ANG - Anglogold Ashanti - Convertible Bond Offering - Exercise Of Managers`

ANG - Anglogold Ashanti - Convertible Bond Offering - Exercise Of Managers`     
                             Option                                             
AngloGold Ashanti Limited                                                       
Incorporated in the Republic of South Africa                                  
  Registration Number: 1944/017354/06)                                          
  ISIN Number: ZAE000043485                                                     
  JSE Share Code: ANG                                                           
ANGLOGOLD ASHANTI CONVERTIBLE BOND OFFERING - EXERCISE OF MANAGERS` OPTION      
 Further to the announcement made on 19 May 2009 regarding the offering by      
AngloGold Ashanti Holdings Finance plc (the "Issuer") of US$650 million,        
3.5 percent Convertible Bonds due 2014 (the "Bonds") guaranteed by AngloGold    
Ashanti Limited ("AngloGold Ashanti"), AngloGold Ashanti announces that the     
Managers have exercised their option to subscribe for additional Bonds in an    
aggregate principal amount of US$82.5 million (the "Option").                   
  The exercise of the Option increases the size of the offering to US$732.5     
million.  The Bonds will be issued by the Issuer and will, subject to the terms 
and conditions of the Bonds, be convertible into a maximum of                   
15,384,583 American Depositary Shares of AngloGold Ashanti Limited, at the      
initial conversion price of US$47.6126.                                         
This announcement is not an offer of securities for sale in the United        
States.  Securities may not be sold in the United States unless they are        
registered or are exempt from registration.  Neither AngloGold Ashanti Holdings 
Finance plc nor AngloGold Ashanti Limited has registered or intends to register 
any portion of this offering in the United States or to conduct a public        
offering in the United States.                                                  
STABILISATION/FSA                                                               
  This announcement is directed only at persons (i) who are outside the United  
Kingdom or (ii) who have professional experience in matters relating to         
investments falling within Article 19(5) of the Financial Services and Markets  
Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (iii) who
fall within Article 49(2)(a) to (d) of the Order or (iv) to whom this           
announcement may otherwise be directed without contravention of section 21 of   
the Financial Services and Markets Act 2000 (all such persons together being    
referred to as "Relevant Persons").  This announcement is directed only at      
Relevant Persons and must not be acted on or relied on by persons who are not   
Relevant Persons.  Any investment or investment activity to which this          
Announcement relates is available only to Relevant Persons and will be engaged  
in only with Relevant Persons.                                                  
  ENDS                                                                          
20 May 2009                                                                   
  JSE Sponsor - UBS                                                             
Contacts                                                                        
Joanne Jones (Media)  Tel: +27 (0) 11 637- 6813  Mobile: +27 (0) 82 896 0306    
E-mail: jjones@AngloGoldAshanti.com                                           
Stewart Bailey (Investors)  Tel: +1 646 717-3978                                
  E-mail: sbailey@AngloGoldAshanti.com                                          
Disclaimer                                                                      
Certain statements made in this communication contain certain forward-looking  
statements regarding AngloGold Ashanti.  Although AngloGold Ashanti believes    
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. Accordingly, results could differ materially from those set out in
the forward-looking statements as a result of, among other factors, changes in  
economic and market conditions, success of business and operating initiatives,  
changes in the regulatory environment and other government actions, fluctuations
in gold prices and exchange rates, and business and operational risk management.
For a discussion of such factors, refer to AngloGold Ashanti`s annual report for
the year ended 31 December 2008, which was distributed to shareholders on 27    
March 2009 and the company`s annual report on Form 20-F, filed with the         
Securities and Exchange Commission in the United States on May 5, 2009 and      
amended on May 6, 2009. AngloGold Ashanti undertakes no obligation to update    
publicly or release any revisions to these forward-looking statements to reflect
events or circumstances after today`s date or to reflect the occurrence of      
unanticipated events.  All subsequent written or oral forward-looking statements
attributable to AngloGold Ashanti or any person acting on its behalf are        
qualified by the cautionary statements herein.                                  
Date: 20/05/2009 08:00:01 Supplied by www.sharenet.co.za                     
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