    99.87%                   0.13%
(82.19%)


Special resolution number 1: Approval of independent non-executive directors’ fees

Shares Voted               Abstained                For                      Against

281 680 195                0.05%                    100.00%                  0.00%
(82.16%)


Special resolution number 2: General authority to repurchase shares

Shares Voted               Abstained                For                      Against

281 805 195                0.01%                    99.43%                   0.57%
(82.19%)


Special resolution number 3: General authority to provide financial assistance to related or
inter-related companies

Shares Voted               Abstained                For                      Against

281 551 885                0.08%                    99.20%                   0.80%
(82.12%)


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

281 551 885                0.08%                    93.76%                   6.24%
(82.12%)


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
17 May 2018

Sponsor
One Capital

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