ANGLOGOLD REPORTS STRONG PERFORMANCE FOR THE QUARTER

ANGLOGOLD LIMITED
NEWS RELEASE
For release 08:00 SA time, 31 July 2001
Results for the Quarter ended 30 June 2001

ANGLOGOLD REPORTS STRONG PERFORMANCE FOR THE QUARTER
Highlights of the quarter

Headline earnings (excluding the unrealised gain on hedging activities)
up 19% to $0.62 per share (or 22% to R5.01 per share)

Operating profit up 5% to $120 million (up 8% to R965 million)
Net profit up 47% to $63 million (up 51% to R509)
Total cash costs down 4% to $185 per ounce

Interim dividend of R7, representing an annualised dividend yield of 5%
In his letter to shareholders, Chairman and CEO Bobby Godsell said the
results for the quarter reflected a strong performance.  This had been
achieved despite slightly reduced gold production and a lower received gold
price.  Results for the six-month period to June 2001 were equally pleasing.
Operating performance across the company's five regions had been good with
AngloGold producing 1.7 million ounces of gold at total cash costs of $185
for the quarter and 3.5 million ounces at total cash costs of $189 for the
half-year.

In South Africa, key operations were performing well - particularly Great
Noligwa, Tshepong, Savuka and TauTona.  A decision had been taken to place
the Joel South shaft in the Free State in an orderly closure mode but the
drilling project at North shaft would continue.  Should a value-adding offer
to purchase Joel be received, however, it would be considered.

In view of improved performance and in the absence of offers that exceeded
AngloGold's valuation of certain of its Free State assets, the Board had
decided to withdraw the cautionary notice, published in November 2000, in
respect of the potential sale of some of its Free State operations, Godsell
announced.

The Africa region had had another excellent quarter, improving on its
performance during the first three months of this year.  The region had
produced 211,000 attributable ounces, with total cash costs 2% lower at $121
per ounce, and operating profit 29% higher at $22 million.

AngloGold's strategy to reduce risk through geographic and orebody

diversification continued to deliver results, he noted.  "For the quarter,
production from outside South Africa, principally from low-cost, surface and
shallow mines, grew to 33%, operating profits to 41%, EBITDA to 51% and cash
earnings to 57%."

He drew attention to GoldAvenue's business-to-business website going live in
mid-June, offering bullion products directly to regional banks for jewellery
fabrication industries - first in Italy but being extended to other

countries through 2001.  GoldAvenue's business-to-consumer gold jewellery
venture was targeting an initial product offering by year-end.

Godsell commented that AngloGold was very satisfied with the wage agreement
reached with the National Union of Mineworkers (NUM) last week.  "This deal
locks in a two-year contract which is consistent with our goals of improving
skills and productivity, especially for production crews.  The net effect of
this wage agreement on our bottom line is within the planning and

performance parameters we have set for our South African business units," he
said.
ends

For the complete Report for the Quarter visit the AngloGold website:
www.anglogold.com
Queries:
In South Africa:

Steve Lenahan                           Shelagh Blackman

Telephone: +27 11 637 6248              Telephone: +27 11 637 6379

Mobile: +27 83 308 2200                 Mobile: +27 83 308 2471

E-Mail: slenahan@anglogold.com          E-Mail: sblackman@anglogold.com
In the United Kingdom:                  Europe:

Alex Buck                               Tomasz Nadrowski

Telephone: +44 20 7664 8712             Telephone: +41 22 718 3312

Mobile: +44 793 274 0452                Mobile: +4179 345 9774

E-Mail: abuck@anglogold.com             E-mail: tnadrowski@anglogold.com
In Australia:                           In the United States of America:
Andrea Maxey                            Charles Carter

Telephone: +61 8 9425 4604              Telephone: 800 417 9255

                                        (toll-free in North America)

Mobile: + 61 438 001 393                Telephone: +1 212 750 7999

E-Mail: amaxey@anglogold.com.au         E-Mail: ccarter@anglogold.com