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Commencement of Cash Tender Offer for Any and All of the 3.50% Guaranteed Convertible Bonds Due 2014
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
26 July 2013
AngloGold Ashanti Holdings plc Announces Commencement of Cash Tender
Offer for Any and All of the 3.50% Guaranteed Convertible Bonds Due 2014 of
AngloGold Ashanti Holdings Finance plc
AngloGold Ashanti Holdings plc (the “Company”) today announced that it has commenced a cash
tender offer to purchase for cash any and all of the outstanding 3.50% Guaranteed Convertible
Bonds Due 2014 (CUSIP/ISIN Nos. 03512QAA5 / US03512QAA58 and G03791AA1 /
XS0430548056) (the “Bonds”) of AngloGold Ashanti Holdings Finance plc. The tender offer (the
“Offer”) is being made upon the terms and subject to the conditions set forth in the Company’s Offer
to Purchase, dated July 25, 2013 (the “Offer to Purchase”). The Offer will expire at 11:59 p.m., New
York City time, on August 21, 2013, unless it is extended or earlier terminated by the Company
(such date and time as may be extended by the Company, the “Expiration Time”). As of July 25,
2013, there was $732,500,000 aggregate principal amount of Bonds outstanding. Capitalized terms
not otherwise defined in this announcement have the same meaning as ascribed to them in the Offer
to Purchase.
Principal Amount Purchase
Title of Security (1)
ISIN CUSIP Outstanding Price
3.50%
Guaranteed
US03512QAA58/ 03512QAA5/
Convertible U.S.$732,500,000 U.S.$1,015
XS0430548056 G03791AA1
Bonds
due 2014
(1) Per U.S.$1,000 in principal amount of Bonds accepted for purchase.
Upon the terms and subject to the conditions of the Offer, holders of Bonds who validly tender and
do not validly withdraw their Bonds prior to the Expiration Time, will receive, for each $1,000
principal amount of such Bonds, a cash purchase price equal to $1,015. In addition, holders will
receive, in respect of their Bonds that are accepted for purchase, accrued and unpaid interest on
such Bonds up to, but excluding, the settlement date of the Offer.
The principal purpose of the Offer is to refinance the Bonds using the net proceeds of one or more
financing transactions. The Offer is not subject to any minimum tender condition. However, the
Offer is conditioned upon the completion of one or more financing transactions, including the
Company’s concurrent offering of notes, that result in net proceeds to the Company in an amount
that is no less than the amount required to purchase all of the Bonds tendered pursuant to the Offer
on terms reasonably satisfactory to the Company (the “Financing Condition”). The Offer is also
subject to certain other conditions as more fully described in the Offer to Purchase. The Company
expressly reserves the right in its sole discretion to waive these conditions in whole or in part at any
time.
Withdrawal of Tenders
Holders may withdraw validly tendered Bonds at any time prior to the Expiration Time, but not
afterwards. Holders may not rescind their withdrawal of tenders of Bonds, and any Bonds properly
withdrawn will thereafter be deemed not validly tendered for purposes of the Offer. Properly
withdrawn Bonds may, however, be re-tendered by again following the procedures described herein
at any time on or prior to the Expiration Time.
INDICATIVE TIMETABLE
This is an indicative timetable showing one possible outcome for the timing of the Offer based on the
dates in the Offer to Purchase. This timetable is subject to change and dates and times may be
extended or amended by the Company in accordance with the terms of the Offer as described in the
Offer to Purchase. Accordingly, the actual timetable may differ from the timetable below.
Date and Time Action
July 25, 2013 Launch Date
August 21, 2013, 11:59 p.m., New York City time Withdrawal Deadline
August 21, 2013, 11:59 p.m., New York City time Expiration Time
August 22, 2013 Announcement of Results of the Offer
August 23, 2013 Settlement Date
Announcements
If the Company is required to make an announcement relating to an extension of the Expiration
Time, to a waiver, amendment or termination of the Offer, or to acceptance for payment of the
Bonds, the Company will do so as promptly as practicable, and in the case of an extension, no later
than 9:00 a.m., New York City time, on the next business day after the previously scheduled
Expiration Time.
Announcements in connection with the Offer will be made by the issue of a press release through
the relevant Reuters International Insider Screen and the Singapore Exchange Securities Trading
Limited and by the delivery of notices to the relevant Clearing System for communication to Direct
Participants. Copies of all such announcements, press releases and notices will also be available
from the Depositary and Information Agent. Delays may be experienced where notices are delivered
to the relevant Clearing System and holders are urged to contact the Depositary and Information
Agent for the relevant announcements relating to the Offer. In addition, holders may contact the
Dealer Managers for information.
FURTHER INFORMATION
The Company has retained Global Bondholder Services Corporation to act as the Depositary and
Information Agent in connection with the Offer. The Company has retained Citigroup Global Markets
Inc., Deutsche Bank Securities Inc. and Goldman, Sachs & Co. to act as the Dealer Managers.
Requests for copies of the Offer to Purchase and information in relation to the Offer should be
directed to:
The Depositary:
Global Bondholder Services Corporation
By Regular, Registered or By Facsimile Transmission: Banks and Brokers Call
Certified Mail; 212-430-3775 (for Collect: 212-430-3774
Hand or Overnight Delivery: eligible institutions only) All Others Call Toll Free:
Global Bondholder Services Attention: Corporate Actions +1-866-470-3900
Corporation To confirm receipt of
65 Broadway – Suite 404 facsimile by telephone:
New York, New York 10006 212-430-3774
Attention: Corporate Actions
Any questions or requests for assistance may be directed to the Information Agent or the Dealer
Managers at their respective telephone numbers as set forth below. Any requests for copies of the
Offer to Purchase or related documents may be directed to the Information Agent. A holder may also
contact such holder’s broker, dealer, commercial bank, trust company or other nominee for assistance
concerning the Offer.
The Information Agent:
Global Bondholder Services Corporation
65 Broadway – Suite 404
New York, New York 10006
Attention: Corporate Actions
Banks and Brokers Call: 212-430-3774
Call Toll Free: +1-866-470-3900
Email: contact@gbsc-usa.com
The Dealer Managers for the Offer are:
Citigroup Global Markets Inc. Deutsche Bank Securities Goldman, Sachs & Co.
390 Greenwich Street, 1st Floor New Inc. 60 Wall Street New York, 200 West StreetNew York, New
York, New York 10013 United States New York 10005 United States of York 10282 United States of
of America America America
Attention: Liability Management Attention: Liability Management Attention: Liability Management
Group Group Group
Toll Free (US): +1-800-558-3745 Toll-free (US): +1-855-287-1922 Toll Free (US): +1-800-828-3182
Collect (US): +1-212-723-6106 Collect (US): +1-212-250-7527 Collect (US): +1-212-902-6941
Europe: +44-20-7986-8969 Telephone (Europe): +44-20- Europe: +44-20-7774-9862 Email
7545-8011 (Europe):
Email: liabilitymanagement.eu@gs.com
liabilitymanagement.europe@citi.com Email (Europe):
liability.management@db.com
OFFER AND DISTRIBUTION RESTRICTIONS
This announcement and the Offer to Purchase do not constitute an offer or an invitation to participate
in the Offer in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such
offer or invitation or for there to be such participation under applicable laws. The distribution of the
Offer to Purchase in certain jurisdictions may be restricted by law. Persons into whose possession
the Offer to Purchase comes are required by each of the Company, the Dealer Managers and the
Depositary and Information Agent to inform themselves about and to observe any such restrictions.
United Kingdom
The communication of the Offer to Purchase and any other documents or materials relating to the
Offer has not been approved by an authorized person for the purposes of section 21 of the Financial
Services and Markets Act 2000 (the “FSMA”). Accordingly, such documents and/or materials are not
being distributed to, and must not be passed on to, the general public in the United Kingdom. The
communication of such documents and/or materials is exempt from the restriction on financial
promotions under section 21(1) of the FSMA on the basis that it is only directed at and may only be
communicated to (1) those persons who are existing members or creditors of the Company or other
persons within Article 43(2) of the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005, and (2) any other persons to whom such documents and/or materials may lawfully be
communicated in circumstances in which section 21(1) of the FSMA does not apply to the Company.
Belgium
None of this announcement, the Offer to Purchase or any other documents or materials relating to
the Offer have been submitted to or will be submitted for approval or recognition to the Financial
Services and Markets Authority (Autorité des services et marchés financiers / Autoriteit voor
financiële diensten en markten) and, accordingly, the Offer may not be made in Belgium by way of a
public offering, as defined in Articles 3 and 6 of the Belgian Law of April 1, 2007 on public takeover
bids as amended or replaced from time to time. Accordingly, the Offer may not be advertised and the
Offer will not be extended, and neither this Offer to Purchase nor any other documents or materials
relating to the Offer (including any memorandum, information circular, brochure or any similar
documents) has been or shall be distributed or made available, directly or indirectly, to any person in
Belgium other than “qualified investors” in the sense of Article 10 of the Belgian Law of June 16,
2006 on the public offer of placement instruments and the admission to trading of placement
instruments on regulated markets, acting on their own account. The Offer to Purchase has been
issued only for the personal use of the above qualified investors and exclusively for the purpose of
the Offer. Accordingly, the information contained in this Offer to Purchase may not be used for any
other purpose or disclosed to any other person in Belgium.
France
The Offer is not being made, directly or indirectly, to the public in France. Neither this Offer to
Purchase nor any other documents or offering materials relating to the Offer, has been or shall be
distributed to the public in France and only (i) providers of investment services relating to portfolio
management for the account of third parties (personnes fournissant le service d’investissement de
gestion de portefeuille pour compte de tiers) and/or (ii) qualified investors (investisseurs qualifiés)
acting for their own account, other than individuals, all as defined in, and in accordance with, Articles
L.411-1, L.411-2 and D.411-1 of the French Code monétaire et financier, are eligible to participate in
the Offer. This Offer to Purchase has not been submitted to the clearance procedures (visa) of the
Autorité des marchés financiers.
Italy
None of this announcement, the Offer, the Offer to Purchase or any other documents or materials
relating to the Offer has been or will be submitted to the clearance procedure of the Commissione
Nazionale per le Società e la Borsa (“CONSOB”), pursuant to applicable Italian laws and regulations.
The Offer is being carried out in the Republic of Italy (“Italy”) as an exempted offer pursuant to article
101-bis, paragraph 3-bis of the Legislative Decree No. 58 of February 24, 1998, as amended (the
“Financial Services Act”) and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of May
14, 1999, as amended (the “CONSOB Regulation”). The Offer is also being carried out in
compliance with article 35-bis, paragraph 7 of the CONSOB Regulation.
Holders or beneficial owners of the Bonds located in Italy can offer the Bonds through authorized
persons (such as investment firms, banks or financial intermediaries permitted to conduct such
activities in Italy in accordance with the Financial Services Act, CONSOB Regulation No. 16190 of
October 29, 2007, as amended from time to time, and Legislative Decree No. 385 of September 1,
1993, as amended) and in compliance with applicable laws and regulations or with requirements
imposed by CONSOB or any other Italian authority.
Each intermediary must comply with the applicable laws and regulations concerning information
duties vis-à-vis its clients in connection with the Bonds or the Offer.
Singapore
Neither the Offer to Purchase nor any other documents or materials relating to the Offer has been or
will be registered as a prospectus with the Monetary Authority of Singapore.
South Africa
The Offer is not being made, directly or indirectly, to the public in South Africa. Accordingly, none of
this announcement, the Offer to Purchase or any other documents or materials relating to the Offer
has been or will be (i) registered as a prospectus in terms of the Companies Act No 71 of 2008
(“Companies Act”); and/or (ii) distributed, circulated or otherwise made available, directly or
indirectly, to any person or entity in South Africa, other than to qualifying institutional investors who
are persons or entities referred to in section 96(1)(a) of the Companies Act.
General
Each holder participating in the Offer will be deemed to give certain representations in respect of the
jurisdictions referred to above and generally as set out in the Offer to Purchase in “The Offer—Your
Representation and Warranty.” Any tender of Bonds for purchase pursuant to the Offer from a holder
that is unable to make these representations may be rejected. Each of the Company, the Dealer
Managers and the Depositary and Information Agent reserves the right, in their absolute discretion, to
investigate, in relation to any tender of Bonds for purchase pursuant to the Offer, whether any such
representation given by a holder is correct and, if such investigation is undertaken and as a result the
Company determines (for any reason) that such representation is not correct, such tender may be
rejected.
JSE Sponsor: UBS South Africa (Pty) Limited
ENDS
Contacts
Media Tel: E-mail:
Alan Fine +27-11 637- 6383 / +27 (0) 83 250 0757 afine@anglogoldashanti.com
Chris Nthite +27 (0) 11 637 6388/+27 (0) 83 301 2481 cnthite@anglogoldashanti.com
Stewart Bailey +1 646 338 4337/ +1 212 858-7702 / +27 83 253 2021 sbailey@anglogoldashanti.com
General inquiries media@anglogoldashanti.com
Investors
Stewart Bailey +1 646 338 4337/ +1 212 858-7702 / +27 83 253 2021 sbailey@anglogoldashanti.com
Sabrina Brockman (US & Canada) +1 212 858 7702 / +1 646 379 2555 sbrockman@anglogoldashanti.com
Mike Bedford (UK & Europe) +44 779 497 7881 / +44 1225 93 8483 mbedford@anglogoldashanti.com
General inquiries investors@anglogoldashanti.com
Disclaimer
This news release is for information purposes only and shall not constitute an offer to purchase, a
solicitation of an offer to purchase, or a solicitation of an offer to sell securities nor an offer to sell or
solicitation of an offer to purchase new securities. The Offer may be made only pursuant to the
terms and conditions of the Offer to Purchase and the other related Offer materials. A tender offer
statement on Schedule TO, including the Offer to Purchase, describing the Offer will be filed with the
Securities and Exchange Commission. Holders of the Bonds are encouraged to read the Schedule
TO and its exhibits carefully before making any decision with respect to the Offer because it contains
important information. The Schedule TO, the Offer to Purchase and other related Offer materials will
be available free of charge at the website of the Securities and Exchange Commission at
www.sec.gov. In addition, the Company will provide copies of the Schedule TO and related Offer
materials upon request free of charge to holders of the Bonds.
None of the Company, the Dealer Managers or the Depositary and Information Agent (or any of their
respective directors, employees or affiliates) makes any recommendation to any holder of Bonds as
to whether to tender any Bonds. None of the Company, the Dealer Managers or the Depositary and
Information Agent (or any of their respective directors, employees or affiliates) has authorized any
person to give any information or to make any representation in connection with the Offer other than
the information and representations contained in the Offer to Purchase.
Forward Looking Statements
Certain statements contained in this news release, 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 the Company and its affiliates’
operations, individually or in the aggregate, including the achievement of project milestones, the
completion and commencement of commercial operations of certain of the Company and its
affiliates’ exploration and production projects and the completion of acquisitions and dispositions, the
Company and its affiliates’ liquidity and capital resources, the results of financing transactions 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 the
Company and its affiliates’ operations, economic performance and financial condition.
These forward-looking statements or forecasts involve known and unknown risks, uncertainties and
other factors that may cause the Company and its affiliates’ actual results, performance or
achievements to differ materially from the anticipated results, performance or achievements
expressed or implied in these forward-looking statements. Although the Company and its affiliates
believe that the expectations reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have been correct. Accordingly, results
and forecasts 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, success of
business and operating initiative, changes in the regulatory environment and other government
actions, including environmental approval, fluctuations in gold prices and exchange rates, the
outcome of pending or future litigation proceedings and business and operational risk management
and other factors as determined in “Risk factors” in the Company’s Preliminary Prospectus
Supplement filed with the SEC on July 15, 2013. These factors are not necessarily all of the
important factors that could cause the Company or its affiliates’ 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.
Neither the Company nor any of its affiliates undertake any obligation to update publicly or release
any revisions to these forward-looking statements to events or circumstances after the date of the
Offer to Purchase 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 the
Company or its affiliates or any person acting on its behalf are qualified by the cautionary statements
herein.
Date: 26/07/2013 09:50:00 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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