PRODUCTION SHORTFALL EXPECTED AT ANGLOGOLD

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PRODUCTION SHORTFALL EXPECTED IN FIRST QUARTER

A SEISMIC EVENT AT WESTERN DEEP LEVELS WEST MINE WAS REPORTED ON 3 NOVEMBER
LAST YEAR.  DAMAGE IS EXPECTED TO TAKE MUCH OF THE FIRST QUARTER OF 1999 TO
RECTIFY - LONGER THAN ORIGINALLY ANTICIPATED.  SECONDLY, THE GRADE AT

ELANDSRAND HAS DECLINED, WE BELIEVE TEMPORARILY, AS OCCURS FROM TIME TO TIME IN
THE VENTERSDORP CONTACT REEF.  THIRDLY, AT BAMBANANI MINE, A PLANNED STOPPAGE
FOR INFRASTRUCTURAL REPAIRS AT THE YEAR-END TOOK PLACE OVER SEVEN DAYS THAT
FALL WITHIN THE FIRST QUARTER.

IN THE LIGHT OF THESE EVENTS, MANAGEMENT HAS REVISED DOWNWARD EXPECTED
PRODUCTION FOR THE FIRST QUARTER OF 1999 FROM 55 TONS TO 52 TONS.  REDUCED
COSTS AND THE LOWER TAX RATE, TOGETHER WITH THE BENEFITS OF THE DEPRECIATION OF
THE SOUTH AFRICAN RAND AND THE BRAZILIAN REAL, SHOULD RESULT IN OVERALL
PERFORMANCE FOR THE FIRST QUARTER THAT IS NOT SIGNIFICANTLY DIFFERENT FROM THAT
OF THE PREVIOUS QUARTER.  NO MATERIAL EFFECT ON THE RESULTS FOR THE FIRST HALF
OF 1999 IS EXPECTED.
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JAMES DUNCAN
+2711 637 6147 (B)
+2711 849 4161 (H)
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JUNCAN@CORP.ANGLOGOLD.COM
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