ANGLOGOLD ASHANTI LIMITED - Anglogold Ashanti appoints Venkatakrishnan as CEO

Anglogold Ashanti appoints Venkatakrishnan as CEO

AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa \ Reg. No. 1944/017354/06)
ISIN No. ZAE000043485 – JSE share code: ANG \ CUSIP: 035128206 – NYSE share code: AU
Website: www.anglogoldashanti.com



News Release
May 8, 2013

ANGLOGOLD ASHANTI APPOINTS VENKATAKRISHNAN AS CEO

(ANGLOGOLD ASHANTI) – AngloGold Ashanti announces the appointment of Mr.
Srinivasan Venkatakrishnan (Venkat) as Chief Executive Officer effective
immediately.

Venkat has been with AngloGold Ashanti for nine years. He was the Chief Financial
Officer at Ashanti Goldfields until that company’s merger with AngloGold Limited in
May 2004, creating what is now AngloGold Ashanti. Shortly after the merger he
became Chief Financial Officer of the combined entity and joined the board in 2005.
Venkat had also previously been a Director of Corporate Reorganisation Services at
Deloitte & Touche in London.

More recently, following the departure of the former CEO at the beginning of April
2013, Venkat has been joint interim CEO of the Company, alongside Mr. Tony
O’Neill. Mr. O’Neill will remain an executive director on the board and revert to his
role as Executive Vice President: Business and Technical Development. Venkat will
also remain CFO of AngloGold Ashanti until further notice. A global search for a new
CFO has been initiated.

Venkat has an extensive knowledge of the Company and its international portfolio of
assets, as well as significant financial and capital markets expertise. In his role as
CFO he has overseen funding for all of AngloGold Ashanti’s operating activities,
giving him a detailed knowledge of all of our mines and operating jurisdictions. He
was the executive responsible for eliminating a 12Moz hedge book, generating
significant value for the company, and was the key executive behind rebuilding the
balance sheet through a series of successful debt financings that introduced long-
term tenor and more favourable funding terms to the company’s credit profile.

“We’re extremely pleased to have an executive of Mr. Venkatakrishnan’s calibre to
lead AngloGold Ashanti through the next phase of its development,” AngloGold
Ashanti Chairman Mr. Tito Mboweni, said. “He will enjoy my personal support and
the full support of the board as he brings his extensive experience to complement
the impressive depth of our operating and strategic talent.”
“AngloGold Ashanti has a proud history, high-quality assets and a deep pool of
world class talent,” Venkat said. “We will build on the good work done over the years
in order to realise the value inherent in our portfolio, while placing a sharp focus on
returns, margins and free cashflow.”

Additional detail on the progress made with respect to AngloGold Ashanti’s near-
term operational objectives, outlined in February, will be provided at the presentation
of the first-quarter results on May 13. Venkat will work with his executive team in the
coming months to define the company’s approach to realising value for
shareholders.

About AngloGold Ashanti
AngloGold Ashanti is a global gold mining company and the world’s third largest
gold producer. Headquartered in Johannesburg, South Africa, AngloGold Ashanti
has 20 operations on four continents and one of the gold industry’s most successful
exploration teams which work across both the established and new gold producing
regions of the world. This includes land positions in Colombia, Guinea and Australia,
among others. AngloGold Ashanti produced 3.944Moz of gold in 2012, generating
$6.35bn in gold income. As at 31 December 2012, AngloGold Ashanti’s Ore
Reserve totalled 74.1Moz.

The primary listing of the company’s ordinary shares is on the JSE Limited (JSE). Its
ordinary shares are also listed on stock exchanges in London and Ghana, as well as
being quoted in New York in the form of American Depositary Shares (ADSs), in
Australia, in the form of CHESS Depositary Interests (CDIs) and in Ghana, in the
form of Ghanaian Depositary Shares (GhDSs).

JSE Sponsor: UBS South Africa (Pty) Limited

ENDS
Contacts

Media
Alan Fine +27 83 250 0757
Stewart Bailey +1 646 338 4337/ +27-83-253-2021
Chris Nthite +27-83-301-2481

Investors
investors@anglogoldashanti.com
Stewart Bailey (US) +1 646 338 4337 / +27-83-253-2021
Sabrina Brockman (US & Canada) +1 (212) 858 7702 / +1 646 379 2555
Mike Bedford (UK & Europe) +44 779 497 7881 / +27-82-374-8820
Fundisa Mgidi (SA) +27 11 637 6763/ +27-820-821-5322

Certain statements contained in this document, other than statements of historical fact, including, without limitation, those
concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs and
other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti’s
operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion
of commercial operations of certain of AngloGold Ashanti’s exploration and production projects and the completion of
acquisitions and dispositions, AngloGold Ashanti’s liquidity and capital resources and capital expenditures and the outcome
and consequence of any potential or pending litigation or regulatory proceedings or environmental issues, are forward-looking
statements regarding AngloGold Ashanti’s operations, economic performance and financial condition. These forward-looking
statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti’s
actual results, performance or achievements to differ materially from the anticipated results, performance or achievements
expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations
reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations
will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements
as a result of, among other factors, changes in economic, social and political and market conditions, the success of business
and operating initiatives, changes in the regulatory environment and other government actions, including environmental
approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, and
business and operational risk management. For a discussion of such risk factors, refer to the document entitled “Risk factors
related to AngloGold Ashanti’s suite of 2012 reports” on the AngloGold Ashanti online corporate report website at www.aga-
reports.com. These factors are not necessarily all of the important factors that could cause AngloGold Ashanti’s actual results
to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also
have material adverse effects on future results. Consequently, readers are cautioned not to place undue reliance on forward-
looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-
looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events,
except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to
AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein. This communication
may contain certain “Non-GAAP” financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures
and ratios in managing its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative
for, the reported operating results or cash flow from operations or any other measures of performance prepared in accordance
with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other
companies may use. AngloGold Ashanti posts information that is important to investors on the main page of its website at
www.anglogoldashanti.com and under the “Investors” tab on the main page. This information is updated regularly. Investors
should visit this website to obtain important information about AngloGold Ashanti.

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