ANGLOGOLD LIMITED - TRADE IN ANGLOGOLD SHARES BY DIRECTORS IN TERMS OF THE

ANGLOGOLD LIMITED - TRADE IN ANGLOGOLD SHARES BY DIRECTORS IN TERMS OF THE      
ANGLOGOLD SHARE INCENTIVE SCHEME                                                
ANGLOGOLD LIMITED                                                               
(Registration number 1944/017354/06)                                         
   (Incorporated in the Republic of South Africa)                               
   ("AngloGold")                                                                
   ISIN: ZAE000043485    JSE Share code: ANG                                    
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                                 19 March 2004           
Type of interest                                        Beneficial              
Number of shares                                        2,600                   
Date options granted                                    16 February 1998        
Vesting period                                          Over a 5 year period    
Option exercise price                                   R104.00                 
Sale price   (average)                                  R276.8153               
% of total shares in issue                              0.001164593             
24 March 2004                                                                
   Sponsor: UBS                                                                 
Date: 24/03/2004 10:28:50 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department