ANGLOGOLD LIMITED - DEALINGS IN SECURITIES BY DIRECTORS

ANGLOGOLD LIMITED - DEALINGS IN SECURITIES BY DIRECTORS                         
ANGLOGOLD LIMITED                                                               
(Registration number 1944/017354/06)                                            
(Incorporated in the Republic of South Africa)                                  
("AngloGold")                                                                   
JSE Share code: ANG                                                             
ISIN: ZAE000043485                                                              
DEALINGS IN SECURITIES BY DIRECTORS OF ANGLOGOLD LIMITED IN TERMS OF THE        
ANGLOGOLD SHARE INCENTIVE SCHEME                                                
In terms of JSE Listings Requirement 3.63 we give notice that the following     
directors have exercised share options, after having received clearance to do so
in terms of Listings Requirement 3.66.  The options were granted in terms of the
AngloGold Share Incentive Scheme.  This resulted in the following ordinary      
shares of the company having been allotted and traded on the JSE:               
Details                                                                         
K H Williams                    

Date exercised and sold                                                         
                                                24 December 2003                
Type of interest                                                                
Beneficial                      

Number of shares                                                                
                                                1,000                           
Date options granted                                                            
16 February 1998                

Vesting period                                                                  
                                                Over a 5 year period            
Option exercise price                                                           
R104.00                         

Sale price   (average)                                                          
                                                R301.8080                       
% of total shares in                                                            
issue                                           0.0004481605                    
29 December 2003                                                                
Sponsor                                                                         
UBS                                                                             
Date: 29/12/2003 01:00:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department