ANGLOGOLD ASHANTI LIMITED - Rating Action by Standard & Poors Rating Agency (S&P) - ANG010/ANG013

Rating Action by Standard & Poor’s Rating Agency (“S&P”) - ANG010/ANG013

AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1944/017354/08)
Company code: BIANG
(“AngloGold Ashanti”)


ANGLOGOLD ASHANTI RATING ACTION BY STANDARD & POOR’S RATING AGENCY (“S&P”)

AngloGold Ashanti confirms that Standard & Poor’s Rating Agency (S&P) has affirmed AngloGold
Ashanti’s BB+ long-term corporate credit rating and revised the outlook to stable from negative.

S&P cited the reduction in debt and increasing local currency gold prices as reasons for the increase
in earnings, cash flows, liquidity, and credit metrics for AngloGold Ashanti Ltd. The stable outlook
reflects S&P’s expectation that AngloGold Ashanti can maintain core credit metrics at the higher end
of their intermediate category.

S&P further raised the short-term national scale rating to 'zaA-1' from 'zaA-2' and their long-term
national scale rating on the subordinated medium-term note program to 'zaA-' from 'zaBBB+'.

The updated S&P report is available on Standard & Poor’s Website: www.standardandpoors.com or
on request from the company at investors@anglogoldashanti.com

Johannesburg
26 April 2016

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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