ANG - Anglogold Ashanti Revises Up First Quarter Outlook

ANG - Anglogold Ashanti Revises Up First Quarter Outlook                        
AngloGold Ashanti 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 REVISES UP FIRST QUARTER OUTLOOK                              
Following the stabilisation of Eskom power supply to South African operations   
during the quarter, AngloGold Ashanti is forecasting first quarter production of
approximately 1.19 million ounces. The revised production outlook is around 8%  
above guidance provided at the fourth quarter results presentation. The company 
has also fully delivered into maturing hedge contracts during the quarter.      
Commenting on the revised outlook, CEO Mark Cutifani said "Our first quarter    
performance will speak to the superb job that our South African operating team, 
in partnership with the unions and Eskom, has done in managing through a        
difficult situation. We are successfully implementing a 4% energy saving target,
which will enable us to get back towards our 100% production objective, even    
though we are working with a reduced power supply."                             
The company will revise guidance for 2008 with the first quarter results, which 
will be released on 6 May 2008.                                                 
Johannesburg                                                                    
4 April 2008                                                                    
Queries                                                                         
South Africa        Tel: Mobile:             E-mail:                            
Himesh Persotam     +27 (0) 11 637 6647                                         
                   +27 (0) 82 339 3890      hpersotam@AngloGoldAshanti.com      
Alan Fine +27 (0) 11 637 6383 +27 (0) 83 250 0757 afine@AngloGoldAshanti.com    
Certain statements made during this communication, including, without           
limitation, those concerning the economic outlook for the gold mining industry, 
expectations regarding gold prices, production, cash costs and other operating  
results, growth prospects and the outlook of AngloGold Ashanti`s operations     
including the completion and commencement of commercial operations of certain of
AngloGold Ashanti`s exploration and production projects, and its liquidity and  
capital resources and expenditure, contain certain forward-looking statements   
regarding AngloGold Ashanti`s operations, economic performance and financial    
condition. Although AngloGold Ashanti believes that the expectations reflected  
in such forward-looking statements are reasonable, no assurance can be given    
that such expectations will prove to have been correct. Accordingly, results    
could differ materially from those set out in the forward-looking statements as 
a result of, among other factors, changes in economic and market conditions,    
success of business and operating initiatives, changes in the regulatory        
environment and other government actions, fluctuations in gold prices and       
exchange rates, and business and operational risk management. For a discussion  
of such factors, refer to AngloGold Ashanti`s annual report for the year ended  
31 December 2007, which was distributed to shareholders on 31 March 2008.       
AngloGold Ashanti undertakes no obligation to update publicly or release any    
revisions to these forward-looking statements to reflect events or circumstances
after today`s date or to reflect the occurrence of unanticipated events.        
In connection with the proposed merger transaction involving AngloGold Ashanti  
and Golden Cycle Gold Corporation, AngloGold Ashanti has filed with the SEC a   
registration statement on Form F-4 and GCGC will mail a proxy                   
statement/prospectus to its stockholders, and each will be filing other         
documents regarding the proposed transaction with the U.S. Securities and       
Exchange Commission ("SEC") as well. BEFORE MAKING ANY VOTING OR INVESTMENT     
DECISION, INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS REGARDING  
THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY WHEN THEY   
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE      
PROPOSED TRANSACTION. The final proxy statement/prospectus will be mailed to    
GCGC`s stockholders. Stockholders will be able to obtain a free copy of the     
proxy statement/prospectus, as well as other filings containing information     
about AngloGold Ashanti and GCGC, without charge, at the SEC`s Internet site    
(http://www.sec.gov). Copies of the proxy statement/prospectus and the filings  
with the SEC that will be incorporated by reference in the proxy                
statement/prospectus can also be obtained, without charge, by directing a       
request to AngloGold Ashanti, 76 Jeppe Street, Newtown, Johannesburg, 2001 (PO  
Box 62117, Marshalltown, 2107) South Africa, Attention: Investor Relations, +27 
11 637 6385, or to Golden Cycle Gold Corporation, 1515 S. Tejon, Suite 201,     
Colorado Springs, CO 80906, Attention: Chief Executive Officer, (719) 471-9013  
  ENDS                                                                          
  AGA04.04                                                                      
4 April 2008                                                                  
  JSE Sponsor - UB Warburg                                                      
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