ANGLOGOLD LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/17354/06)
("ANGLOGOLD")
AND
EAST RAND GOLD AND URANIUM COMPANY LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 71/07001/06)
("ERGO")
EASTVAAL GOLD HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 91/04409/06)
("EASTVAAL")
ELANDSRAND GOLD MINING COMPANY LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 74/01477/06)
("ELANDSRAND")
FREEGOLD
FREE STATE CONSOLIDATED GOLD MINES LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/28210/06)
("FREEGOLD")
SOUTHVAAL HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 66/11806/06)
("SOUTHVAAL")
WESTERN DEEP LEVELS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 57/02349/06)
("WESTERN DEEPS")
HJ JOEL GOLD MINING COMPANY LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 85/01995/06)
("JOEL")
(COLLECTIVELY "THE PARTICIPATING COMPANIES")
ACQUISITION OF THE PARTICIPATING COMPANIES BY ANGLOGOLD BY WAY OF SCHEMES OF
ARRANGEMENT IN TERMS OF SECTION 311 OF THE COMPANIES ACT ("THE SCHEMES")
THE SCHEMES IN TERMS OF WHICH:
- EXISTING SHAREHOLDERS OF THE PARTICIPATING COMPANIES WILL RECEIVE NEW
ANGLOGOLD SHARES (IN THE RATIOS ANNOUNCED ON 30 MARCH 1998) FOR THEIR SHARES
HELD ON THE RECORD DATE; AND
- THE PARTICIPATING COMPANIES WILL BECOME WHOLLY-OWNED SUBSIDIARIES OF
ANGLOGOLD,
WERE SANCTIONED BY THE HIGH COURT OF SOUTH AFRICA (WITWATERSRAND LOCAL
DIVISION) ON 23 JUNE 1998.
IN RESPECT OF ALL OF THE PARTICIPATING COMPANIES, EXCEPT EASTVAAL, THE RECORD
DATE IS 26 JUNE. FOR EASTVAAL, THE DATE IS 10 JULY.
SUBJECT TO REGISTRATION OF ALL NECESSARY DOCUMENTS (OTHER THAN THE DOCUMENTS
RELATING TO EASTVAAL) BY THE REGISTRAR OF COMPANIES ON 26 JUNE 1998, THE
SCHEMES (OTHER THAN THE EASTVAAL SCHEME) WILL BECOME OPERATIVE WITH EFFECT FROM
29 JUNE 1998.
IN THE CASE OF EASTVAAL, THE RELEVANT DOCUMENTS ARE EXPECTED TO BE REGISTERED
BY THE REGISTRAR OF COMPANIES ON 10 JULY 1998 AND CONSEQUENTLY, THE EASTVAAL
SCHEME WILL BECOME OPERATIVE WITH EFFECT FROM 13 JULY 1998.
THERE WILL BE A FURTHER COMMUNICATION TO SHAREHOLDERS OF THE PARTICIPATING
COMPANIES IN THE PRESS FOLLOWING THE REGISTRATION PROCEDURE SCHEDULED FOR 26
JUNE 1998.
AT THE END OF SEPTEMBER, ANGLOGOLD WILL MOVE ITS CORPORATE OFFICE FROM ANGLO
AMERICAN CORPORATION'S HEAD OFFICE COMPLEX IN MARSHALLTOWN, JOHANNESBURG TO 11
DIAGONAL STREET, IN THE CITY'S CBD.
JOHANNESBURG
24 JUNE 1998
INDEPENDENT FINANCIAL ADVISER TO ANGLOGOLD
SBC WARBURG DILLON READ
LEGAL ADVISERS
WEBBER WENTZEL BOWENS
MAPONYA INC.
INDEPENDENT FINANCIAL ADVISER TO ERGO, ELANDSRAND, FREEGOLD AND WESTERN DEEPS
STANDARD CORPORATE AND MERCHANT BANK
JOINT SPONSORING BROKERS IN SOUTH AFRICA
SBC WARBURG DILLON READ
SMITH BORKUM HARE
INDEPENDENT FINANCIAL ADVISER TO EASTVAAL, JOEL AND SOUTHVAAL
FIRSTCORP MERCHANT BANK LIMITED
SPONSORING BROKER IN THE UNITED KINGDOM
SBC WARBURG DILLON READ