AGL - Anglo American plc - Notification

AGL - Anglo American plc - Notification                                         
Anglo American plc                                                              
Incorporated in the United Kingdom                                              
(Registration number: 3564138)                                                  
Short name: Anglo                                                               
Share code: AGL                                                                 
ISIN number: GB00B1XZS820                                                       
Anglo American plc notification:                                                
De Beers Societe Anonyme interim results 2011                                   
Anglo American wishes to draw attention to the De Beers Societe Anonyme ("De    
Beers") announcement of its results for the six months ended 30 June 2011. De   
Beers reported Underlying earnings of US$666 million.                           
Anglo American plc ("Anglo American") arrives at its Underlying earnings in     
respect of De Beers by accounting for the interests arising from the ordinary   
shares it holds. Anglo American will therefore report underlying earnings of    
US$299 million for the six months ended 30 June 2011 from its investment in De  
Beers, as reconciled in the table below:                                        
                                                                $m              
                                                                                
De Beers Underlying earnings (100%)                              666            
Difference in IAS 19 accounting policy                           (1)            
De Beers Underlying earnings - Anglo American plc basis (100%)   665            
                                                                                
Anglo American plc`s 45% ordinary share interest                 299            
                                                                                
Contribution to Anglo American plc underlying earnings           299            
In the six months ended 30 June 2011, Anglo American received US$22 million in  
dividends from De Beers. In addition, $45 million of the outstanding shareholder
loans to De Beers were repaid during the period.                                
Anglo American will report results for the six months ended 30 June 2011 on     
29 July 2011.  The above figures are unaudited.                                 
Underlying Earnings                                                             
Underlying Earnings is net profit attributable to equity shareholders, adjusted 
to remove special items and remeasurements, and any related tax and non-        
controlling interests. Special items are those items of financial performance   
that the Group believes should be excluded from underlying financial            
performance. Operating special items include impairment charges and reversals   
and other exceptional items, including restructuring costs. Non-operating       
special items include profits and losses on disposals of investments and        
businesses as well as certain adjustments relating to business combinations.    
Remeasurements include adjustments to ensure that the unrealised gains or losses
on non-hedge derivative instruments are recorded in underlying earnings in the  
same period as the underlying transaction against which these instruments       
provide an economic, but not formally designated, hedge as well as foreign      
exchange impact arising in US dollar functional currency entities on  deferred  
tax balances.                                                                   
26 July 2011                                                                    
Sponsor: UBS South Africa (Pty) Ltd                                             
Date: 26/07/2011 10:05:01 Supplied by www.sharenet.co.za                     
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