ANGLOS - JOINT VENTURE WITH BARRICK ON AFRICAN EXPLORATION

ANGLOGOLD LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/17354/06)
ANGLO AMERICAN CORPORATION OF SOUTH AFRICA LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 01/05309/06)
("ANGLO AMERICAN")

ANGLOGOLD AND ANGLO AMERICAN CORPORATION ANNOUNCE JOINT VENTURE WITH BARRICK ON
AFRICAN EXPLORATION

ANGLOGOLD LIMITED (ANGLOGOLD) AND ANGLO AMERICAN CORPORATION OF SOUTH AFRICA
LIMITED (ANGLO AMERICAN) HAVE ANNOUNCED THAT THEY HAVE ENTERED INTO JOINT
VENTURE EXPLORATION AGREEMENTS WITH BARRICK GOLD CORPORATION (BARRICK) IN
RESPECT OF BARRICK'S EXPLORATION PROPERTIES ON THE AFRICAN CONTINENT.

THE JOINT VENTURE AGREEMENT PROVIDES FOR THE ACQUISITION OF A 50 PER CENT
INTEREST IN BARRICK'S INTEREST IN VARIOUS PROPERTIES THROUGH THE EXPENDITURE OF
UP TO US$15,6 MILLION ON EXPLORATION ACTIVITIES.

ANGLOGOLD WILL ACQUIRE A 50 PER CENT INTEREST FROM BARRICK IN EXPLORATION
PROPERTIES IN SOUTH MALI, WEST MALI, SOUTH-EAST SENEGAL, AND NORTH-EAST
DEMOCRATIC REPUBLIC OF CONGO. BASED ON A SIMILAR ARRANGEMENT, ANGLO AMERICAN
WILL ACQUIRE A 50 PER CENT INTEREST FROM BARRICK IN ITS EXPLORATION PROPERTY IN
NIGER.

THE AGREEMENT ESTABLISHES ANGLOGOLD AS THE MANAGER OF THE JOINT VENTURE
PROPERTIES IN CONGO, MALI, AND SENEGAL AND ANGLO AMERICAN AS MANAGER OF THE
PROPERTY IN NIGER.
IN TERMS OF THE JOINT VENTURE AGREEMENT:

- ANGLOGOLD AND BARRICK WILL EACH HOLD A 42,5 PER CENT INTEREST IN THE MISSENI
AND FINKALO EXPLORATION PROPERTIES IN SOUTH MALI, WITH THE REMAINING 15 PER
CENT HELD BY THE GOVERNMENT OF MALI, AND ANGLOGOLD WILL MANAGE THE EXPLORATION
OF THE PROPERTIES.

- ANGLOGOLD AND BARRICK WILL EACH HOLD A 42,5 PER CENT INTEREST IN THE
DJELIMAGARA PROPERTY IN WEST MALI, WITH THE REMAINING 15 PER CENT HELD BY THE
GOVERNMENT OF MALI, AND ANGLOGOLD WILL MANAGE THE EXPLORATION OF THE PROPERTY.
IN THE EVENT THAT IAMGOLD OF CANADA EXERCISES ITS RIGHT TO PARTICIPATE IN THIS
EXPLORATION PROPERTY, THE INTERESTS OF THE THREE COMPANIES WILL BE 28,33 PER
CENT EACH, WITH ANGLOGOLD RETAINING MANAGEMENT CONTROL.

- ANGLOGOLD AND BARRICK WILL EACH HOLD A 42,5 PER CENT INTEREST IN THE
MADINA-FOULBI AND NORD-QUEST SABODALA PROPERTIES IN SOUTH-EAST SENEGAL, WITH
THE REMAINING 15 PER CENT HELD BY THE GOVERNMENT OF SENEGAL, AND ANGLOGOLD WILL
MANAGE THE EXPLORATION OF THE PROPERTIES. IN THE EVENT THAT IAMGOLD OF CANADA
EXERCISES ITS RIGHT TO PARTICIPATE IN THESE EXPLORATION PROPERTIES, THE
INTEREST OF THE THREE PARTIES WILL BE 28,33 PER CENT EACH, WITH ANGLOGOLD
RETAINING MANAGEMENT CONTROL.

- ANGLOGOLD AND BARRICK WILL EACH HOLD A 40 PER CENT INTEREST IN THE KILO-MOTO
PROPERTY IN NORTH-EAST DEMOCRATIC REPUBLIC OF THE CONGO, WITH THE REMAINING 20
PER CENT HELD BY THE DRC GOVERNMENT, AND ANGLOGOLD WILL MANAGE THE EXPLORATION
OF THE PROPERTY.

- ANGLO AMERICAN AND BARRICK WILL EACH HOLD A 45 PER CENT INTEREST IN THE
TIALKAM PROPERTY IN THE LIPTAKO REGION OF NIGER, WITH THE REMAINING 10 PER CENT
HELD BY THE GOVERNMENT OF NIGER, AND ANGLO AMERICAN WILL MANAGE THE EXPLORATION
OF THE PROPERTY.
JOHANNESBURG
13 MAY 1998