Anglogold Clarifies Issues In Offer For Normandy

ANGLOGOLD LIMITED
NEWS RELEASE
Share Code: ANG
ISIN Code: ZAE000014601
03 October 2001

In order to offer United States shareholders of Normandy Mining Limited the
opportunity to receive and freely trade AngloGold Limited shares in the US,
it has been decided that AngloGold will file a Form F4 registration

statement with the United States Securities and Exchange Commission ("SEC").
This will ensure that the offer is fully available to all US Normandy
shareholders.

AngloGold is offering 2.15 of its shares for every 100 Normandy shares. The
offer, announced on September 5, values Normandy shares at $1.42, and
represents a 29% premium to Normandy's closing share price on the day prior
to announcement of the offer.
Tradability of CDIs

Normandy shareholders electing to accept this offer will be entitled to
choose to receive either AngloGold shares, AngloGold ADRs or AngloGold CDIs,
subject to any regulatory restrictions.

The AngloGold shares to be issued under the offer for Normandy will be
entirely fungible - they will be readily convertible from one form to
another to ensure that they can be traded on all of the exchanges on which
the Company's shares are listed.

AngloGold share are traded as ordinary shares on the JSE. On the NYSE, these
shares are traded as ADRs, in the ratio of 2 ADRs per ordinary share.  In
order to trade on the Australian Stock Exchange ("ASX"), the shares are
registered as Chess Depositary Interests ("CDIs"). This is effectively an
Australian ADR.
Holders of these CDIs can either:

trade their holdings on the ASX under the electronic transfer and settlement
system operated by the ASX, in the manner identical to trading in other
Australian listed shares; or

trade their holdings internationally on one of the other exchanges on which
AngloGold shares are listed, by converting the CDIs into the form of
ordinary shares or ADRs.

In order to convert the AngloGold CDI into another form, the holder will
simply need to notify the company's Australian share registry

(Computershare), which will then arrange for the underlying AngloGold shares
to be transferred to the relevant foreign register.  The underlying shares
can then be traded on the relevant exchange.
CORPORATE AFFAIRS DEPARTMENT
1st FLOOR, 11 DIAGONAL STREET
JOHANNESBURG 2001
TELEPHONE: (+27 11) 637-6248
FAX: (+27 11) 637 6399/6400
 www.anglogold.com
Queries :
In South Africa
Steve Lenahan
+2711 637 6248 (tel)
+2711 637 6107 (fax)
+27 83 308 2200 (mobile)
slenahan@anglogold.com
In the UK
Alex Buck
+44 20 7664 8712 (tel)
+44 20 7664 8711 (fax)
+44 7932 2740 452 (mobile)
abuck@anglogold.com
In the USA
Charles Carter
800 417 9255 toll free
+1 212 750 7999 (tel)
+1 212 750 5626 (fax)
ccarter@anglogold.com
In Australia
Andrea Maxey
+61 8 9425 4604 (tel)
+61 8 9625 4650 fax)
+61 438 001 393 (mobile)
amaxey@anglogold.com.au
Helpline

AngloGold has established a toll-free shareholder information line in
Australia, which can be accessed by dialling: 1800 770 019