ANGLO AMERICAN PLC - Anglo American Platinum agrees sale of Union mine to Siyanda Resources

Anglo American Platinum agrees sale of Union mine to Siyanda Resources

Anglo American plc
(Incorporated in England and Wales)
(Registration number: 3564138)
Registered office: 20 Carlton House Terrace, London, SW1Y 5AN
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

Anglo American Platinum agrees sale of Union mine to Siyanda Resources

Anglo American plc (“Anglo American”) notes Anglo American Platinum’s announcement of its
agreement to sell its 85% interest in the Union Mine in South Africa and 50.1% interest in MASA
Chrome Company to a subsidiary of Siyanda Resources (“Siyanda”) (“the Transaction”). Anglo
American Platinum will retain the Mortimer smelter operation.

Under the terms of the Transaction, the consideration comprises an initial purchase price of
R400 million (approximately $30 million) in cash, as well as a deferred consideration based on
35% of cumulative distributable free cash flow paid annually as an earn-out, for a period of ten
years from the completion date of the Transaction.

Siyanda will sell concentrate produced by the Union Mine to Anglo American Platinum for a period
of seven years from the completion date of the Transaction on pre-agreed commercial terms,
thereafter Anglo American Platinum will toll treat concentrate for the remaining life of Union Mine.

The Transaction is subject to conditions precedent typical of a transaction of this nature, including
regulatory approval in South Africa, and is expected to complete during 2017.

The Transaction is a smaller related party transaction under UK Listing Authority Listing Rule
11.1.10.R as the Public Investment Corporation, a substantial shareholder of Anglo American, is
a 30% shareholder in Siyanda and Siyanda is the current 49.9% shareholder in MASA Chrome,
a subsidiary of Anglo American.

For further information, please contact:

Media                                                                                  Investors
UK                                                                                     UK
James Wyatt-Tilby                                                                      Paul Galloway
james.wyatt-tilby@angloamerican.com                                                    paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759                                                               Tel: +44 (0)20 7968 8718

Marcelo Esquivel                                                                       Trevor Dyer
marcelo.esquivel@angloamerican.com                                                     trevor.dyer@angloamerican.com
Tel: +44 (0)20 7968 8891                                                               Tel: +44 (0)20 7968 8992

South Africa                                                                           Sheena Jethwa
Pranill Ramchander                                                                     sheena.jethwa@angloamerican.com
pranill.ramchander@angloamerican.com                                                   Tel: +44 (0)20 7968 8680


Tel: +27 (0)11 638 2592

Ann Farndell
ann.farndell@angloamerican.com
Tel: +27 (0)11 638 2786

Notes to editors:
Anglo American is a globally diversified mining business. Our portfolio of world-class competitive
mining operations and undeveloped resources provides the raw materials to meet the growing
consumer-driven demands of the world’s developed and maturing economies. Our people are at
the heart of our business. It is our people who use the latest technologies to find new resources,
plan and build our mines and who mine, process and move and market our products – from
diamonds (through De Beers) to platinum and other precious metals and copper – to our
customers around the world.

As a responsible miner, we are the custodians of those precious resources. We work together
with our key partners and stakeholders to unlock the long-term value that those resources
represent for our shareholders, but also for the communities and countries in which we operate
– creating sustainable value and making a real difference.

www.angloamerican.com



15 February 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15/02/2017 09:45:00 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.