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ANGLO AMERICAN PLC - Anglo American and Lafarge announce the sale of a portfolio of Tarmac and Lafarge construction materials operations

Release Date: 16/11/2012 10:44
Code(s): AGL     PDF:  
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Anglo American and Lafarge announce the sale of a portfolio of Tarmac and Lafarge construction materials operations

Anglo American plc

NEWS RELEASE
Anglo American plc (“the Company”)
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820

16 November 2012


Anglo American and Lafarge announce the sale of a portfolio of Tarmac and Lafarge
construction materials operations in the UK to Mittal Investments generating cash of up to
£285 million

Lafarge SA and Anglo American plc announce that they have agreed to sell a portfolio
of Tarmac and Lafarge construction materials operations in the UK and Tarmac’s 50% ownership
interest in Midland Quarry Products Limited (MQP) to Mittal Investments, the private investment
vehicle of the Lakshmi N. Mittal family. The consideration paid by Mittal Investments for the assets is
£272 million including up to £30 million contingent on the performance of the underlying assets over
the next three years. In addition, an estimated amount of £13 million, which relates to working capital
of the divested assets not transferring with the business, will be released as funding to the 50:50 joint
venture between Lafarge and Tarmac.

The divestments, which are conditional upon regulatory approval, comprise:
    -   a cement plant in Hope, Derbyshire, with a capacity of 1.4 million tonnes, and related depots;
    -   a network of 172 ready mix concrete plants;
    -   five aggregates quarries, two asphalt plants, one marine aggregates wharf and one rail-linked
        aggregates depot; and
    -   the sale of Tarmac 50% ownership interest in MQP, which is also subject to regulatory
        approval and a right of pre-emption in favour of Hanson Quarry Products Europe Limited.

The sale of these assets is the principal condition to receiving final clearance from the Competition
Commission for the formation of a 50:50 joint venture, which will combine Tarmac’s and Lafarge’s
cement, aggregates, ready-mixed concrete, asphalt and asphalt surfacing and maintenance services,
and waste services businesses in the United Kingdom (the “JV”).

Completion of the JV is expected in early 2013 and once established, it will create a new, leading UK
construction materials company, with a portfolio of high quality assets, drawing on the complementary
geographical distribution of operations, the skills of two experienced management teams, and a
portfolio of well-recognised, innovative brands.

The transaction announced today is a major step towards finalising this JV. A further announcement
will be made in due course.
For further information, please contact:

Anglo American
Media                                                        Investors

James Wyatt-Tilby                                            Leng Lau
Tel: +44 (0)20 7968 8759                                     Tel: +44 (0)20 7968 8540

Emily Blyth                                                  Sarah McNally
Tel: +44 (0)20 7968 8481                                     Tel: +44 (0)20 7968 8747



Lafarge
Media                                                       Investors
Caroline Ryan                                               Stéphanie Billet
Tel: + 33(0) 1 44 34 92 51                                  Tel: +33 (0) 1 44 34 93 71

Mélanie Coviaux                                             Danièle Daouphars
Tel: +33(0) 1 44 34 18 18                                   Tel: +33 (0) 1 44 34 11 51

Caroline Winkler                                            Laurence Le Gouguec
Tel: + 33(0) 1 44 34 11 70                                  Tel: +33 (0) 1 44 34 94 59


Notes to editors:

Anglo American 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, extensive
pipeline of growth projects and exploration activities span southern Africa, South America, Australia,
North America, Asia and Europe. www.angloamerican.com

Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses:
Cement, Aggregates & Concrete and Gypsum. With 76,000 employees in 78 countries, Lafarge
posted sales of Euros 16.2 billion in 2010. Lafarge was ranked 6th in the "Carbon Disclosure Project"
and entered the global "Dow Jones Sustainability Index" in 2010 in recognition of its sustainable
development actions. With the world’s leading building materials research facility, Lafarge places
innovation at the heart of its priorities, working for sustainable construction and architectural creativity.
Additional information is available on the web site at www.lafarge.com

Sponsor: UBS South Africa (Pty) Ltd

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