AngloGold Ashanti Limited - AngloGold Ashanti Chairman and Deputy Chairman

AngloGold Ashanti Limited - AngloGold Ashanti Chairman and Deputy Chairman      
appeal to IMF regarding gold sales                                              
ANGLOGOLD ASHANTI CHAIRMAN AND DEPUTY CHAIRMAN APPEAL TO IMF REGARDING GOLD     
SALES                                                                           
AngloGold Ashanti Limited                                                       
(formerly AngloGold Limited)                                                    
   Incorporated in the Republic of South Africa                                 
Registration Number: 1944/017354/06)                                         
   ISIN Number:ZAE000043485                                                     
   JSE Share Code: ANG                                                          
   ("AngloGold Ashanti/Company")                                                
ANGLOGOLD ASHANTI CHAIRMAN AND DEPUTY CHAIRMAN APPEAL TO IMF REGARDING GOLD     
SALES                                                                           
   In their letter to shareholders in the AngloGold Ashanti Annual Report for   
2004, chairman Russell   Edey and deputy chairman James Motlatsi commented on   
the concern that the International Monetary Fund (IMF) might sell part of its   
substantial gold reserves in order to write down the debt of heavily indebted   
poorer countries.  This, they said, had given rise to a "degree of uncertainty" 
in the gold market.                                                             
Referring to 1999 when the same scheme was proposed, they pointed out that a 
means was devised to realise value from the IMF gold reserves through the       
revaluation of a portion of the IMF gold holdings from their low balance sheet  
value of $42 per ounce to the spot price for the metal at that time.            
"This achieved the IMF purpose without impacting on either the gold market or
the price and we urge the IMF to act in a way on this occasion which will       
achieve its certainly worthwhile objective without severe and negative          
consequences for the gold producing developing economies," they said.           
The physical demand for gold during 2004 had showed some encouraging moves in
the important markets of Turkey and Vietnam, and sustained demand in India.  In 
China, for the first time in several years, sales of gold jewellery grew with   
the introduction to that market of modern, 18-carat gold jewellery product.     
"With these high population economies achieving growth in the high single    
digits, there seems good reason for cautious optimism about future demand and   
pricing for all commodities including gold," they said.                         
   ends                                                                         
Johannesburg                                                                 
   30 March 2005                                                                
Date: 30/03/2005 02:35:13 PM Supplied by www.sharenet.co.za                     
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