ANG - Anglogold Ashanti Finalises Deal To Acquire 100% Of Golden Cycle Gold

ANG - Anglogold Ashanti Finalises Deal To Acquire 100% Of Golden Cycle Gold     
                   Corporation                                                  
ANGLOGOLD ASHANTI FINALISES DEAL TO ACQUIRE 100% OF GOLDEN CYCLE GOLD           
CORPORATION                                                                     
Joint announcement                                                              
AngloGold Ashanti Limited                                                       
  Incorporated in the Republic of South Africa                                  
Registration Number: 1944/017354/06)                                          
  ISIN Number: ZAE000043485                                                     
  JSE Share Code: ANG                                                           
  ("AngloGold Ashanti/Company")                                                 
and                                                                             
Golden Cycle Gold Corporation                                                   
  ARCA: GCGC                                                                   
  1515 South Tejon Street  Suite 201  Colorado Springs  CO 80906  USA       
Tel: +1 719-471-9013  Fax: +1 719-520-1442                                  
  Email: info@goldencycle.com                                                   
ANGLOGOLD ASHANTI FINALISES DEAL TO ACQUIRE 100% OF GOLDEN CYCLE GOLD           
CORPORATION                                                                     
AngloGold Ashanti Limited ("AngloGold Ashanti") and Golden Cycle Gold         
Corporation (ARCA: GCGC) ("GCGC") are pleased to announce that shareholders of  
GCGC approved the merger with a wholly owned subsidiary of AngloGold Ashanti at 
the GCGC special meeting of shareholders held on 30 June 2008 in Victor,        
Colorado when GCGC shareholders representing 7,036,949 shares of GCGC common    
stock voted in favour of the merger.  The merger will be effective at 0:01 on   
1 July 2008. As a result, AngloGold Ashanti will acquire 100% of GCGC by way of 
a statutory merger under Colorado law ("the transaction") and subsequently,     
AngloGold Ashanti will own 100% of Cripple Creek & Victor Gold Mining Company   
("CC&V").                                                                       
  The Bank of New York, c/o BNY Mellon Shareowner Services, New York, New York, 
has been appointed as exchange agent for the merger, and notice and exchange    
instructions are expected to be mailed to the shareholders of GCGC on or before 
July 3, 2008.                                                                   
  R. Herbert Hampton, Chief Executive Officer and President of GCGC, commented, 
"We are pleased that shareholders representing approximately 71.85% of our      
common stock have expressed their confidence in AngloGold Ashanti by approving  
the merger.  This concludes the long history of Golden Cycle, and we look       
forward to beginning a new chapter as shareholders of AngloGold Ashanti."       
  Commenting on the transaction, Mark Cutifani, Chief Executive Officer of      
AngloGold Ashanti, said "We are extremely pleased that Golden Cycle shareholders
have approved the transaction that will enable us to continue to consolidate the
full mineral endowment at CC&V over the remainder of the mine`s life, whilst    
also simplifying the ownership structure of this long life North American asset,
and we welcome Golden Cycle shareholders as new shareholders of AngloGold       
Ashanti."                                                                       
  30 June 2008                                                                  
  Legal Adviser : Davis Graham & Stubbs LLP                                     
JSE Sponsor : UBS                                                             
  This communication shall not constitute an offer to sell or the solicitation  
of an offer to buy any securities, nor shall there be any sale of securities in 
any jurisdiction in which such offer, solicitation or sale would be unlawful    
prior to registration or qualification under the securities laws of any such    
jurisdiction. This communication is not an offer of securities for sale into the
United States. No offering of securities shall be made in the United States     
except pursuant to registration under the US Securities Act of 1933, as amended,
or an exemption therefrom.                                                      
  Queries                                                                       
  South Africa:                                                                 
  Himesh Persotam (Investor Relations) Tel: +27 (0) 11 637-6647                 
Mobile: +27 (0) 82 339 3890 E-mail: hpersotam@AngloGoldAshanti.com          
  Alan Fine (Media) Tel: +27 (0) 11 637-6383 Mobile: +27 (0) 83 250 0757        
    E-mail: afine@AngloGoldAshanti.com                                          
Joanne Jones (Media) Tel: +27 (0) 11 637- 6813 Mobile : +27 (0) 82 896 0306     
E-mail: jjones@AngloGoldAshanti.com                                         
Date: 01/07/2008 08:53:01 Supplied by www.sharenet.co.za                     
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