ANGLOGOLD PUBLISHES ITS ANNUAL REPORT FOR 2002 TODAY

ANGLOGOLD PUBLISHES ITS ANNUAL REPORT FOR 2002 TODAY                            
Press release                                                                   
Anglogold Limited                                                               
(Incorporated in the Republic of South Africa)  CORPORATE AFFAIRS DEPARTMENT    
(Registration Number: 1944/017354/06)           16th Floor, 11 Diagonal Street, 
ISIN Number:ZAE000043485                        Johannesburg 2001, South Africa 
JSE Share Code: ANG                             Tel: (+27 11) 637-6385 or       
NYSE Ticker: AU                                 Fax: (+27 11) 637-6399/6400     
                                                SKB/CAD/AGO353.03               
                                                27 March 2003                   
ANGLOGOLD PUBLISHES ITS ANNUAL REPORT FOR 2002 TODAY                            
In the AngloGold Annual Report 2002 published today, AngloGold Chairman Russell 
Edey and Deputy Chairman James Motlatsi say that the company has performed well,
reflecting the benefits of the company"s growth and risk diversification        
strategy.                                                                       
Although gold production declined with the sale of the Free State mines in South
Africa, total cash costs were down year-on-year by 10% to $161/oz and headline  
earnings increased by 29% on the 2001 performance, to $368 million.  Returns on 
capital and equity for the year were 15% and 21% respectively.                  
Turning to South Africa"s Mineral and Petroleum Resources Development Act and   
Socio-economic Empowerment Charter, they comment that AngloGold entirely        
endorses the Charter"s focus on human capital development.  `"We will continue  
to apply energy and substantial resources to workplace and literacy training,   
tertiary education and the development of effective secondary schools in the    
areas of Southern Africa from where we draw human resources.""                  
Referring to the Charter"s scorecard, Edey and Motlatsi say: `"The Charter is a 
document which, if implemented in the spirit in which it has been developed,    
will be a valuable tool in turning the country"s extraordinary mineral endowment
into real wealth to the benefit of all of South Africa"s people.""              
In an interview in the Annual Report, AngloGold CEO Bobby Godsell responds to   
questions on the Charter and says: `"What the Charter is turning out to be is a 
test of the social licence.  A business will only survive if it benefits all of 
its stakeholders over time - if people, the community, customers, employees and 
shareholders are left better off having an association with the company.  I     
think it"s a very good document and it is going to make the South African       
industry more competitive, not less, and lead to greater wealth creation, not   
less.`"                                                                         
FURTHER EXTRACTS FROM THE INTERVIEW WITH BOBBY GODSELL FOLLOW:                  
What shareholders can expect in 2003                                            
"We are going to mine 6Moz of gold, we are going to mine it at a good cost, we  
are going to generate a lot of profit and we would be hoping to pay a really    
decent dividend.  We hope that our price reflects the benefit of that,          
particularly over time."                                                        
About costs                                                                     
"We can"t manage the price 'of gold'.  We can"t manage the exchange rate.  What 
we can manage are the costs and so our target is that we will keep our cost     
increases in South Africa to two-thirds of the country"s inflation rate."       
On the improvement in the gold price in 2002                                    
"What pleases me is that the ghosts around the gold price have gone away.  For  
over a decade- and-a-half people have argued that gold has lost its glister,    
that gold is no longer a store of value, that gold is something that only       
primitive people want and hold, that the dollar will be strong forever, that the
US equity markets will grow by 30% a year forever.  That has gone away."        
"I think the negative sentiment has gone away and that there"s more upside than 
downside in the price.  We never predict it."                                   
On the gold industry                                                            
"It"s very interesting that the first sentence of every conversation about gold 
is a conversation about price.  It"s indicative of an industry that hasn"t grown
up, because industries don"t do well because of price, they do well because of  
profit."                                                                        
"The gold industry is not very customer orientated.  An industry that forgets   
its customers will, and deserves to, go out of business.  The customers of gold 
are overwhelmingly people who buy jewellery - 80% of 4,000t of annual production
goes into jewellery.                                                            
"For the last five years we have been looking at the customer and we would like 
to be part of modernising gold jewellery...we want to revolutionise what we     
offer our customers."                                                           
ends                                                                            
To view the Annual Report, please visit the AngloGold website:                  
http://www.anglogold.co.za/