Anglogold Limited - Modified Handling Fees

Anglogold Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1944/017354/06)
ISIN Number: ZAE000014601
JSE Share Code: ANG
NEWS RELEASE
03 December 2001
Modified Handling Fees

AngloGold today announced that it had modified the broker handling fees
payable in connection with its offer for Normandy Mining Limited in respect
of acceptances received by close of business on Tuesday, 11 December 2001.
AngloGold believes it is appropriate to pay the modified handling fees to
encourage brokers to initiate acceptances for our superior offer given the
pending Christmas period.

The amount of the handling fee payable will be determined at rates in the
attached table.

The modified handling fee arrangement is not subject to a maximum per
acceptance form.

The fee is payable to any participating organisation of the ASX whose stamp
appears on the Acceptance Form or who, in respect of a CHESS holding,
provides evidence satisfactory to AngloGold that it is the Controlling
Participant who has initiated the acceptance.

Under no circumstances will these handling fees be extended beyond 11
December 2001.  For acceptances received after this date AngloGold will pay
handling fees on acceptances in accordance with the existing arrangement at
the rate of 0.75% with a maximum of A$750 per individual acceptance form.
cont/

AngloGold reserves the right to aggregate any acceptances in determining the
handling fees payable to any broker if AngloGold reasonably believes that a
party has manipulated holdings to take advantage of the modified handling
fee.

Brokers are precluded from receipt of any handling fee in respect of shares
in which they or their associates have relevant interests (within the
meaning of those terms under the Australian Corporations Act).
Ends
Number of Normandy shares    Handling Fee Payable
accepting the AngloGold
offer
50,000 and below             2.5% of value of

                             consideration payable*
50,001 to 100,000            1.5% of value of

                             consideration payable*
100,001 to 1,000,000         1.25% of value of

                             consideration payable*

1,000,001 and above          1% of value of consideration
                             payable*

* For the purposes of calculating the handling fee the share component of
the consideration will be based on an assumed AngloGold share price of A$65
per share.
Queries:
In Australia
Andrea Maxey
+61 8 9425 4604 (tel)
+61 8 9625 4650 fax)
+61 438 001 393 (mobile)
amaxey@anglogold.com.au
Hamish Douglass
Deutsche Bank
+61 2 9258 2039 (tel)
+61 2 9258 2440 (fax)
+61 419 560 349 (mobile)
hamish.douglass@db.com
In South Africa
Steve Lenahan
+2711 637 6248 (tel)
+2711 637 6107 (fax)
+27 83 308 2200 (mobile)
slenahan@anglogold.com
Shelagh Blackman
+2711 637-6379 (tel)
+2711 637-6399 (fax)
+27 83 308 2471 (mobile)
sblackman@anglogold.com
In Europe
Tomasz Nadrowski
+41 22 718 3312 (tel)
+41 22 718 3335 (fax)
+41 79 345 9774 (mobile)
tnadrowski@anglogold.com
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