ANGLOGOLD LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/17354/06)
("ANGLOGOLD")
EASTVAAL GOLD HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 91/04409/06)
("EASTVAAL")
ACQUISITION OF EASTVAAL BY ANGLOGOLD BY WAY OF A SCHEME OF ARRANGEMENT IN TERMS
OF SECTION 311 OF THE COMPANIES ACT ("THE SCHEME")
THE SCHEME OF ARRANGEMENT IN TERMS OF WHICH:
- EXISTING SHAREHOLDERS OF EASTVAAL WILL RECEIVE NEW ANGLOGOLD SHARES; AND
- EASTVAAL WILL BECOME A WHOLLY-OWNED SUBSIDIARY OF ANGLOGOLD,
WAS SANCTIONED BY THE HIGH COURT OF SOUTH AFRICA (WITWATERSRAND LOCAL DIVISION)
ON 23 JUNE 1998. ALL NECESSARY DOCUMENTS WERE REGISTERED BY THE REGISTRAR OF
COMPANIES ON 10 JULY 1998 ("THE RECORD DATE").
ACCORDINGLY, ALL CONDITIONS PRECEDENT HAVE BEEN FULFILLED AND THE SCHEME
BECOMES OPERATIVE WITH EFFECT FROM TODAY, 13 JULY 1998. THE LISTING OF EASTVAAL
ON THE JOHANNESBURG STOCK EXCHANGE WAS TERMINATED AT THE CLOSE OF TRADING ON 10
JULY. THE EXISTING SHARE CERTIFICATES OF EASTVAAL CEASED TO BE OF ANY VALUE
AFTER 10 JULY 1998, OTHER THAN FOR THE ENTITLEMENT UPON THEIR SURRENDER, TO
RECEIVE THE ABOVEMENTIONED SCHEME CONSIDERATION.
EXISTING MEMBERS OF EASTVAAL WILL RECEIVE 2,30 NEW ANGLOGOLD ORDINARY SHARES
FOR EVERY 100 SHARES HELD ON THE RECORD DATE AND/OR A PRO RATA NUMBER OF
ANGLOGOLD ORDINARY SHARES. FRACTIONS OF NEW ANGLOGOLD SHARES WILL NOT BE
ALLOTTED. IN LIEU THEREOF, EASTVAAL MEMBERS WILL RECEIVE THE CASH EQUIVALENT
REPRESENTING THE VALUE OF SUCH FRACTION BASED ON A PRICE OF R195,00 PER SHARE.
THE ANGLOGOLD SHARE CERTIFICATES AND FRACTIONAL PAYMENTS, IF ANY, DUE TO
MEMBERS OF EASTVAAL WHO SURRENDERED THEIR CERTIFICATES PRIOR TO THE RECORD DATE
WILL BE POSTED ON 17 JULY 1998.
MEMBERS OF EASTVAAL WHO HAVE NOT ALREADY LODGED THEIR SHARE CERTIFICATES MUST
DO SO UNDER COVER OF A SURRENDER FORM IN ORDER TO RECEIVE THEIR ANGLOGOLD SHARE
CERTIFICATES AND CHEQUES FOR FRACTIONAL PAYMENTS, IF ANY.
A FURTHER SURRENDER FORM WILL BE POSTED, TOGETHER WITH A COPY OF THIS
ANNOUNCEMENT, TO ALL MEMBERS ENTITLED HERETO.
JOHANNESBURG
10 JULY 1998
INDEPENDENT FINANCIAL ADVISER TO ANGLOGOLD
WARBURG DILLON READ
LEGAL ADVISERS
WEBBER WENTZEL BOWENS
MAPONYA INC.
INDEPENDENT FINANCIAL ADVISER TO EASTVAAL
FIRSTCORP MERCHANT BANK LIMITED
JOINT SPONSORING BROKERS IN SOUTH AFRICA
WARBURG DILLON READ
SMITH BORKUM HARE
SPONSORING BROKER IN THE UNITED KINGDOM
WARBURG DILLON READ