Anglogold Limited - Press Release

ISIN CODE : ZAE000014601
SHARE CODE : ANG

ANGLOGOLD GETS APPROVAL FROM SOUTH AFRICAN RESERVE BANK

AngloGold Limited is pleased to announce that it has received permission
from the South African Reserve Bank to proceed with its proposed acquisition
of Normandy Mining Limited.

AngloGold announced its intention to make an offer to acquire the entire
issued share capital of Normandy on September 5, on the basis of 2.15
AngloGold shares per 100 Normandy shares.

Approval of the transaction by the South African Reserve Bank was one of
several conditions of the proposed offer. This approval has now been
granted.

AngloGold chairman and CEO, Bobby Godsell, said:  "This affirms the South
African Government's approval for the strategy that AngloGold is pursuing,
namely to continue to grow this company through value-enhancing global
consolidation."

"The proposed merger with Normandy is a company-transforming event for
AngloGold and an important strategic move that improves our core asset base
and future growth prospects in each of the regions in which we operate," he
said.

"The transaction further diversifies risk and enhances AngloGold's earnings
outlook to produce a company of sufficient scale to take the lead in ongoing
industry rationalisation and the benefits that will flow from this."

On completion of a successful transaction, the new AngloGold is expected to
have combined annual production of over 9 million ounces of gold and
reserves of 106 million ounces.

AngloGold is a company that targets competitive returns on shareholders'
equity and capital employed, generates strong cash flows per share, and
provides a good dividend payout after providing for long-term growth.
For the six months ended 30 June 2001, AngloGold reported an operating
profit of US$234 million, and a net profit of US$106 million, with US$92
million paid out in dividends. Production from outside South Africa grew to
33%, operating profits to 46%, EBITDA to 51% and cash earnings to 56%.
Ends
www.anglogold.com
Queries :
In South Africa
Steve Lenahan
+2711 637 6248 (tel)
+2711 637 6107 (fax)
+27 83 308 2200 (mobile)
slenahan@anglogold.com
In the UK
Alex Buck
+44 20 7664 8712 (tel)
+44 20 7664 8711 (fax)
+44 7932 2740 452 (mobile)
abuck@anglogold.com
In the USA
Charles Carter
800 417 9255 toll free
+1 212 750 7999 (tel)
+1 212 750 5626 (fax)
ccarter@anglogold.com
In Australia
Andrea Maxey
+61 8 9425 4604 (tel)
+61 8 9625 4650 fax)
+61 438 001 393 (mobile)
amaxey@anglogold.com.au
Helpline

AngloGold has established a toll-free shareholder information line in
Australia, which can be accessed by dialling: 1800 770 019