NEWS RELEASE CORPORATE COMMUNICATIONS DEPARTMENT 12TH FLOOR, 11 DIAGONAL STREET JOHANNESBURG 2001 TELEPHONE: (+27 11) 637-6147 FAX: (+27 11) 637 6399/6400 16 NOVEMBER 1999 WWW.ANGLOGOLD.COM QUERIES : JAMES DUNCAN - SA (+27 11) 637 6147 (W) (+27 11) 849 4161 (H) (+27) 82 892 8052 (M)
STEVE LENAHAN - (AUSTRALIA UNTIL CLOSE OF BUSINESS 16/11/99) (+27 11) 83 308 2200 (M) (USA FROM 18/11/99) (+1 917) 368 8075 (W) CHARLES CARTER - USA (+1 800) 417 9255 (TOLL-FREE) (+1 303) 888 7412 (M) BRIAN MAHONEY - (FCR - AUSTRALIA) 61 2 9235 1666 (W) 61 2 9235 1920 (H) 0143 437 627 (M) ANGLOGOLD LISTS ON THE AUSTRALIAN STOCK EXCHANGE
ANGLOGOLD, THE WORLD'S LARGEST GOLD PRODUCER, TODAY (16 NOVEMBER 1999) LISTED ON THE AUSTRALIAN STOCK EXCHANGE (ASX). THIS IS A FULL COMPLIANCE LISTING AND A PROPORTION OF ANGLOGOLD'S MARKET CAPITALISATION WILL BE ELIGIBLE FOR INCLUSION IN THE ALL ORDINARIES INDEX AND THE ASX GOLD INDEX FROM 3 APRIL 2000.
THE COMPANY WILL TRADE UNDER THE SYMBOL AGG. THE PROPORTION OF ANGLOGOLD'S MARKET CAPITALIZATION TO BE INCLUDED IN THE ALL ORDINARIES INDEX WILL BE DETERMINED ON A CONTINUOUS BASIS BY THE NUMBER OF ANGLOGOLD SHARES REGISTERED IN AUSTRALIA FROM 3 APRIL 2000.
SAYS BOBBY GODSELL, ANGLOGOLD CEO, "THIS LISTING IS AN IMPORTANT STEP IN THE PROCESS OF OUR BECOMING A GLOBAL GOLD COMPANY. THE DEVELOPMENT OF A SIGNIFICANT AUSTRALIAN PRESENCE - AS A PRODUCER AND LISTED COMPANY - IS A KEY FACET OF ANGOGOLD'S GLOBAL GROWTH STRATEGY. WE BELIEVE WE HAVE A LOT TO OFFER THE AUSTRALIAN INVESTOR: * AN INVESTMENT IN A HIGHLY LIQUID GLOBAL COMPANY;
* A STAKE IN THE WORLD'S LARGEST GOLD COMPANY (PRODUCING 7 MILLION OUNCES OF GOLD PER ANNUM) WITH THE LARGEST RESERVES (126 MILLION OUNCES) AND RESOURCES (173 MILLION OUNCES);
* EXPOSURE TO DIVERSIFIED ASSETS - IN UNDERGROUND AND OPEN PIT MINING AT 21 OPERATIONS IN SIX COUNTRIES ON THREE CONTINENTS;
* PARTICIPATION IN A WORLD-WIDE EXPLORATION PROGRAMME IN 12 COUNTRIES ON THREE CONTINENTS;
* A TRACK RECORD OF ENHANCING SHAREHOLDER WEALTH THROUGH CONSISTENT GROWTH IN EARNINGS AND DIVIDENDS DESPITE THE VOLATILE GOLD PRICE;
* INVESTMENT IN A COMPANY THAT IS DETERMINED TO DEVELOP AND GROW THE MARKET FOR ITS PRODUCT."
ANGLOGOLD IS ALSO LISTED ON THE JOHANNESBURG, NEW YORK, LONDON, PARIS AND BRUSSELS STOCK EXCHANGES. THE COMPANY HAS A WORLDWIDE MARKET CAPITALIZATION OF A$9 BILLION. OFFER TO ACACIA SHAREHOLDERS POSTED TODAY
TODAY (16 NOVEMBER 1999) ANGLOGOLD ALSO POSTED ITS OFFER (PART A) TO ACACIA SHAREHOLDERS TO ACQUIRE ALL OF THE SHARES IN ACACIA RESOURCES. THE OFFER IS UNCONDITIONAL, AND WILL REMAIN OPEN UNTIL 17 DECEMBER 1999.
SAYS BOBBY GODSELL, "SHOULD THE OFFER SUCCEED, THIS WILL PROVIDE ANGLOGOLD WITH AN EXCELLENT FOUNDATION IN AUSTRALIA. THE ADDITION OF ACACIA'S COST-EFFECTIVE PRODUCTION, WITH ITS GOOD PROSPECTS, EXPERIENCED EXPLORATION TEAM AND EXISTING INVESTOR BASE, WILL BE AN IMPORTANT STEP IN MAKING ANGLOGOLD THE GLOBAL GOLD INVESTMENT OF CHOICE. ACACIA SHAREHOLDERS HAVE AN OPPORTUNITY TO BECOME PART OF THIS GLOBAL COMPANY AT AN ATTRACTIVE PRICE." 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 DECEMBER 31, 1998 WHICH WAS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 30, 1999 ENDS