AFRICAN OXYGEN LIMITED - Conclusion of a settlement agreement
AFX 201611240006A
Conclusion of a settlement agreement
AFRICAN OXYGEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
ISIN: ZAE000067120
(“Afrox”)
CONCLUSION OF A SETTLEMENT AGREEMENT
Afrox informs shareholders that ArcelorMittal South Africa (“AMSA”) and Afrox have reached an
agreement regarding the early termination of the supply contracts dispute, which has resulted in a full
and final settlement of all legal proceedings between the parties.
Under the agreement, AMSA settled Afrox’s claims in a number of tranches to the total amount of
R165 000 000 (excluding VAT).
Johannesburg
24 November 2016
Sponsor
One Capital
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