ANGLOGOLD SET TO ACHIEVE 100% OF ACACIA

NEWS RELEASE
CORPORATE COMMUNICATIONS DEPARTMENT
1ST FLOOR, 11 DIAGONAL STREET
JOHANNESBURG 2001
TELEPHONE: (+27 11) 637-6379
FAX: (+27 11) 637 6399/6400
SKB/CCD/AG0115.99
23 DECEMBER 1999
WWW.ANGLOGOLD.COM
QUERIES :
SHELAGH BLACKMAN
(+27 11) 637 6379 (W)
(+27) 83 308 2479 (M)
STEVE LENAHAN
(+1 917) 368 8075 (W)
(+1 732) 740 1568 (M)
CHARLES CARTER
(+1 800) 417 9255 (TOLL-FREE)
(+1 303) 888 7412 (M)
BRIAN MAHONEY, FCR
(+61 2) 9235 1666 (W)
(+61) 413 437 627 (M)
ANGLOGOLD SET TO ACHIEVE 100% OF ACACIA

SOUTH AFRICAN-BASED ANGLOGOLD ANNOUNCED TODAY THAT, HAVING RECEIVED ACCEPTANCES
FOR MORE THAN 90% OF THE SHARES IN ACACIA, IT WILL INITIATE COMPULSORY
ACQUISITION PROCEDURES TO ACQUIRE THE OUTSTANDING SHARES AFTER THE OFFER CLOSES
ON FRIDAY, 24 DECEMBER 1999.

REMAINING ACACIA SHAREHOLDERS CAN EXPECT TO RECEIVE COMPULSORY ACQUISITION
DOCUMENTS AS EARLY AS NEXT WEEK.

ANGLOGOLD CEO BOBBY GODSELL SAID: "I AM DELIGHTED THAT OUR OFFER HAS BEEN SO
SUCCESSFUL AND THAT WE WILL ACHIEVE OUR AIM OF HOLDING 100% OF ACACIA.
"THIS ACQUISITION PUTS A SUBSTANTIAL NUMBER OF ANGLOGOLD SHARES INTO THE HANDS
OF AUSTRALIAN INVESTORS AND CREATES A MARKET FOR OUR SHARES IN THIS IMPORTANT
GOLD PRODUCING AREA.

"INTRODUCING ANGLOGOLD TO AUSTRALIA WILL BE COMPLETED WHEN WE JOIN THE ALL
ORDINARIES INDEX AND THE ASX GOLD INDEX ON 3 APRIL 2000."

ANGLOGOLD'S OFFER TO ACQUIRE ACACIA'S ENTIRE ISSUED SHARE CAPITAL  INVOLVES AN
EXCHANGE OF ANGLOGOLD SHARES FOR THOSE OF ACACIA AT THE RATE OF 3.5 ANGLOGOLD
SHARES PER 100 ACACIA SHARES.  THE OFFER CLOSES ON 19:00 (MELBOURNE TIME) ON
FRIDAY, 24 DECEMBER 1999.

ANGLOGOLD WAS ENTITLED TO 93.3% OF ACACIA SHARES AT CLOSE OF BUSINESS ON
WEDNESDAY 22 DECEMBER.
ENDS
DISCLAIMER

EXCEPT FOR THE HISTORICAL INFORMATION CONTAINED HEREIN, THERE ARE MATTERS
DISCUSSED IN THIS NEWS RELEASE THAT ARE FORWARD-LOOKING STATEMENTS.  SUCH
STATEMENTS ARE ONLY PREDICTIONS AND ACTUAL EVENTS OR RESULTS MAY DIFFER
MATERIALLY.  FOR A DISCUSSION OF IMPORTANT FACTORS INCLUDING, BUT NOT LIMITED
TO, DEVELOPMENT OF THE COMPANY'S BUSINESS, THE ECONOMIC OUTLOOK IN THE GOLD
MINING INDUSTRY, EXPECTATIONS REGARDING GOLD PRICES AND PRODUCTION, AND OTHER
FACTORS, WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM SUCH
FORWARD-LOOKING STATEMENTS, REFER TO THE COMPANY'S ANNUAL REPORT ON THE FORM
20-F FOR THE YEAR ENDED DECEMBER 31, 1998 WHICH WAS FILED WITH THE SECURITIES
AND EXCHANGE COMMISSION ON MARCH 30, 1999