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ANGLOGOLD LIMITED INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA REGISTRATION NUMBER 05/17354/06
SUMMARY OF RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 1999 HIGHLIGHTS DESPITE - 5% DROP IN THE AVERAGE DOLLAR GOLD SPOT PRICE - 6% DROP IN THE AVERAGE RAND SPOT PRICE
HEADLINE EARNINGS RISE 4% TO R525 MILLION ($86 MILLION)
- SADIOLA - PRODUCTION UP 15%; CASH COSTS DOWN 14% TO $88/OZ
SOUTH AFRICAN MINES - PRODUCTION UP 2%; LABOUR PRODUCTIVITY UP 3%
SOUTH AMERICAN MINES - PRODUCTION UP 4%; CASH COSTS DOWN 3%
- NORTH AMERICAN MINES - PRODUCTION UP 18%; CASH COSTS DOWN 3%
- 17.5% RETURN ON SHAREHOLDERS' EQUITY (17% LAST QUARTER)
- 14.8% RETURN ON CAPITAL EMPLOYED (14.5% LAST QUARTER)
QUARTER NINE MONTHS ENDED ENDED
PREPARED IN ACCORDANCE WITH SEPT. JUNE SEPT. SEPT. INTERNATIONAL ACCOUNTING STANDARDS 1999 1999 1999 1998 RAND/METRIC GOLD
PRODUCED - KG - OZ(000) 55 337 53 438 162 487 155 435 REVENUE - R/KG - $/OZ SOLD 61 754 61 841 61 489 57 951 CASH COSTS - R/KG - $/OZ
PROPUCED 40 823 41 314 40 936 39 798 TOTAL PRODUCTION COSTS - R/KG -
$/OZ PRODUCED 46 714 46 968 46 716 46 060 OPERATING PROFIT - RM - $M 837 800 2 417 1 782 NET CAPITAL EXPENDITURE - RM - $M 327 306 885 298 ATTRIBUTABLE PROFIT - RM - $M 493 1 018 2 122 1 237 ATTRIBUTABLE EARNINGS - CENTS PER SHARE 504 1 040 2 168 1 264 HEADLINE EARNINGS - CENTS PER SHARE 537 519 2 029 1 047 HEADLINE EARNINGS BEFORE
DEFERRED TAX ADJUSTMENT - CENTS PER SHARE 537 519 1 559 1 047 DIVIDENDS - CENTS PER SHARE 900 750 QUARTER NINE MONTHS ENDED ENDED
PREPARED IN ACCORDANCE WITH SEPT JUNE SEPT SEPT INTERNAL ACCOUNTING STANDARDS 1999 1999 1999 1998 DOLLAR/IMPERIAL GOLD
PRODUCED - KG - OZ (000) 1 779 1 717 5 224 4 998 REVENUE - R/KG - $/OZ SOLD 316 314 313 334 CASH COSTS - R/KG - $/OZ PRO-
DUCED 209 210 209 229 TOTAL PRODUCTION COSTS - R/KG -
$/OZ PRODUCED 239 239 238 271 OPERATING PROFIT - RM - $M 138 131 396 326 NET CAPITAL EXPENDITURE - RM - $M 54 50 145 56 ATTRIBUTABLE PROFIT - RM - $M 81 166 348 236 ATTRIBUTABLE EARNINGS - CENTS PER SHARE 83 170 356 241 HEADLINE EARNINGS - CENTS PER SHARE 88 85 333 193 DEFERRED TAX ADJUSTMENT - CENTS PER SHARE 88 85 256 193 DIVIDENDS - CENTS PER SHARE 149 127 SEPT. JUNE SEPT. SEPT. JUNE SEPT. 1999 1999 1998 1999 1999 1998 ABRIDGED BALANCE SHEET RM RM RM $M $M $M MINING ASSETS AND GOODWILL 15 598 15 572 11 562 2 597 2 580 1 959 CASH AND CASH EQUIVALENTS 2 828 2 923 1 054 471 484 179 OTHER NET ASSETS 603 58 1 041 100 11 176 19 029 18 553 13 657 3 168 3 075 2 314 SHAREHOLDERS' EQUITY 8 141 7 621 7 152 1 355 1 263 1 212 BORROWINGS 4 976 4 979 1 095 828 825 186 DEFERRED TAX 4 011 4 012 4 217 668 665 714 OTHER LONG TERM LIABILITIES 1 901 1 941 1 193 317 322 202 19 029 18 553 13 657 3 168 3 075 2 314 NOTES 1. ALL RESULTS ARE UNAUDITED.
2. THE ISSUED ORDINARY CAPITAL COMPRISES 97 923 249 ORDINARY SHARES OF 50 CENTS EACH.
3. THE UNABRIDGED REPORT WILL BE POSTED TO SHAREHOLDERS ON OR ABOUT TUESDAY, 2 NOVEMBER 1999.
4. THE UNABRIDGED REPORT WILL ALSO BE AVAILABLE ON THE INTERNET AT THE UNDERMENTIONED ADDRESS. BY ORDER OF THE BOARD NF OPPENHEIMER, CHAIRMAN RM GODSELL, CHIEF EXECUTIVE OFFICER 28 OCTOBER 1999 INVESTOR RELATIONS IN SOUTH AFRICA: JAMES DUNCAN 11 DIAGONAL STREET, JOHANNESBURG, 2001 (PO BOX 62117, MARSHALLTOWN 2107) TELEPHONE: (11) 637 6147 FAX: (11) 637 6399/6400 IN THE UNITED KINGDOM: ALEX BUCK
4TH FLOOR, 12 ST JAMES'S SQUARE, LONDON SW1Y 4RB, ENGLAND TELEPHONE: (171) 849 5630 FAX: (171) 849 6137 IN THE UNITED STATES OF AMERICA: STEVE LENAHAN
405 LEXINGTON AVENUE, 25TH FLOOR, NEW YORK, NY 10174 TELEPHONE: (917) 368 8075 FAX: (917) 368 8077 CHARLES CARTER
ONE DTC, 5251 DTC PARKWAY, SUITE 700, ENGLEWOOD, CO 80111 TOLL-FREE: 800 417 9255 TELEPHONE: (303) 843 9255 FAX: (303) 694 4969 E-MAIL ENQUIRIES SHOULD BE DIRECTED TO: INVESTORS@CORP.ANGLOGOLD.COM INTERNET ADDRESS HTTP://WWW.ANGLOGOLD.COM
