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Fri 21 Nov 2003, 15:43 DEALING IN SECURITIES BY A DIRECTOR
AFRICAN OXYGEN LIMITED - DEALING IN SECURITIES BY A DIRECTOR                    
  African Oxygen Limited                                                          
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1927/000089/06)                                            
  (Share code: AFX ISIN Code: ZAE000030920                                        
  ("Afrox")                                                                       
  DEALING IN SECURITIES BY A DIRECTOR                                             
  In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
  Securities Exchange South Africa, the following information, relating to the    
  dealing in securities by a director, is disclosed:                              
  Executive director                 R Hogben                                     
  Director of                        Afrox                                        
  Transaction date                   20 November 2003                             
  Strike Price                       R11.75 per share                             
  Exercise Price                     R19.80 per share                             
  Vesting Period                     4 years                                      
  Number of securities               63 000                                       
  Value of transaction               R1 247 400                                   
  Share Class                        Ordinary shares                              
  Nature of transaction         Exercise of options                               
  Extent of interest                 Direct beneficial                            
  Written clearance to deal          Yes                                          
  Johannesburg                                                                    
  21 November 2003                                                                
  Sponsor                                                                         
  Nedbank Corporate                                                               
  Date: 21/11/2003 03:40:05 PM Produced by the JSE SENS Department                
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