Change 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 “Group”) CHANGE TO THE BOARD OF DIRECTORS In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, Afrox shareholders are advised of the resignation of Mr Matthias Vogt, the Group Financial Director of Afrox, with effect from 31 March 2020. Mr Vogt is returning to Europe to pursue other opportunities within The Linde Group. Mr Vogt has been the Group Financial Director and an executive director of Afrox since 1 August 2017. Mr Vogt will be serving his notice period until the end of March 2020 and the board of directors of Afrox (“Board”) would like to express its sincere gratitude to Mr Vogt for his valuable contribution to the Group during his tenure, wherein Afrox made significant progress and achieved a successful and sustainable turnaround. The Board wishes him well in his future endeavours. Afrox has appropriate succession planning in place within the finance function and is confident that a new Group Financial Director will be appointed shortly to effect a smooth handover process. Johannesburg 31 October 2019 Sponsor One Capital Date: 31/10/2019 11:15:00 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.