Revision To The Terms Of Anglogold`s Odd-Lot Offer Press Release AngloGold Limited (Incorporated in the Republic of South Africa) CORPORATE AFFAIRS DEPARTMENT (Registration Number: 1944/017354/06) 16th Floor, 11 Diagonal Street, Johannesburg 2001, South Africa ISIN Number:ZAE000014601 Tel: (+27 11) 637-6367 or Fax: (+27 11) 637-6399/6400 JSE Share Code: ANG SJL/CAD/AGO334.02 NYSE Ticker: AU 13 November 2002 For release 18:00 SA time, 12 November 2002 REVISION TO THE TERMS OF ANGLOGOLD`S ODD-LOT OFFER On 11 November 2002, AngloGold announced an odd-lot offer to permit the reduction, in an equitable manner, in the number of shareholders holding less than 50 shares in AngloGold. The odd-lot offer was made at an offer price of R493.32 per ordinary share, being the volume weighted average traded price of AngloGold ordinary shares on the JSE Securities Exchange over the ten trading days ended Tuesday, 29 October 2002. All ordinary shareholders who hold, individually, in aggregate less than 50 ordinary shares are able to participate in the odd-lot offer, which opened at 09h00 on Monday, 11 November 2002 and closes at 16h00 on Friday, 20 December 2002. The offer was made in full compliance with the listing requirements of the JSE. Subsequent to the decision of the Board of Directors of AngloGold to implement the offer and the setting of the offer price, the AngloGold share price has increased by some 12%, introducing an unintended arbitrage opportunity and, ultimately, the potential for the need to issue further AngloGold shares. Since this was not the intention of the company, it approached the JSE for assistance in formulating a revision to the offer which would achieve AngloGold`s original objectives. Revised terms of the odd-lot offer AngloGold has, with the consent of the JSE, resolved to restrict the offer to those shareholders who are odd-lot holders as at the close of business on Tuesday, 19 November 2002 and who remain odd-lot holders until the close of business on Friday, 20 December 2002. The last date to trade on the JSE in order to participate in the odd-lot offer will therefore be Tuesday,12 November 2002. All other terms of the odd-lot offer set out in the announcement dated 11 November 2002 and as contained in the circular to AngloGold shareholders of the same date remain unchanged. ends THIS DOCUMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES. Queries: www.anglogold.com In South Africa Tel: Mobile: E-mail: Steve Lenahan +27 11 637 6248 +27 83 308 2200 slenahan@anglogold.com Alan Fine +27 11 637 6383 +27 83 250 0757 afine@anglogold.com Shelagh Blackman +27 11 637 6379 +27 83 308 2471 skblackman@anglogold.com In the UK / Europe Tomasz Nadrowski +41 22 718 3312 +41 79 345 9774 tnadrowski@anglogold.com Alex Buck +44 20 7664 8712 +44 7932 740 452 abuck@anglogold.com In Australia Andrea Maxey +61 8 9425 4604 +61 438 001 393 amaxey@anglogold.com.au Disclaimer Except for the historical information contained herein, there are matters discussed in this news release that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors including, but not limited to development of the Company`s business, the economic outlook in the gold mining industry, expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company`s annual report on the Form 20-F for the year ended 31 December 2001 which was filed with the Securities and Exchange Commission on 28 June 2002 Date: 13/11/2002 08:20:49 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department