ANGLOGOLD LIMITED - NEWS RELEASE

ANGLOGOLD LIMITED - NEWS RELEASE                                                
ANGLOGOLD LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration Number: 1944/017354/06)                                           
ISIN Number:ZAE000043485                                                        
JSE Share Code: ANG                                                             
NYSE Ticker: AU                                                                 
CORPORATE AFFAIRS DEPARTMENT                                                    
16th Floor, 11 Diagonal Street, Johannesburg 2001, South Africa                 
Tel: (+27 11) 637-6385 or Fax: (+27 11) 637-6399/6400                           
AM/CAD/AGO391.04                                                                
20 January 2004                                                                 
AngloGold receives payment from Tanami Gold in Western Tanami Project sale      
AngloGold Australia Ltd is pleased to announce that it has received payment from
Tanami Gold NL as consideration for Tanami Gold"s purchase of the Western Tanami
Project.                                                                        
Tanami Gold has made a cash payment of A$3.75 million and issued 25 million     
fully paid ordinary shares to AngloGold Australia to complete the transaction.  
This follows an initial payment of A$250,000 when the companies signed a Heads  
of Agreement on November 24, 2003. AngloGold Australia is now Tanami Gold"s     
largest shareholder with 10.25% of the company"s ordinary shares.               
Under the terms of the agreement, Tanami Gold will make a further payment of A$5
million within 120 days of Friday, January 16, 2004. The company has also agreed
to the payment of a royalty to AngloGold Australia.                             
The Western Tanami Project, located in the Tanami Desert in Western Australia,  
includes the Coyote deposit where Tanami Gold is currently undertaking a        
detailed review of all technical data and an inspection of drill core with a    
view to starting a drilling program in the March 2004 quarter.                  
Queries:                                                                        
www.anglogold.com                                                               
South Africa        Tel:             Mobile:          E-mail:                   
Steve Lenahan       +27 11 637 6248  +27 83 308 2200  slenahan@anglogold.com    
Europe & Asia                                                                   
Tomasz Nadrowski                     +1 917 912 4641  tnadrowski@anglogold.com  
Australia                                                                       
Andrea Maxey        +61 8 9425 4604  +61 438 001 393  amaxey@anglogold.com.au   
Date: 20/01/2004 11:43:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department