Sale Of Anglogold's Free State Assets

Anglogold Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1944/017354/06)
ISIN Number: ZAE000014601
JSE Share Code: ANG
NEWS RELEASE
CORPORATE AFFAIRS DEPARTMENT
JOHANNESBURG
TELEPHONE: (+27 11) 637-6385
FAX:       (+27 11) 637-6399/6400
SALE OF ANGLOGOLD'S FREE STATE ASSETS

Further to the announcements made by AngloGold on 21 November 2001 and 1
February 2002, AngloGold is pleased to announce that all the remaining
conditions precedent for the sale of its Free State assets to African
Rainbow Minerals Gold Limited and Harmony Gold Mining Company Limited,
through a jointly-held company ("Freegold"), have been fulfilled.  The sale
is effective from 1 January 2002.

In terms of the sale agreement, the consideration payable to AngloGold is
R2.2 billion plus an amount equal to any liability for tax payable by
Anglogold pursuant to the sale of the Free State assets ("the additional
amount").

Accordingly, Freegold will pay to AngloGold an amount of R2.2 billion, of
which R1.8 billion will be payable, in cash, by no later than 23 April 2002,
together with interest thereon at the call rate as determined from 1 January
2002 to the date immediately prior to the date of payment.  The additional
amount will be paid by Freegold to AngloGold, five days prior to any tax
liability pursuant to the sale of the Free State assets, being payable by
AngloGold.  The balance of R400 million will be payable in cash on 1 January
2005.
Ends
www.anglogold.com
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
In the USA
Charles Carter
800 417 9255 toll free
+1 212 750 7999 (tel)
+1 212 750 5626 (fax)
ccarter@anglogold.com