ANGLOGOLD GROUP FINANCIAL RESULTS

PREPARED IN ACCORDANCE WITH INTERNATIONAL ACCOUNTING STANDARDS

US DOLLAR MILLION                       QUARTER     QUARTER     YEAR

                                        ENDED       ENDED       ENDED

                                        MARCH       DECEMBER    DECEMBER
                                        1999        1998        1998

TURNOVER                                538.9       573.5       2235.6
GOLD REVENUE                            529.5       553.0       2184.6
NORMAL                                  528.0       548.1       2116.4
ACCELERATED HEDGE                       1.5         4.9         68.2

COST OF SALES                           409.5       422.8       1 757.8
CASH COSTS                              358.5       354.4       1 499.1
RETRENCHMENT COSTS                      1.5         4.9         68.2

REHABILITATION AND OTHER NON CASH COSTS 3.2         6.7         12.5

PRODUCTION COSTS                        363.2       366.0       1 579.8
AMORTISATION COSTS                      43.5        33.4        135.5

TOTAL PRODUCTION COSTS                  406.7       399.4       1 715.3
INVENTORY CHANGE                        2.8         23.4        42.5

GOLD OPERATING PROFIT                   120.0       130.2       426.8

URANIUM AND ACID PROFIT                 2.2         7.9         17.9

URANIUM AND ACID SALES                  9.4         20.5        51.0

URANIUM AND ACID COST OF SALES          7.2         12.6        33.1

OPERATING PROFIT                        122.2       138.1       444.7
CORPORATE ADMINISTRATION AND OTHER

EXPENSES                                9.8         12.6        48.1

RESEARCH AND DEVELOPMENT                1.2         2.3         4.7

EXPLORATION COSTS                       92          8.9         36.8

PROFIT FROM OPERATIONS                  102.0       114.3       355.1

INTEREST PAID                           2.8         13.0        17.1

INTEREST RECEIVABLE                     12.8        21.1        44.6

INCOME FROM ASSOCIATES                  10.7        13.7        68.4

INCOME FROM OTHER INVESTMENTS           0.2         0.3         2.4

PROFIT/(LOSS) ON SALE OF MINING ASSETS  -           1.7         (9.1)
PROFIT ON ORDINARY ACTIVITIES BEFORE

TAXATION                                122.9       138.1       444.3

TAXATION                                (35.7)      56.1        126.8

NORMAL TAXATION                         37.8        39.7        159.9

DEFERRED TAXATION                       1.9         16.4        (33.1)
TAXATION RATE CHANGE                    (75.4)      -           -
PROFIT ON ORDINARY ACTIVITIES AFTER

TAXATION                                158.6       82.0        317.5

GOODWILL WRITTEN OFF                    56.0        -           -

MINORITY INTEREST                       1.7         -           -
PROFIT ATTRIBUTABLE TO ORDINARY

SHAREHOLDERS                            100.9       82.0        317.5

EARNINGS PER SHARE - CENTS              103         84          324

HEADLINE EARNINGS - $M                  156.9       88.2        276.9

 - CENTS PER SHARE                      160         90          283
EARNINGS BEFORE EXCEPTIONAL ITEM AND

DEFERRED TAX RATE ADJUSTMENT - $M       81.6        88.2        276.9

 - CENTS PER SHARE                      83          90          283

CAPITAL EXPENDITURE - MINING DIRECT     37.0        39.3        160.4

 - OTHER                                4.0         6.5         11.5

 - RECOUPMENTS                          (0.2)       (1.8)       (73.2)
NET CAPITAL EXPENDITURE                 40.8        44.0        98.7