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AGL - Anglo American plc - Anglo American to oppose injunction on sale of

Release Date: 16/11/2011 07:10
Code(s): AGL
Wrap Text

AGL - Anglo American plc - Anglo American to oppose injunction on sale of further shares in Anglo American Sur Anglo American plc ("the Company") Incorporated in the United Kingdom (Registration number: 3564138) Short name: Anglo Share code: AGL ISIN number: GB00B1XZS820 Anglo American to oppose injunction on sale of further shares in Anglo American Sur Anglo American plc ("Anglo American") notes the injunction granted by the Court of Appeals in Santiago, Chile in relation to Anglo American`s ability to dispose of further shares in Anglo American Sur ("AAS"). The option agreement between Anglo American, certain of its affiliates and Codelco, expressly contemplates the eventuality of Anglo American disposing of its AAS shares at any time prior to the date on which the option may be exercised and therefore no longer holding 100% of the shares in AAS. In such an eventuality, the percentage of shares in AAS over which Codelco may exercise its option is reduced by the percentage of shares in AAS not held by Anglo American at the time of exercise. The option is exercisable only during the month of January every three years until January 2027. The injunction does not apply to the transaction between Anglo American and Mitsubishi Corporation which completed on 9 November 2011. Anglo American intends to file a response to the injunction and will take such other steps as are necessary to protect its rights. For further information, please contact: Media Investors UK UK James Wyatt-Tilby Leng Lau Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8540 Emily Blyth Caroline Crampton (nee Metcalfe) Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 2192 Chile Leisha Wemyss Marcelo Esquivel Tel: +44 (0)20 7968 8607 Tel: +56 2 230 6584 Notes to editors: Anglo American plc is one of the world`s largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American`s portfolio of mining businesses spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds. Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company`s mining operations and extensive pipeline of growth projects are located in southern Africa, South America, Australia, North America and Asia. www.angloamerican.com 16 November 2011 Sponsor: UBS South Africa (Pty) Ltd Date: 16/11/2011 07:10:54 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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