ANGLOGOLD LIMITED - GOVERNMENT OF GHANA SUPPORTS ANGLOGOLD"S PROPOSED MERGER

ANGLOGOLD LIMITED - GOVERNMENT OF GHANA SUPPORTS ANGLOGOLD"S PROPOSED MERGER    
WITH ASHANTI GOLDFIELDS COMPANY LIMITED                                         
ANGLOGOLD LIMITED                                                               
(Registration number 1944/017354/06)                                         
   (Incorporated in the Republic of South Africa)                               
   ISIN : ZAE000043485                                                          
   JSE Share Code : ANG                                                         
("AngloGold")                                                                
   Johannesburg                                                                 
   29 October 2003                                                              
GOVERNMENT OF GHANA SUPPORTS ANGLOGOLD"S PROPOSED MERGER WITH ASHANTI GOLDFIELDS
COMPANY LIMITED                                                                 
   This announcement does not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale or distribution of securities in any
jurisdiction in which such offer, sale or distribution is not permitted         
Earlier this week, the Board of Ashanti Goldfields Company Limited           
("Ashanti") confirmed its recommendation of AngloGold"s revised merger proposal.
AngloGold is pleased that the Government of Ghana has announced its support for 
the proposed merger (the "Merger") between AngloGold and Ashanti.               
A more detailed announcement setting out the key terms of an agreement       
between AngloGold and the Government of Ghana to facilitate the expeditious and 
optimal development of the Obuasi mine"s deep level ore reserves, will be made  
in due course.                                                                  
Shareholders are advised to continue to exercise caution when dealing in     
AngloGold"s securities until a further announcement is made.                    
   AngloGold"s JSE Sponsor: UBS                                                 
For further information contact:                                                
AngloGold                                                                       
   Steve Lenahan          +27 83 308 2200                                       
   Peta Baldwin           +27 11 637 6647                                       
   Charles Carter         +1 212 750 7999                                       
Tomasz Nadrowski       +44 7958 749555                                       
                          +1 917 912 4641                                       
   Andrea Maxey           +61 8 9425 4604                                       
UBS Investment Bank                                                             
James Hartop           +44 20 7567 8000                                      
First Africa                                                                    
   Kofi Adjepong-Boateng  +27 11 327 3666                                       
Citigate Sard Verbinnen                                                         
(US Media)                                                                   
   Paul Verbinnen         +1 212 687 8080                                       
Citigate Dewe Rogerson                                                          
   (UK Media)                                                                   
Patrick Donovan        +44 20 7638 9571                                      
Channel 2                                                                       
   (Ghanaian Media)                                                             
   David Ampofo           +233 21 666 643                                       
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS                      
   Certain statements in this announcement are forward-looking within the       
meaning of Section 27A of the Securities Act of 1933, as amended, and Section   
21E of the Securities Exchange Act of 1934, as amended, including without       
limitation, those statements concerning (i) timing, fulfillment of conditions,  
tax treatment and completion of the Merger, (ii) the value of the transaction   
consideration, (iii) expectations regarding production and cost savings at the  
combined group"s operations and its operating and financial performance and (iv)
synergies and other benefits anticipated from the Merger.  Although AngloGold   
and Ashanti believe that the expectations reflected in such forward-looking     
statements are reasonable, no assurance can be given that such expectations will
prove to have been correct.                                                     
For a discussion of important terms of the Merger and important factors and  
risks involved in the companies" businesses, which could cause the combined     
group"s actual operating and financial results to differ materially from such   
forward-looking statements, refer to AngloGold"s and Ashanti"s filings with the 
US Securities and Exchange Commission (the "SEC"), including AngloGold"s annual 
report on Form 20-F for the year ended 31 December 2002, filed with the SEC on 7
April 2003 and Ashanti"s annual report on Form 20-F for the year ended 31       
December 2002, filed with the SEC on 17 June 2003 and any other documents in    
respect of the Merger that are furnished to the SEC by AngloGold or Ashanti     
under cover of Form 6-K.                                                        
   Neither AngloGold, Ashanti nor the combined group undertakes any obligation  
to update publicly or release any revisions to publicly update any forward-     
looking statements discussed in this announcement, whether as a result of new   
information, future events or otherwise.                                        
ADDITIONAL INFORMATION                                                          
   In connection with the Merger, AngloGold will file with, or otherwise furnish
to, the SEC a scheme document/prospectus.  Investors and security holders are   
urged to carefully read the scheme document/prospectus regarding the Merger when
it becomes available, because it will contain important information.  Investors 
and security holders may obtain a free copy of the scheme document/prospectus   
(when it is available) and other documents containing information about         
AngloGold and Ashanti, without charge, at the SEC"s website at www.sec.gov.     
Copies of the scheme document/prospectus together with any SEC filings that may 
be incorporated by reference in the scheme document/prospectus may also be      
obtained free of charge by directing a request to: AngloGold Limited, 11        
Diagonal Street, Johannesburg 2001, PO Box 62117, Marshalltown 2107, South      
Africa, Attention: Chris R. Bull, Company Secretary, telephone +27 11 637 6000, 
fax:  +27  11  637  6624.                                                       
UBS Investment Bank and First Africa Group Holdings (Pty) Limited ("First    
Africa") are acting for AngloGold and no one else in connection with the Merger 
and will not be responsible to anyone other than AngloGold for providing the    
protections afforded to clients of UBS Investment Bank or First Africa or for   
providing advice in relation to the Merger.                                     
Date: 29/10/2003 08:00:38 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department