ANGLOGOLD NEWS RELEASE

ANGLOGOLD NEWS RELEASE                                                          
Anglogold Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration Number: 1944/017354/06)                                           
ISIN Number:ZAE000043485                                                        
NYSE Ticker: AU                                                                 
2 July 2003                                                                     
ANGLOGOLD CONCLUDES SALE OF INTEREST IN JERRITT CANYON JOINT VENTURE            
AngloGold today announced that it has concluded the transaction with Queenstake 
Resources U.S.A. Inc, for the sale of its interests in the Jerritt Canyon Joint 
Venture. This follows the receipt by the Jerritt Canyon Joint venture partners  
of a second unsolicited offer from Queenstake. AngloGold owns 70% of the joint  
venture and is the operator and managing partner of the Jerritt Canyon Mine.    
Under the terms of the purchase and sale agreement, Queenstake paid the Jerritt 
Canyon Joint Venture $1.5 million in cash and 32 million shares of Queenstake   
common stock at closing, with $6 million in deferred payments and approximately 
$4 million in future royalty payments. Queenstake accepted full closure and     
reclamation liabilities and posted surety bonds totalling $33.5 million with the
regulatory agencies. Permits for the operation of the mine were transferred to  
Queenstake effective June 30, 2003.                                             
For the year ended December 31, 2002, Jerritt Canyon produced 237,000           
attributable ounces of gold at a total cash cost of $249 per ounce.             
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 31 December 2002 which was filed with the Securities and
Exchange Commission on 7 April 2003.                                            
Date: 02/07/2003 04:41:29 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department