A more detailed announcement setting out the key terms of an agreement between AngloGold and the Government of Ghana to facilitate the expeditious and optimal development of the Obuasi mine's deep level ore reserves, will be made in due course.
Shareholders are advised to continue to exercise caution when dealing in AngloGold's securities until a further announcement is made.
Johannesburg
29 October 2003
For a discussion of important terms of the Merger and important factors and risks involved in
the companies' businesses, which could cause the combined group's actual operating and
financial results to differ materially from such forward-looking statements, refer to AngloGold's
and Ashanti's filings with the US Securities and Exchange Commission (the "SEC"), including
AngloGold's annual report on Form 20-F for the year ended 31 December 2002, filed with the
SEC on 7 April 2003 and Ashanti's annual report on Form 20-F for the year ended
31 December 2002, filed with the SEC on
17 June 2003 and any other documents in respect of the Merger that are furnished to the SEC by AngloGold or Ashanti under cover of Form6-K.
Neither AngloGold, Ashanti nor the combined group undertakes any obligation to update publicly or release any revisions to publicly update any forward-looking statements discussed in this announcement, whether as a result of new information, future events or otherwise.
ADDITIONAL INFORMATION
In connection with the Merger, AngloGold will file with, or otherwise furnish to, the SEC a scheme document/prospectus. Investors and security holders are urged to carefully read the scheme document/prospectus regarding the Merger when it becomes available, because it will contain important information. Investors and security holders may obtain a free copy of the scheme document/prospectus (when it is available) and other documents containing information about AngloGold and Ashanti, without charge, at the SEC's website at www.sec.gov. Copies of the scheme document/prospectus together with any SEC filings that may be incorporated by reference in the scheme document/prospectus may also be obtained free of charge by directing a request to: AngloGold Limited, 11 Diagonal Street, Johannesburg 2001, PO Box 62117, Marshalltown 2107, South Africa, Attention: Chris R. Bull, Company Secretary, telephone +27 11 637 6000, fax: +27 11 637 6624.
UBS Investment Bank and First Africa Group Holdings (Pty) Limited ("First Africa") are acting for AngloGold and no one else in connection with the Merger and will not be responsible to anyone other than AngloGold for providing the protections afforded to clients of UBS Investment Bank or First Africa or for providing advice in relation to the Merger.