ANGLOGOLD LIMITED - DEALINGS IN SECURITIES BY DIRECTORS

ANGLOGOLD LIMITED - DEALINGS IN SECURITIES BY DIRECTORS                         
ANGLOGOLD LIMITED                                                               
(Registration number 1944/017354/06)                                            
(Incorporated in the Republic of South Africa)                                  
("AngloGold")                                                                   
ISIN: ZAE000043485                                                              
JSE Share code: ANG                                                             
DEALINGS IN SECURITIES BY DIRECTORS OF ANGLOGOLD LIMITED IN TERMS OF THE        
ANGLOGOLD SHARE INCENTIVE SCHEME                                                
In terms of JSE Listings Requirement 3.63 we give notice that the following     
directors have exercised share options, after having received clearance to do so
in terms of Listings Requirement 3.66.  The options were granted in terms of the
AngloGold Share Incentive Scheme.  This resulted in the following ordinary      
shares of the company having been allotted and traded on the JSE:               
Details:                      K H Williams                                      
Date exercised and sold:      18 November 2003                                  
Type of interest:             Beneficial                                        
Number of shares:             500                                               
Date options granted:         16 February 1998                                  
Vesting period:               Over a 5 year period                              
Option exercise price:        R104.00                                           
Sale price (average):         R290.0000                                         
% of total shares in issue:   0.00224184                                        
19 November 2003                                                                
Sponsor:                                                                        
UBS                                                                             
Date: 19/11/2003 01:23:28 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department